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When it comes to flea markets, thrift stores, and garage sales, are you a shrewd shopper or a junk collector? The answer may impact more than your finances, as I realized when I examined my own behavior in this area.
Don't get me wrong; I'm a big fan of secondhand purchases. Enter any room in my house, and most of what you'll find was pre-owned. I dress well, but I pay only a fraction of what my mall-shopping friends pay for their wardrobes. My home is both comfortably and attractively furnished, and I didn't have to go into debt to do it. Besides saving a significant amount of money, I have the satisfaction of knowing that I benefit the environment when I re-use perfectly good items and help keep other people's cast-offs out of the landfill. When I shop at thrift stores in my area, I'm also supporting worthwhile charities.
This sounds like a win-win-win proposition, but there is a potential downside. Garage sales and thrift stores can be as addictive as malls. I'm more likely to get into financial trouble if I'm buying new items recreationally, but even thrift store purchases can add up. If I'm really going to wear the three skirts and four blouses I picked up for a song, then I can be proud of my bargain hunting abilities. If I'm going to use the cast-iron apple peeler, or the battered mandolin is going to add to the decor in my living room, then I have every reason to be pleased with my purchases. But if the clothes are just going to take up space in an already-crowded closet, and the apple peeler is going to gather dust in a cupboard, then not only have I wasted money on things I didn't need, but I've also cluttered up my home. Whole books have been written on how clutter costs time, money, and peace of mind.
I've recently taken stock of my secondhand purchasing patterns. More than half of what I bring home can genuinely be classified as useful. However, many of my "bargains" duplicate things I already have, and some of them are downright useless. In an attempt to become a wiser secondhand shopper, I've come up with the following strategies:
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