Week 16 of the Money Mental Earnings Challenge – back in the hot seat

Week 16 of the Money Mental Earnings Challenge – back in the hot seat

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Hello readers! And welcome to week 16 of the money mental earnings challenge! After having a few days away from the business last week this week I’ve been getting stuck back in. But has being back in the hot seat made a difference to my earnings? Read on to find out!

For those of you are unfamiliar with the challenge and what I’m trying to achieve you may want to start off by reading this post here.

The target is to make £430 a month to cover the costs of my car loan, car insurance, and road tax. Each week I will be reporting on my progress towards this monthly challenge. I’ll be using a variety of different sources to earn money details of which I’ve written about in this post here.

If you want to see how I did in the last week of the challenge you can find out by clicking here.

Each week I’ll give a breakdown of what I’ve earned and how I’ve earned it before. As previously mentioned my main source of income to support the challenge will be buying and selling goods on eBay so for reporting purposes I will include details of what items I sold on eBay, how much it cost me, how much I sold it for and how much profit I made after fees. The last figure will be rounded down to the nearest 50p for ease.

So here’s week 16!

ebay:

Yakobe chocolate with a shaker thrown in – cost £0.99 from home bargains, sold for £9.99 including shipping. Total profit after fees £4.50

Harry Potter wall sign – cost £1 from a car boot, sold for an offer of £10 including shipping. Total profit after fees £4.50

3x Yakobe vanillas with shakers – cost £2.97 from Home Bargains, sold for an offer of £10 including shipping. Total profit after fees £2.50 (this was a bunch of short-dated Yakobe that needed getting rid of quick so I was happy to take an offer to get rid of the last of my Yakobe stock – what an earner it’s been for me!).

Championship Manager 4, cost £0.10 cost £0.10 from a house clearance shop, sold for an offer of £3.50 including shipping. Total profit after fees £1 (sports games do sell – just not for very much!)

XLS fat binder – cost £7.99 from Home Bargains, sold for £16.99 including shipping. Total profit after fees £6.50 (I flat pack these so that they go as a large letter).

Barbie pink convertible – cost £2 from a table top sale, sold for £14.99 including shipping. Total profit after fees £8. (Barbie vehicles are becoming my new go-too item!).

Fantastic 4 Human Torch figure – sealed – cost £2 from a car boot sale, sold for £19.99 including shipping. Total profit after fees £12.50

XLS fat binder – cost £2.99 from Home Bargains, sold for an offer of £10 including shipping. Total profit after fees £4.50

2 x XLS fat binder – cost £15.98 from Home Bargains, sold for £32.28 including shipping. Total profit after fees £10.50

Big Potato Obama LLama 2 – cost £3.75 from Boots, sold for £14.99 including shipping. Total profit after fees £6

Dinky Shado 2 – cost £4 from a car boot sale, sold for £19.99 including shipping. Total profit after fees £10.50 (this was a full on restoration project so I’m pleased with the price I got).

Box of the banned DVD box set – cost £1 from a charity shop, sold for £12.99 including shipping. Total profit after fees £7

Free loader for nintendo wii – cost £2 from a charity shop, sold for £16.49 including shipping. Total profit after fees £8. This went abroad so shipping costs were higher.

Jurassic World figure – cost £1.99 from Home Bargains, sold for £14.99 including shipping. Total profit after fees £8.

Harry Potter Hagric nightlight – cost £2.50 from Sainsburys, sold for £9.99 including shipping. Total profit after fees £3

Wrestlemania 18 Gamecube game – cost £1.80 from a car boot sale, sold for £5.99 including shipping. Total profit after fees £1.50

Prey PC game – cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees £2.50

Dinky Shado 2 – cost £5 from a car boot sale, sold for an offer of £20 including shipping. Total profit after fees £9.50 (this sold for less than it should have but I needed the funds).

Football Association of Wales jacket – cost £0.99 from a charity shop. Sold for £19.99 including shipping. Total profit after fees £13.50. (this was the first use of Manny the Mannequin so I was glad to see it go well!).

Dora the explorer chutes and ladders incomplete – cost £1.49 from a charity shop, sold for an offer of £7. Total profit after fees £1.50 (I was glad to see this one go given that it was incomplete!).

Phillips infrafill heat lamp – cost £3 from a charity shop, sold for £22.99 including shipping. Total profit after fees £14.

Kodak easyshare camera and camera dock – cost £5 from a car boot sale, sold for £47.99 including shipping. Total profit after fees £29.50 (This went via UPS so cost a bit to ship).

Shrek 2 Donkey plush – cost £1.99 from a charity shop, sold for £13.99 including shipping. Total profit after fees £7.

Swissie Ultavite vitamins – cost £3.96 from Home Bargains, sold for £11.99 including shipping. Total profit after fees £3.50

Total ebay income £179.50

Facebook income:

Aldi bikesafe rack – cost £2.49 from Aldi, sold for £8 collection only. Total profit (no fees) £5.51

Total facebook income £5.51

Other income:

Embee Meter £6 (this is the last time I’ll be using this as it blocks notifications on my phone).

Marketforce referral bonus £1.50

Total other income £7.50

Week 16 Total income: £192.51

A good return to form giving me the highest income of any week in the challenge so far! It just goes to show what you can achieve when you put a bit more time into your money earning.

Adding this weeks total of £192.51 to this months running total of £282.69 gives me a total income for the month so far of £425.19. This means I’m only £5 off this months target of the challenge target of £430 with two weeks to go!

Thanks for reading.

Andrew

 

 

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