Money – Metro https://metro.co.uk Metro.co.uk: News, Sport, Showbiz, Celebrities from Metro Mon, 09 Oct 2023 09:56:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://metro.co.uk/wp-content/uploads/2020/03/cropped-m-icon-black-9693.png?w=32 Money – Metro https://metro.co.uk 32 32 ‘I thought my old clothes were destined for the charity shop – then I made £1,400 off them’ https://metro.co.uk/2023/10/08/i-made-1423-at-one-car-boot-sale-selling-my-old-clothes-19595559/ https://metro.co.uk/2023/10/08/i-made-1423-at-one-car-boot-sale-selling-my-old-clothes-19595559/#respond Sun, 08 Oct 2023 13:00:00 +0000 https://metro.co.uk/?p=19595559
Elizabeth McCafferty at her market stall, sitting on a chair surrounded by racks and rails of clothes.
I knew I had to simplify my wardrobe (Picture: Elizabeth McCafferty)

Hauling three large laundry bags into an Uber in August, I sat in silence as I contemplated whether this was one of my more stupid ideas.

I didn’t know that I was about to take my first steps in developing a lucrative side hustle.

It all started when I realised I’d become unhappy with my style.

Where detailed vintage beading, embellishment and silk once suited me, I now preferred a cleaner, more tailored look.

That meant I had a lot of beautiful clothes, but I just didn’t wear them enough. And despite my best efforts to sell them on Depop and Vinted, they weren’t shifting.

So I decided to change tack and set up a stall at Hackney Flea Market, one of my favourite places to buy vintage.

But as I looked around at everyone’s perfectly curated vintage wares, imposter syndrome set in. Was my stuff actually any good? I wondered whether it would be obvious that I was indeed selling the pre-loved clothes from my own wardrobe and that I was not in the business of clothing resale.

When I was younger and experimenting with my fashion, I had been more inclined to make quick purchases that I later regretted. The impact that fast fashion has on the environment is devastating and also having to store lots of clothes I don’t wear made me feel ashamed of overconsuming.

So I started shopping second hand as a way to find more unique pieces no one else had – and I also found items to be so much cheaper.

I found original 70s pieces like jumpsuits for a tenner at a car boot or a genuine Burberry coat for £40, leather jackets or vintage New Rock boots. In fact, pretty much my whole wardrobe became filled with second hand or vintage items.

A long, flowing blue dress (with whit buttons and detailing around the torso) on a stand, with white curtains all around and a plant in a pot to its right.
I had a lot of beautiful clothes, but I just didn’t wear them enough (Picture: Elizabeth McCafferty)

But as I got older and my shape changed, my clothes started to fit me less. This was also a turning point in me becoming unhappy with my style. I knew I had to simplify my wardrobe and get rid of items once loved that no longer fitted.

Studies have shown that we need to cut how much we buy by 75% in order to make our wardrobes more sustainable – and that was certainly true in my case.

Like many others, I have been feeling the pinch of the cost of living crisis. My rent has gone up by £50 per month, which has meant I’ve been looking for new sources of income to help me keep afloat. I’m constantly seeing people online selling secondhand clothes as a business and it got me questioning whether this would also work for me too.

I had no luck on the traditional resale platforms and it turns out I’m not alone in that area as a study by Samsung proved that 39% of Brits gave up on selling old clothes, with 55% admitting to throwing them in the bin.

Six wine glasses (with green stems) displayed on assorted tablecloths.
I also had a small amount of home wear which I displayed on the tablecloth (Picture: Elizabeth McCafferty)

In a last ditch attempt, I turned to the brilliant vintage clothing markets near my home in east London.

Clearing more than half my wardrobe into three large laundry bags, like knitted jumpers, leather coats and pretty sheer tops, I photographed all the items I wanted to sell in a professional way and enquired about how I could get my own stall.

A stall at a Hackney Flea market cost me £50 per day and I asked to book two days.

I invested in an £18 clothing rail to display my clothes, spent a further £11.98 on bags and price tags, £8.99 on laundry bags to transport stock and, on top of all that, I also spent £16 on Ubers there and back.

All in all, I was nearly £155 down before I’d even begun.

A cream shearling coat over a black dress on a stand, with assorted curtains/sheets/tablecloths around it/on the floor, and a plant in a pot to its right.
Some said it was one of the nicest collections of clothes they have seen (Picture: Elizabeth McCafferty)

I was really nervous about not making that money back, let alone any extra on my clothes. That feeling only worsened when I noticed how small my collection looked in comparison to the huge rails other sellers had.

Still I persevered. I hung up my clothes and priced them up – my highest cost item was an embellished leather jacket that was £130 and my cheapest item was £5. I tried to make sure I priced things so that it was accessible to all.

I also had a really small amount of home wear, which I displayed on the tablecloth.

Once the doors opened, my worries eased. There were more people at my stall than I could count and some said it was one of the nicest collections of clothes they have seen.

I realised that, because my wardrobe was so carefully curated, it actually made my stall quite niche.

Three pieces of assorted glassware in different colours displayed on assorted tablecloths (yellow/cream).
Most people asked when I’d be selling again (Picture: Elizabeth McCafferty)

It was quite overwhelming watching clothes I could remember wearing over 10 years ago go to someone else. But after a couple of hours it was actually really fun and I was happy they’d be loved and worn more than they had been for years.

Of course, there were moments when people would take my clothes off to the bathrooms to try them on, which made me nervous as it was hard to keep track of who had what, but everything came back and there was no trouble.

On the second day, another seller came and asked me if I was ‘mainly selling bric a brac’. I tried not to be oversensitive but it felt like a dig at the quality of my items.

But most people asked when I’d be selling again or what other markets I traded at.

By the end of the two days, I was ecstatic with how much I’d made – £1,423.50 in total.

Would you ever start a market stall? Have your say in the comments belowComment Now

I didn’t have many clothes left to sell, but it didn’t take long to decide to make this into a side hustle. In my normal creative work, I’d struggle to make this sort of money so quickly.

I re-invested £300 back into the new business and called my stall ‘Three Bags Full’ – mainly because I can’t store any more than three bags in my flat, but it also helps to keep my stock carefully and individually selected.

Now I have been restocking my bags with newly-bought second-hand items that I’ve found with the intention of selling and not wearing.

Getting rid of things from my wardrobe has really helped re-evaluate my relationship to consumerism. For me, the simpler my wardrobe the better now.

For anyone considering whether to start a market stall, my advice would be to do one and see what happens. I didn’t expect so much good to come out of it in terms of financial help and it’s really boosted my confidence.

I haven’t confirmed my next market yet as stalls are so busy over Christmas I can’t get a slot this last minute – but I can’t wait to get back there.

Do you have a story you’d like to share? Get in touch by emailing jess.austin@metro.co.uk

Share your views in the comments below.

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American living in London breaks down food prices in the UK and US – and apparently things could be worse https://metro.co.uk/2023/10/05/woman-compares-uk-and-us-food-prices-and-apparently-things-could-be-worse-19605793/ https://metro.co.uk/2023/10/05/woman-compares-uk-and-us-food-prices-and-apparently-things-could-be-worse-19605793/#respond Thu, 05 Oct 2023 07:44:31 +0000 https://metro.co.uk/?p=19605793
Woman compares UK and US food prices – and apparently things could be worse
Abigael moved from Colorado, US, to England (Picture: TikTok/Abigael Lanai)

Even if it feels like life in Britain is becoming less and less affordable with each day that passes, it’s worth remembering (even if just for your sanity) that things could be worse.

Rapidly rising food costs are an area of concern for many households in the UK, with the price of some weekly shop staples almost tripling over the last two years.

While it’s likely scant comfort to those struggling, it may surprise you to learn that those living across the pond actually spend more on buying the same items.

After Abigael Lanai moved to London from Colorado, US, she posted a TikTok explaining that ‘cheap groceries’ were one of the things she liked most about her new home.

‘Are we living in the same England?’ joked one bemused commenter, which prompted Abigael to compare prices of a selection of everyday essentials in each country.

She clarified first that the supermarkets featured were two she had frequented personally – Sainsbury’s here and King Super’s in Colorado – so there would be variations depending on where you live and shop.

Woman Breaks Down Price Difference Of Food Between UK And US
Apples were less than a third of the price here (Picture: TikTok/Abigael Lanai)

Getting down to the numbers, Abigael went on to analyse a four-litre bottle of milk. In the US, this would set you back $2.49, while in the UK it was priced at £1.65 (roughly $2).

‘That’s 50 cents or 40p more for the exact same item,’ commented the nurse and vlogger.

Next up was apples, coming in at up to 95 cents (79p) each over the Atlantic or 25p on the Sainsbury’s website, meaning Americans are paying more than triple what Brits are for the fruit.

