Week 5 of the money mental earnings challenge – starting a new month

Week 5 of the money mental earnings challenge – starting a new month

Spread the love

Hello all! I’m now recovered from my lethal combination of man flu and toothache so I thought it was time to publish the latest update on the earnings 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 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 without further ado here’s week 5!

eBay: 

Serious Sam PC Game – Cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees: £2.50

Battlefield: Vietnam PC Game – Cost £0.10 from a house clearance shop, sold for £5.99 including shipping. Total profit after fees: £3.50

Sim CIty 3000 PC Game – Cost £0.10 from a house clearance shop, sold for £3.99 including shipping. Total profit after fees: £1.50

Singstar Motown PS3 Game  – Cost £0.10 from a house clearance shop, sold for £5 including shipping. Total profit after fees: £2.50

Dancing Stage Disney PS1 Game – Cost £0.99 from a charity shop, sold for £5.99 including shipping. Total profit after fees: £2.50

Xero for Dummies book – Cost £0.99 from a charity shop, sold for £12.49 including shipping. Total profit after fees: £6.50 (worth picking up for dummies books if you can find recent copies)

The Pebble and the Penguin VHS Video – picked up as part of a bundle from another reseller, cost £0.05, sold for £7.49 including shipping. Total profit after fees £3

2001 Rugby Lions Tour Australian Rugby shirt – Cost £0.99 from a charity shop, sold for £16.50 including shipping. Total profit after fees: £10

Rambo Trilogy VHS Videos – picked up as part of a bundle from another reseller, cost £0.05, sold for £6.50 including shipping. Total profit after fees £2.50

Remington Footspa Ultimate – Cost £4 from a charity shop, sold for £21 including shipping. Total profit after fees: £9

Bop it extreme 2 (boxed) Cost £3.49 from a charity shop, sold for £35 including shipping. Total profit after fees: £23 (Be on the lookout for these at Christmas time!).

Winnie the Pooh Book the complete collection of stories and poems – Cost £2 from a charity shop, sold for £10 including shipping. Total profit after fees: £3.50 (I undersold this a bit).

Waddington’s limited edition gold seal millennium puzzle (brand new and sealed) – Cost £2.99 from a charity shop, sold for £11.99 including shipping. Total profit after fees: £4

Only fools and horses trotters trading game (brand new and sealed) – Cost £4 from a charity shop, sold for £29.99 including shipping. Total profit after fees: £19

Brio polar express gift set – Cost £2 from a charity shop, sold for £56 including shipping. Total profit after fees: £44 (Another item to be on the look out for!)

EFE 00 gauge articulated lorry – Cost £1.67 from a car book, sold for £14.49 including shipping. Total profit after fees: £7.50

Star Wars Episode 3  PS2 game – came in a bundle of other games. Cost about £0.30, sold for £4.99 including shipping. Total profit after fees: £2

Lexicon Go game by waddingtons (brand new) – a free gift from my attendance at the blogon conference earlier this year – Sold for £8.99 including shipping. Total profit after fees: £4.50

Incredibles VHS Video – picked up as part of a bundle from another reseller, cost £0.05, sold for £10 including shipping. Total profit after fees £5.50 (I’m well into profit on this video bundle that I picked up and still have hundreds left to list).

Dare Board Game – Cost £2.99 from a charity shop, sold for £13.49 including shipping. Total profit after fees: £5.50

Little Miss Trouble Mug (brand new and boxed) – Cost £0.99 from a charity shop, sold for £11.49 including shipping. Total profit after fees: £5.50

That’s it for eBay sales – total profit = £167.50 – a nice return to form.

Other Income: 

£10 from the money shed’s monthly earnings challenge.

£5 from embee metre

Total other income: £15

Week 1 Total Income: £182.50

A good start to the month leaving me with £247.50 to earn over the next few weeks to complete this month’s challenge. Fingers crossed that I make it!

Thanks for reading this challenge update.

Andrew

Money Mental - Blog Directory OnToplist.com
%d bloggers like this: