7 Places to Find Secondhand Gifts Your Friends and Family Will Adore

click photo for more information
7 Places to Find Secondhand Gifts Your Friends and Family Will Adore
Gifting your friends and family with something they’ll love this holiday season doesn’t require buying something brand new. You can save a considerable amount of money by buying used gifts for Christmas instead. Thrift stores and private sellers price merchandise at a fraction of their original cost — not to mention the treasures you might be able to regift without spending a penny. Before you cringe at the idea, consider this: A recent survey by the selling app Mercari found 60% of people felt comfortable receiving a previously owned gift.  Likewise, Accenture’s annual holiday shopping survey found more than half of respondents said they’d willingly accept secondhand apparel as gifts this holiday season. Of course, you’ve got to consider the gift recipient — and the gift. Your vintage-loving sister would appreciate a good thrift store find, and your 2-year-old nephew won’t realize (or care) if his “new” toy truck used to belong to another kid.  But if your husband has been yearning for a specific tech gadget that just hit the market or your mom wants a 2020 calendar, maybe they aren’t the best candidates to give used gifts for Christmas. When gifting anything used, examine the item’s condition the best you can. Arrange to meet individual sellers in safe, public places. If you’re purchasing online, vet the website to ensure it’s trustworthy and secure. Check out the reviews or ratings of sellers you buy from. Opportunities to find pre-owned presents are widespread. Here are seven places to shop for inexpensive gifts this holiday season. 7 Outlets to Find Used Gifts for Christmas Some places you’ll discover great secondhand gifts (that won’t bust your budget) include: 1. Brick-and-Mortar Thrift Stores and Consignment Shops Thrift store chains like Goodwill and the Salvation Army have a varied assortment of goods. Proceeds from sales go to community programs that support the nonprofits’ missions.  You may find for-profit consignment shops in your area have a particular focus, like children’s clothing or men’s fashion. 2. Online Resale Retailers and Private Sellers Sites like Poshmark, Tradesy and ThredUp are great outlets to find clothing and accessories at a discount.  Other e-commerce websites, like Facebook Marketplace, Craigslist, eBay and Mercari, have less of an online store interface. On these sites, private sellers post a variety of previously used products for sale, including toys, tech, furniture and home decor. 3. Yard Sales, Estate Sales or Flea Markets Yard sales, estate sales and flea markets can include a great array of options You may even find a table of trinkets the seller is giving away for free.  4. Public Libraries Occasionally libraries will hold fundraisers where they’ll offer a selection of books for sale. You can find titles for only a couple bucks a pop. It’s a good opportunity to get something for the book lover in your life. 5. Pawn Shops Disregard the negative reputation that pawn shops (often unfairly) have. This venue is popular for finding jewelry at low prices. You can also find a great assortment of other merchandise — from DVDs to bikes to musical instruments. 6. Buy Nothing Groups The Buy Nothing community (which connects neighbors via Facebook) provides an opportunity to find a gift that won’t cost you anything. Members of Buy Nothing groups post items they own that they choose to give away for free.  Search Facebook to see if your community has an active group, and join to see what your neighbors are giving away. 7. Your Own Home Regifting gets a bad rap, but it’s honestly no different than giving something from a secondhand retailer. The plus? You incur zero cost.  Consider items you’ve barely or never used, like that waffle maker that’s still in the box from when you got married. Just don’t give someone a present they originally gave to you! Nicole Dow is a senior writer at The Penny Hoarder. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017. [...]
1
4

Favorite! Would you like to add notes/tags?

Afternoon Deals: Thursday, December 5

click photo for more information
Afternoon Deals: Thursday, December 5
Every morning and afternoon we publish a list of the latest and best deals from our partner, DealNews. To learn more about the discounts and details, click on any of the deals for more information. To have this list, along with our latest news and stories, delivered daily to your inbox, sign up for our free newsletter. For links to deals as they’re published, follow @mtndeals on Twitter. [...]
2
4

Favorite! Would you like to add notes/tags?

*HOT* Hulu Black Friday Deal | Get a year of Hulu at just $1.99 per month!!!

click photo for more information
*HOT* Hulu Black Friday Deal | Get a year of Hulu at just $1.99 per month!!!
This post may contain affiliate links. Read my disclosure policy here. Whoa! Don’t miss this HOT Hulu Black Friday Deal! Yay!! The HOT Hulu Black Friday Deal is back again this year! When you sign up for a year of Hulu as a new customer, you’ll pay just $1.99 per month! This is a savings of $4 per month, so an annual savings of $48! Note: This deal is only valid on the cheapest version of Hulu that is regularly $5.99/month. It does NOT include commercial-free or live tv options. Go here to sign up for this HOT deal! [...]
1
32

Favorite! Would you like to add notes/tags?

