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Sold Some Gold

July 20th, 2008 at 02:58 pm

I am $103 richer because I sold some old gold jewelry. I mainly did it to encourage my sister, who is having financial troubles (continually) to part with some of hers. She sold jewelry to the tune of $700+. I just hope she doesn't blow it foolishly. That is something she has, unfortunately, done all her life.

My money will go toward paying off the credit card next month. I am very close now and may not have to use savings as I thought.

However, I do have to really look at my budget and figure out where I am going wrong. I am spending too much. It is so easy to do with my income so small, but I can't take out any more from my retirement fund. When I set up my income, the idea was to take only the interest and profit. With the stock market the way it is, my income is outpacing profit. I know the stock market will eventually recover, but it is scary.

I think I have to have a no-spend month -- or two -- to get back on track. By that I mean no spending on anything that isn't a necessity. Most of my needs are taken care of in my living situation so it shouldn't be that difficult.

However, I have been keeping a list of expenses coming up -- a dental appointment, a trip to the vet for my cat, an oil change, and car inspection. That doesn't count the two crowns that I need -- which I would like to get done this year for tax reasons.

Well, back to the drawing board. I'll figure it out.

2 Responses to “Sold Some Gold”

  1. Analise Says:

    I'm curious... how did you go about selling your extra gold jewelry? It sounds like a good way to get a little extra $$.

  2. Carolina Bound Says:

    I just went to a jewelry store that had a sign in the window, "WE BUY GOLD." I figured a local business would be fair to its customers.

    It IS a very good way to get a little extra $$$ if you have gold chains lying around that you never wear. They don't have to be intact, either.

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