I used to always use Craigslist or amazon seller central to sell my cell phone or electronics. However, my friend graciously listed my one month old cell phone off Swappa. It's a great service that saves you a lot of time and money.
Swappa allows you to sell your old phones, tablets, smart watches, Chromebooks, Macbooks, and even VR equipment. You have to post good quality pictures of your cell phone with a specific written code to prove that the phone belongs to you. Additionally, you write about the condition of your phone and what is included. There are buyers all throughout the USA that would be interested in your phone at a discounted price and this allows them to compare and buy the used phone that they want. This saves a lot of time as to dealing with possible unscrupulous buyers off craigslist and it allows you to sell to a wider market. Once your listing is approved by Swappa, it's listed to whoever visits the site and searches for your specific phone. There's a $10 fee for buyers, but nothing for sellers. However, you have to receive payment through a paypal account and they take a cut from your transaction. My transaction of $290 had a fee of $8.71. Luckily, my recent buyer was local, so he even drove to where I was at and picked up my used phone! 2/3 Update: Swappa actually has tiered flat fees. Sold Price Swappa Fee $0 - 100 just $5 $101 - 300 just $10 $301 - 500 just $15 $501 - 700 just $20 $701 - 1000 just $25 $1000 - 1999 just $35 $2000 + just $50
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After receiving the Chase Sapphire Reserve Card, I was pleasantly surprised to see my credit score jump by 12 points. I'm not the typical user of opening and having multiple credit cards with high limits. Credit reporting companies saw my low credit availability of 7k on my one credit card as a negative factor in determining my credit score.
Since my previous credit card limit was 7k, signing up for this new credit card made it rain like past couple of days in California. Hopefully it doesn't stop anytime soon. With this turbo-charged credit score and new limit, I suppose it would be unpatriotic to spend less. I guess I'll have to take advantage of this when I take out my next loan or mortgage. Also, I was about to close my Bank of America credit card since I'm trying to max out my spending on the Chase card. However, after some digging, this would actually have an adverse effect on my credit score because my total credit limit would decrease and my credit age and history would decrease. My credit score would probably have dropped if I had closed the Bank of America credit card. For your credit cards, these practices are beneficial to increase your credit score.
And if you have debt
The great recession and ongoing recovery hasn't been very good to retirees living on a fixed income and savers who put money in a savings account. Bank yields have been pretty low and supposedly that is going to change with the improving economy and rising interest rates. People have had to go invest to other investments to maintain a decent standard of living. Other alternatives options include buying real estate, investing in the stock market, investing in your business, art, precious metals, and other items that can appreciate. California Tax Free bonds are a good investment to put a portion of your nest egg if you live in this high tax state to reduce your tax liability. It's a good balance against the high stock market (currently the Dow's at 19,780) on 1/18/2017. For example, as a single individual in 2017, Additionally, living in the state of California, means that any income from $51,531 to $262,222 is taxed at 9.3%.
Anyone who is making above $191,650 should definitely look into CA Tax Free Funds. Any income you make over that is effectively taxed at 42.3%. CA Tax Free Bond Funds allow you to not pay any federal or state tax on the income generated by these financial instruments. Currently, many top rated CA mutual funds are returning over 4% and one would need to find an taxable equivalent investment yielding over 6.9% at this income level to be comparable. There's an expense fee associated with these funds that could be as high as .9 or as low as .2. Vanguard is usually the lowest and you could get fees down to 0.12% with their Admiral Shares. |
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