How to Shop Consignment, Resale, Close-Out Stores and Internet Auctions

Having haute couture taste on an off-the-rack budget can leave even the savviest of shopper frustrated. Sales are great, but, let's face it, even at 50 or 60 percent off the original price, your clothing allowance can get eaten up pretty quickly, with not a whole lot to show for it. To find out how to dress like a million bucks without actually spending it, take a minute and explore the world of consignment, resale, close-outs and Internet auctions.

Consignment and resale shops accept merchandise and pay the owner when, and if, the item sells (consignment), or up front (resale). Usually, you will receive a better percentage with consignment. You can shop consignment and resale for virtually anything: clothing, shoes, accessories, bridal wear, home interior, furniture, music, books and electronics.

Reputable consignment and resale shop owners will usually check clothing for tears, missing buttons, stains and such. Some will reject those pieces, meaning better quality items for you. It's not uncommon to find items with original tags, saving you a bundle on brand new clothing.

For parents, it almost seems ridiculous not to shop for kids' clothes at consignment stores. Children outgrow their clothing so quickly that the items have probably only been worn a time or two - if at all - and will likely be in excellent condition. A great way to shop consignment for kids' clothing and accessories is at seasonal consignment sales. These are organized events in which an individual or group provides a consignment service, usually lasting a few days in the spring and fall, for those wishing to sell used clothing, toys, baby care items and maternity clothes. The sale organizer earns between 20 and 40 percent of the proceeds, and the seller receives about 60-80 percent. These sales are hosted by organizations, clubs, churches or individuals and can be located in community centers, garages and basements.