Extreme savers

The Great Recession has forced some people to find creative ways to cut back on their spending. CNNMoney.com looks at what four people are doing to save money.

1 of 5
BACKNEXT
Janene Snyder: Garage sale maven
Janene Snyder: Garage sale maven
Janene buys shoes for her grandson-to-be at garage sales.
Though Janene Snyder has long enjoyed hunting for bargains at garage sales, her hobby has turned into a much-needed source of income and savings.

The shaky job market has taken a toll on Snyder and her husband, David. At one point over the summer, she thought she might lose her job as an office manager for a non-profit group. At the same time, her husband was told not to bother reporting to his dental lab technician job one day a week. Altogether, they lost about $500 a month in wages.

Not helping matters was a sharp spike in the family's health insurance costs, which rose several hundred dollars a month.

So Snyder turned to garage sales to supplement the Eudora, Kan., couple's income. She now goes to as many as 65 garage sales in a single morning, up from 15 a year ago. Snyder, who hits her first home at 6:30 a.m., looks for items she can resell on eBay or Craigslist for a profit. She estimates she makes up to $4,000 a year from her side business, double a year ago.

"It's like a treasure hunt," said Snyder, 44, who is married with three grown daughters. "And I can turn it around and pay the bills. It's fun."

By shopping at garage sales, Snyder also saves a lot of money on the household items she needs. For instance, the budding photographer bought some frames, backdrops and lighting equipment that was priced at $250 for only $40. And she found a crib for her pregnant daughter for $35 that once retailed for more than $300, she was told.

Like many other people, she has cut out frivolous purchases. Snyder, who has redecorated her house with garage sale finds, recently walked past a $20 Coach purse because it didn't meet her thrifty new standards.

"I don't buy things for fun anymore," she said. What she picks up either has "to make money or save a lot of money."


NEXT: Rich Hearn: Chopping wood for warmth
Last updated November 04 2009: 12:05 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
These 10 food trends could dominate 2015 So long, kale. Here's what's expected to shake up the food industry next year. More
Beyond Russia: Geopolitical hot spots in 2015 Investors beware: These 5 global crises are likely to rattle the stock market and world economy. More
These 20 antique guns could fetch big bucks Morphy Auctions in Pennsylvania is putting nearly 1,000 old guns on the block. Here are just a few. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.