Week 3 of the money mental car payment earning challenge – am I on track to succeed?

Week 3 of the money mental car payment earning challenge – am I on track to succeed?

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Hello all! And an apology from me – I’ve been ill with a lethal combination of man flu and toothache so that’s led to a delay in the latest update on the earnings challenge.  However, I’m on the mend now so today I’m publishing the third of my weekly updates on the Money Mental Car Payment challenge. 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 target. 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 week one of the challenge you can find out by clicking here.

For week two you can click 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 without further ado here’s week 3!

eBay:

Medieval II total war PC game. Cost £0.10 from a house clearance shop, sold for £3.50 including shipping. Total profit after fees: £1

Operation flashpoint dragon rising PC game. Cost £0.10 from a house clearance shop, sold for £3.50 including shipping. Total profit after fees: £1

Pinnochio video – picked up as part of a bundle from another reseller, cost £0.05, sold for £6.49 including shipping. Total profit after fees £2.50

Tommee Tipper Closer to Nature Steriliser – Cost £0.01 from an eBay auction (collection only!), sold for £18.50 including shipping. Total profit after fees £12

The Polar Express DVD – picked up as part of a bundle from facebook marketplace, cost £0.05, sold for £3 including shipping. Total profit after fees £1

Top Trumps Lord of the Rings Return of the King edition – cost £0.50 from a charity shop, sold for £4.99 including shipping. Total profit after fees: £2

Far Cry PC game. Cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees: £2.50

Wallace and Gromit PS2 game – came in a bundle of other games. Cost about £0.30, sold for £4 including shipping. Total profit after fees: £1.50

Flip HD Camcorder – Cost £13.03 from an eBay auction, sold for £28.49 including shipping. Total profit after fees: £9 (a nice flip if you’ll excuse the pun!).

Shakespeare the bard game (board game) – cost £1.99 from a charity shop, sold for £24.99 including shipping. Total profit after fees: £16.50

Tekken 2 PlayStation one game – cost £0.99 from a charity shop,  sold low for £5.50 including shipping as was missing the instructions. Total profit after fees: £2

Total war shogun 2 PC game brand new and sealed – cost £0.99 from a charity shop,  sold for £14.99 including shipping. Total profit after fees: £10.50

French Quickstart audio CDs – cost £0.10 picked up as part of a bundle from a charity shop, sold for £3.99 including shipping. Total profit after fees: £2

Pop Idol PS2 game – Cost £0.10 from a house clearance shop, sold for £3.00 including shipping. Total profit after fees: £0.50 – please don’t bother buying this game if you see it, there’s no real profit in it!

Christmas on Coronation Street hardback book – cost £0.79 in a charity shop, sold for £6.49 including shipping. Total profit after fees: £1.50

Driver 1 and 2 PS1 games – Cost £1.50 for the two from a car boot sale – sold for £13.49 including shipping. Total profit after fees: £8 – received a complaint from the buyer afterward stating that I’d shipped the platinum edition of driver 1 but had photographed the original version (it’s the same game either way) and wanting a 50% refund. I advised the buyer to return the games if he was unhappy and have not heard back since.

Nintendo DS bundle of UP and Disney friends – cost £2.98 for the two in a charity shop, sold for £11.50 including shipping. Total profit after fees: £4

Stratego board game, brand new and sealed – cost £4 in a charity shop, sold for £23.99 including shipping. Total profit after fees: £14

Russell Hobs chocolate fountain, brand new – cost £5 in a charity shop, sold for £15 with the buyer collecting in person. Total profit after fees: £8.50

3 x finding Nemo robo fish bundle, brand new and sealed – cost £11.97 from home bargains, sold for £28.49 including shipping (sent overseas via eBay’s global shipping programme). Total profit after fees: £10 (a nice bit of retail arbitrage)

Earning Learning Centre Happyland Princess Castle – Cost £0.99 from an eBay auction (collection only!), sold for £22.50 including shipping. Total profit after fees £14.50

Pirates of the Carribean dead man’s chest game on Nintendo DS, Cost £1.49 in a charity shop, sold for £4 including shipping. Total profit after fees: £0.50 – another game to avoid!

The little mermaid ariels early adventures video – picked up as part of a bundle from another reseller, cost £0.05, sold for £6.49 including shipping. Total profit after fees £2.50 – I’m pretty close to being on profit on this bundle that I picked up and I’ve still got hundreds of videos left!

Bullseye 2nd edition board game – Cost £1.49 in a charity shop, sold for £13.49 including shipping. Total profit after fees: £7 – sold within a few days of being listed and had lots of watchers so worth grabbing if you see it for less than £2 and in good condition.

50 shades of grey trilogy book bundle – Cost £0.99 in a charity shop, sold for £9.49 including shipping. Total profit after fees: £4

Alba portable CD player (boxed) – Cost £3 in a charity shop, sold for £13.49 including shipping. Total profit after fees: £5.50 – I put this down for a second in the shop and some kid tried to pick it up so I had to tell him to leave it alone. Sometimes you have to be hard-nosed in business to get your money!

Total profit from eBay £144 – not bad considering I didn’t really list anything due to work commitments.

Facebook Marketplace Sales:

I also had some sales on items that I’d put on the Facebook marketplace due to not really wanting to mess about with shipping them.

Fender Squire practice amp – Cost £5 from an eBay auction (collection only!), sold for £20. Total profit £15

Pretty Pink mini fridge – Cost £4 from a charity shop. Sold for £16. Total profit £12

Total facebook income £37

Other income:

Citizenme £0.22

Total other income £0.22

Week 3 total income: £181.22 – just shy of what I made in week 2 but a total I’m happy with given my total lack of effort this week.

Totals so far this month:

In week 1 I made £128.80. In week 2 I made £187.44. Adding in this weeks total of £181.22 I’m now at a staggering £497.46!! Given my aim for the month is to make £430 I’m really pleased to have already smashed the target with another week to go!

I’m expecting week 4 to be a much lower total due to my current state of illness but it won’t matter at all now given that the challenge has been achieved!

Thanks for reading and I hope the above gives you some inspiration in your own money earning challenges 🙂 Feel free to share any feedback you have in the comments section below.

Andrew

Money Mental - Blog Directory OnToplist.com
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