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Money Drain: $471 Lost Reselling an Old Purchase

This is another story from my own personal experiences.

In Highschool I was a very much into Xena: Warrior Princess. When the VHS seasons started being advertised, they would go for $99/season. I gradually over a couple years saved up and eventually purchased all 6 seasons which amounted to $600 over time.

Later on when I decided to downsize on my clutter, I decided to sell all of my Xena tapes on ebay. The largest amount I could get for all 6 seasons was $129, but it was $129 I didn’t have for something I didn’t need so I sold them. Unfortunately the investment came with a heavy loss in time, but I guess that’s how things go with outdated media.

Submitted by: Crystal

Lesson Learned:
There’s really not a lesson to learn from here I don’t think. Outdated media is just something we accept as technology improves. That nifty new electronic device eventually becomes obsolete and the money spent on it becomes a loss due to the times.

I suppose the only advice/lesson here is to just save your money for things you truly love, that you know will not just be a temporary fad that turns into a waste of money. Put your money into timeless memories that you’ll always cherish, like family portraits or guitar lessons or something like that.

Amount Flushed Down the Money Drain: $471

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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One Response to Money Drain: $471 Lost Reselling an Old Purchase

  1. Pingback: Money Drain End of Year Report: 2011 – Almost 4 Million Dollars Wasted | The Money Drain

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