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Personal Finance from the Broke Perspective

Cyber Monday Crash Course: How One Online Shopping Habit Can Turn a Hustle Into a Headache

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buying reselling inventory on Cyber Monday
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Cyber Monday is a goldmine for savvy shoppers, and a launchpad for thousands of side hustles. From flipping discounted electronics to reselling limited-edition sneakers, many people use the day’s deals to stock up and sell for profit. But what starts as a smart move can quickly spiral into a logistical headache if you’re not careful. Here’s how to make the best decisions on Cyber Monday for your side business.

Avoiding Costly Mistakes on Cyber Monday

To find the best deals for reselling on Cyber Monday, you have to be smart from the beginning. Set up shopping alerts to score the best items. But, you have to be aware that making a profit requires you to be picky when selecting inventory. Not all deals are resellable. You’ll have to track your cost of goods,  look up price comparisons on resale marketplaces, and calculate margins to decide if sales are worth flipping. Tools like Terapeak can help you make informed decisions. If you overbuy, you could be left with a ton of stale inventory.

Often, liquidation companies run sales on Cyber Monday. But that doesn’t mean that boxes or pallets of inventory are worth buying. Always look up reviews on the company you are interested in buying from. Many companies sell goods that are heavily damaged, not on trend, or don’t hold value. You don’t want to be saddled with inventory that you have to take a loss on. Do your homework and don’t buy just because it’s a good deal.

If you are buying from traditional retailers with the intent to resell, you also have to consider that your consumer may be aware of these deals. Shoppers are more savvy than ever. If you try to resell items for a higher price, the market may not support it. Make sure to purchase items that are scarce and desirable for the best profit. You’ll want to consider things like sell-through rate and brand reputation before making purchases.

Platform Considerations

E-commerce platforms like eBay, Etsy, and Facebook Marketplace are under pressure to enforce stricter seller policies. That means verifying identities, tracking inventory, and flagging suspicious activity. If you’re buying large quantities of items on Cyber Monday and immediately listing them for sale, algorithms may tag your account as a commercial seller. Make sure that you have the proper documentation to resell certain brands, or your account could get flagged. In addition, always make sure that your items are authentic. If you list counterfeit goods that you bought on sale, your accounts could get suspended or you could get banned.

The Tax Trap You Didn’t See Coming

Most people use the same PayPal, Venmo, or Cash App account for everything: splitting dinner, buying gifts, and collecting payments from buyers. But when Cyber Monday purchases intended for resale flow through the same account as personal transactions, it creates confusion. Always keep your business purchases separate.

The IRS doesn’t care whether you call it a hobby or a hustle. If you’re making money, it’s taxable. Many Cyber Monday resellers forget to track their expenses, keep receipts, or report profits. But once a 1099-K is issued, the IRS expects a matching income report on your tax return. If you don’t file correctly, you could face penalties, interest, or an audit. And if you’re using personal accounts for business income, you may lose access to deductions that could lower your tax bill.

How to Protect Your Hustle

If you plan to resell Cyber Monday purchases, treat it like a business from day one. Use a separate bank account or payment platform for all transactions. Track your purchases, sales, and shipping costs. Save receipts and document buyer communications. Consider using accounting software or a simple spreadsheet to stay organized. And most importantly, understand your tax obligations.

The Bottom Line: Smart Hustles Need Smart Systems

Cyber Monday can be a launchpad for profit, but only if you treat your hustle like a business. Mixing personal and commercial activity may seem harmless, but it can lead to serious consequences. With a little planning and discipline, you can flip deals without flipping out.

If you’ve turned Cyber Monday into a side hustle, leave a comment. Your tips could help others avoid costly mistakes.

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10 Reasons To Help A Neighbor This Year For Thanksgiving

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Helping a neighbor this Thanksgiving
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In these trying times full of food insecurity, rising prices, and instability, Thanksgiving feels all the more poignant. Many people focus on family plans, good food, and gratitude for all they have. But what about your community and your neighbors? Some people right in your neighborhood are facing financial hardship and struggling to make ends meet. They may not be able to put food on the table this holiday. Just one simple act of kindness may give them hope that times will get better. Here are 10 meaningful reasons to lend a hand this Thanksgiving.

1. Combat Loneliness

Loneliness can be compounded during the holiday season. Many older adults and widowed neighbors spend Thanksgiving alone. Human connection is one of the most powerful gifts you can offer. You may not realize it, but even a short conversation can change someone’s day. Or you could go the extra mile and invite a neighbor to your celebration. Even a phone call to check in may be the difference.

2. Share Surplus Food

What do you do with your Thanksgiving leftovers? While you may try to repurpose leftovers, in reality, some of it usually goes to waste. What if, instead, you brought over a plate to a neighbor? A homemade meal is the ultimate comfort for someone who may not be cooking this holiday. Food is love, and sharing it can be the most thoughtful gesture.

3. Support Seniors With Limited Mobility

Do you know neighbors who have limited mobility? Age or disability may make it impossible for some of your neighbors to shop for holiday essentials. Help ease their burden by offering to run errands for them. Your support can turn a stressful day into a joyful one.

4. Teach Kids the Value of Giving

Do you have children? They are always watching and learning from you. Helping a neighbor is a great way to involve children in acts of kindness. It teaches gratitude, empathy, and community responsibility. Kids can help bake cookies, make cards, or deliver meals. Let them know that Thanksgiving becomes more meaningful when it’s shared.

5. Strengthen Community Bonds

Reaching out to a neighbor for Thanksgiving open the door for connection throughout the year. When neighbors help each other, trust grows. A strong community is built on small acts of care. Kindness is contagious, and it starts with you.

