Step 1: $7 to $15

Today we're going to talk about our plans for Step 1 - $7 to $15.

This is the first baby step towards our two million dollar goal! Exciting! As you know, we have $7 to play with, determined by the cost of two coffees (if you're new here, check out our original post about our challenge). All we need to do to complete Step 1 is turn this $7 into $15 - should be easy!

In just over a week there is a second hand baby and kids market happening in our town, so we've decided to find $7 worth of second hand kids clothes that we believe we can sell for $15. As a mum of two young boys, Jo has a pretty good eye for kids clothes bargains and also knows what mums on a budget are looking for. So for the next week we'll be looking out in thrift stores and trash and treasure markets for a few items that we think we can resell for more.

We’ll be looking for three main types of baby and kids clothing:

1. Jeans - toddlers and young children spend a lot of time on the floor and as a result wear out their jeans fast (especially at the knees). We’ll be looking for jeans in good condition, preferably with an adjustable elastic waistband so they will fit a variety of sizes.
2. Knitted jumpers/cardigans - good woollen jumpers for kids can be hard to buy and hand-knitted tops look great on little ones. It’s getting near the end of winter but it will still be cold enough here to need warm tops for a while yet.
3. Shoes - like jeans, kids (especially boys) are tough on their shoes. And if they aren’t wearing them out, they are growing out of them. New shoes are a constant source of expense for parents so many will be on the lookout for a decent pair at the second hard market.

it's hard but we are really trying to only focus on one step at a time - it's easy to feel overwhelmed wondering how we'll double our money when we get into the hundred thousands! But the whole idea of this challenge is one step at a time so for now, baby clothes it is!

Do you want to join in the challenge? How would you turn $7 into $15?

Update: Here's what we bought!