2 Programs for Homebuyers With Good Credit (but Not Much Cash)

click photo for more information
2 Programs for Homebuyers With Good Credit (but Not Much Cash)
Dreaming of becoming a homeowner?  While it may be fun to fantasize about what color you’ll paint the living room and which shower curtain will adorn the guest bath, there’s one important consideration to take care of first.  How are you going to finance it? Many mortgages require a sizable down payment — historically up to 20% of the full purchase price of the home. Of course, 20% of a six-figure price tag is a pretty hefty bill to foot, which is part of the reason the average homebuyer is putting down far less these days.  But not every lender will let you get your foot in the door for less cash upfront… which is why we want to introduce you to two mortgage programs that may just help you reach your homeownership goals even if a large down payment isn’t in your budget. Government-controlled corporations Fannie Mae and Freddie Mac both offer mortgage programs aimed specifically at candidates whose credit histories are good, but whose income might not allow them to save up a traditional down payment. Fannie Mae’s is called HomeReady, and Freddie Mac’s is called HomePossible.  Fannie Mae HomeReady and Freddie Mac HomePossible: How Do These Two Mortgage Programs Work? If you’ve got decent credit but don’t earn enough to have much wiggle room, one of these programs may be a fit. But how do they work — and what’s the difference between them? In a lot of ways, the two programs are very similar. Neither requires you to be a first-time homebuyer, and both allow you to finance up to 97% of the property value, which means your down payment can be as low as 3%, depending on your specific qualifications — and both make allowances that help you fork over even that small down payment from a variety of sources including gifts from relatives, government grants, or a second mortgage. And both have similar income requirements: You must make 80% or less of the median income in your area. Both programs allow non-occupant co-borrowers to help you apply for the loan, which can be helpful for those trying to help a family member relocate or buy their first home.  But as much as they share in common, there are some important differences between HomeReady and Home Possible that could help you decide which of the two to apply for. Fannie Mae HomeReady HomeReady is available to borrowers with a credit score of 620 or greater, though those with a score over 680 may get better rates.  If you have someone living with you who pays you rent, or a “boarder,” their income qualifies in determining your eligibility, as does the income of a non-resident co-borrower, which can be helpful if your earnings are low enough to endanger your approval. To qualify for Fannie Mae HomeReady, at least one borrower must complete the Framework online homeowner education program, which costs $75. According to the FAQ, your lender may provide a credit against closing costs to make up for this fee, but it’s not guaranteed. Of course, in the grand scheme of things, $75 is a pretty small price to pay for a financial product that could help you save money in the long run. Freddie Mac Home Possible Although Freddie Mac doesn’t publish its minimum credit score requirements, it does match Fannie Mae’s 3% down payment for the most qualified borrowers. However, only borrower income is counted when determining eligibility, so you can’t get a boost from the earnings of your co-borrower or spouse. (You may still be able to count your boarder or renter’s income, however.) Furthermore, the occupying borrower may own another residential property — even a financed one. And you can skip the homebuyer education requirement if at least one borrower on the loan application is not a first-time home buyer. If you are a first-time buyer and you need to meet homebuyer education courses, you can meet this requirement in a wider variety of ways: homebuyer education provided by HUD-approved counseling agencies housing finance agencies (HFAs) community development financial institutions (CDFIs) mortgage insurance companies or other programs that meet National Industry Standards for Homeownership and Counseling. There’s also an option for a free online homebuyer training offered through Freddie Mac itself called CreditSmart  – Steps to Homeownership.  FROM THE HOME BUYING FORUM 401k Loan 7/29/19 @ 10:35 AM B Knowledge Is Important When Buying A Home 7/22/19 @ 9:18 AM Can I buy a home with student loan debt? 6/12/19 @ 11:20 AM Fund my home 6/12/19 @ 1:11 PM C See more in Home Buying or ask a money question What About FHA Loans? There’s an alternative to Fannie Mae’s HomeReady and Freddie Mac’s Home Possible mortgages that you’ve probably already heard of: FHA loans.  In many ways an FHA loan is similar to the above-mentioned programs: You don’t have to be a first-time buyer, and you can score a down payment of as low as 3.5%.  And unlike the Fannie Mae and Freddie Mac products, FHA loans allow buyers with lower credit scores to qualify — though if your score is between 500-579, you’ll have to cough up a full 10%. FHA loans may also offer lower interest rates than HomeReady or Home Possible, but they often have a longer appraisal process, and unfortunately, you’ll need to pay two types of mortgage insurance: an upfront premium at closing, plus monthly premiums. Mortgage insurance can generally be cancelled through both Fannie Mae and Freddie Mac programs once your loan balance is less than 80% of the home’s value. One thing’s for certain: Buying a house can be complicated, especially if you don’t have the cash for a large down payment on hand. It’s worth shopping around and reaching out to different lenders directly to see how they can work with you and learn more about your specific rates and terms. Then, you can get back to the fun stuff — like comparing paint swatches and running your hands over carpet samples. Home, sweet home! Jamie Cattanach’s work has been featured at Fodor’s, Yahoo, SELF, The Huffington Post, The Motley Fool and other outlets. Learn more at www.jamiecattanach.com. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017. [...]
1
114

Favorite! Would you like to add notes/tags?

Entrepreneur Magazine | Low Price!

click photo for more information
Entrepreneur Magazine | Low Price!
Great magazine for all you entrepreneurs! ENTREPRENEUR SUBSCRIPTION DISCOUNT Until 6/6/19, subscribe to Entrepreneur Magazine for only $4.95 per year (91% off)! You can order up to 4 years at this price! Just enter coupon code PENNYPINCH when you get to check out. If you already subscribe, you can extend your current subscription at this ... Read More about Entrepreneur Magazine | Low Price! The post Entrepreneur Magazine | Low Price! appeared first on Penny Pinchin' Mom. [...]
1
426

Favorite! Would you like to add notes/tags?