6. Ease Financial Pressure

Some families are struggling to afford a holiday meal. Donating groceries, gift cards, or inviting someone to join your table can relieve that burden. You don’t have to solve every problem. But you can lighten the load. Your generosity could be the reason someone enjoys Thanksgiving this year. If you’re looking for where to donate, reach out to your local food bank.

7. Honor the Spirit of the Holiday

Thanksgiving is rooted in gratitude and sharing. Helping a neighbor embodies the true meaning of the season. It’s not about perfection; it’s about connection. When you give, you honor the values that make Thanksgiving special. It’s a celebration of community, not just cuisine.

8. Create New Traditions

Helping others can become a cherished part of your holiday tradition. Whether it’s delivering meals, hosting a neighbor, or volunteering together, these acts add depth to your celebration. Traditions don’t have to be inherited; they can be created. And the best ones often involve giving.

9. Inspire Others to Act

Your kindness can spark a ripple effect. When others see you helping, they may be inspired to do the same. One act can lead to many, creating a culture of care in your neighborhood. Thanksgiving is the perfect time to lead by example. Be the reason someone else gives.

10. Feel Good

Helping others boosts your mood, reduces stress, and increases feelings of purpose. It’s scientifically proven that generosity benefits the giver as much as the receiver. Thanksgiving is a time to reflect on what you have, and share it. The joy you create will come back to you tenfold.

Kindness Is the Best Side Dish

This Thanksgiving, don’t just think about what’s on your plate; think about who’s around you. Helping a neighbor is one of the most powerful ways to celebrate the season. Whether it’s a warm meal, a kind word, or a helping hand, your gesture could be the highlight of someone’s holiday. Gratitude grows when it’s shared, and so does joy.

Are you planning to help a neighbor this Thanksgiving? Share your ideas or stories in the comments. We’d love to hear how you’re spreading kindness.

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7 Clear Signs You’re Financially Ahead of the Average American

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couple financially ahead average American by budgeting together
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Do you feel like you’re on shaky ground when it comes to financial health? You’re not alone. Today, more than half of Americans rate their financial situation as only “fair” or “poor”. Even the middle class struggles with inflation, emergency savings, healthcare costs, and living expenses. Times may be challenging, but if you are doing these 7 things, you’re financially ahead of the average American.

1. You Have a Fully Funded Emergency Fund

Most Americans struggle to save even $1,000 for unexpected expenses. In fact, as many as 24% of Americans don’t have an emergency fund. Most are one large expense away from financial disaster. If you have three to six months’ worth of living expenses tucked away in a high-yield savings account, you’re already ahead of the curve. This cushion protects you from job loss, medical emergencies, or surprise repairs, and it means you’re not relying on credit cards or loans to stay afloat. While three to six months’ worth of expenses is the ideal, even a more modest emergency fund is better than nothing. So, give yourself credit if you have anything saved; you’re doing better than most.

2. You’re Contributing the Maximum to Retirement Accounts

Whether it’s a 401(k), IRA, or both, maxing out your retirement contributions is a strong indicator of financial health. Many people contribute only enough to get an employer match, but going beyond that shows discipline and long-term planning. It also means you’re taking full advantage of tax-deferred growth and compounding interest—two powerful tools for building wealth. Over time, you’ll reap the rewards of your max contributions.

3. You’re Debt-Free or Manage Debt Strategically

Most Americans can’t get out of the debt trap. According to The Federal Reserve Bank of New York’s Center for Microeconomic Data, US household debt increased by $197 billion (1%) in Q3 2025, to $18.59 trillion. Carrying high-interest debt is one of the biggest obstacles to financial progress. If you’ve paid off your credit cards, student loans, or even your mortgage, you’re ahead of most households. Or if you’re managing debt with low interest and a clear payoff plan, you’re doing well. Strategic debt management takes financial literacy and control.

4. You Can Afford Lifestyle Upgrades Without Sacrificing Savings

Being able to travel, dine out, or make home improvements without dipping into savings or going into debt is a major milestone. It means your income exceeds your expenses and you’ve built a buffer that allows for enjoyment without financial strain. This balance between living well and saving smart is something many aspire to but few achieve consistently.

5. You Track Spending and Stick to a Budget

Do you stick to a budget? This simple exercise is more than most Americans do each month. Budgeting isn’t just for people trying to make ends meet; it’s a tool for anyone who wants to stay ahead. If you regularly track your spending, adjust your habits, and align purchases with your goals, you’re practicing financial mindfulness.

6. You Have Multiple Income Streams

Relying on a single paycheck is risky in today’s economy. If you’ve built additional income sources, whether through investments, rental properties, freelance work, or side businesses, you’re diversifying your financial foundation. Multiple streams not only increase your earning potential but also provide resilience during economic downturns or career transitions. It’s a safety net that many other Americans don’t have.

7. You’re Helping Others Financially Without Jeopardizing Yourself

Strategic giving is a clear signal of financial health. Whether it’s supporting family, donating to causes, or mentoring others in financial literacy, giving back is a sign of an abundance mindset. If you can help others without compromising your own stability, it means you’ve moved beyond survival. Generosity backed by financial strength is one of the clearest signs you’re ahead.

More Than Just Numbers

Being financially ahead isn’t about having the biggest bank account; it’s about control, confidence, and choices. If you recognize yourself in these seven signs, you’re not just surviving, you’re thriving. In today’s environment, that’s a great accomplishment. Being ahead in this way puts you in a position to build, give, and enjoy life on your own terms.

If you’re hitting most of these milestones, let us know how you’ve done it. We would love to celebrate your financial successes with you.

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