Woman Breaks Down Price Difference Of Food Between UK And US
Beef was also much more expensive in the States (Picture: TikTok/Abigael Lanai)

One of the biggest differences shown in the video was beef mince. As Abigael explained, a 500g packet of mince costs £1.99 (the equivalent of around $2.40), while at King Super’s you’re looking at $5.49 for the same amount.

Carrots, meanwhile, are 50p (60 cents) per kilo here or $1.99 for 2.2lbs in the States: an expensive place to be a bunny rabbit owner.

In the comments, a number of people pointed out that there were some caveats to Abigael’s experiment.

One user said they were ‘shocked at how much cheaper’ the UK was when they lived here in 2017, adding: ‘Restaurants seemed more expensive, though.’

‘Depending on where you live in the US, you may have to pay sales tax also,’ said another. ‘7% sales tax on groceries in my state!’

Others highlighted the fact the average wage in Britain is much lower than in the US, and as a result people would have more money to spend despite higher food prices.

‘That definitely plays a role,’ Abigael added.

‘But for my family in particular, we went from being a two-income household because I was working full-time, to being a one-income household. And my husband makes the same amount, so his money goes a lot further here.’

Metro.co.uk tests the theory

We did our own comparison to see if Abigael’s calculations stacked up, using prices from Walmart in the US and Asda here in the UK. We analysed some of the most common items in a weekly shopping, looking for equivalent items where possible (such as value ranges and package sizes) and going by the current exchange rate via Forbes.

Semi-skimmed milk 128floz/6 pint

US: $3.20 (£2.64)

UK: £2.15

White bread – 20oz/566g loaf

US: $1.46 (£1.20)

UK: 75p

Large eggs – 12

US: $1.77 (£1.46)

UK: £2.95

Salted butter – 16oz/500g

US: $3.78 (£3.11)

UK: £3.75

Kellogg’s Corn Flakes – 18oz/720g

US: $5.48 (£4.51)

UK: £3.29

Grated cheddar cheese 16oz/500g

US: $2.22 (£1.83)

UK: £2.80

Penne pasta16oz/500g

US: $1.18 (96p)

UK: 75p

Long grain rice – 16oz/500g

US: 97¢ (80p)

UK: £1.25

Banana – each

US: 27¢ (22p)

UK: 16p

Seedless green grapes – 2lb/1kg

US: $6.48 (£5.34)

UK: £3.47

Potatoes – 5lb/2.5kg

US: $3.87 (£3.19)

UK: £1.29

Red onion – each

US: 94¢ (77p)

UK: 34p

Bacon – 16oz/500g

US: $6.16 (£5.08)

UK: £3.50

Chicken breasts – pack of 8

US: $15.18 (£12.52)

UK: £12.58

The final score: 11 items were cheaper here in the UK, while three were less in the US. Considering some states also impose sales tax on top of the prices shown, that’s a surefire win for British shoppers.

Do you have a story to share?

Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.

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These are the best and worst jobs for getting a pay rise https://metro.co.uk/2023/10/03/these-are-the-best-and-worst-jobs-for-a-pay-rise-right-now-19597272/ https://metro.co.uk/2023/10/03/these-are-the-best-and-worst-jobs-for-a-pay-rise-right-now-19597272/#respond Tue, 03 Oct 2023 13:41:45 +0000 https://metro.co.uk/?p=19597272
Businesspeople standing on painted bar chart graph on asphalt
Lower earners are seeing bigger jumps (Picture: Getty Images)

With prices of everything from property to the weekly shop skyrocketing, many of us will be looking for a pay rise in the near future.

In some professions, however, the potential for a decent salary bump that matches inflation is somewhat limited.

According to new data by RIFT, certain jobs are likely to see big pay rises over the coming year – and they’re probably not the ones you’d expect.

The tax refund service analysed ONS earnings figures across different industries in the UK from 2021 onwards, using trends to predict future increases and decreases.

The highest earners all-round were (unsurprisingly) chief executives and senior officials with an average salary of £109,937, while cleaners came in bottom at £11,628.

Among the employees who made most were those in marketing, finance and information technology directors, medical practitioners, pilots and headteachers, with the worst-paid including kitchen assistants, retail cashiers, waiters and waitresses, bar staff, playworkers and lollipop men.

Male bartender drying glasses with a cloth behind the bar
Bar staff are among those set to see a rise (Picture: Getty Images)

In the research, RIFT found that over 60 professions had seen wages drop in recent years, yet those on the lower end of the scale were often better off on an annual basis.

Authors, writers and translators saw the largest salary reduction of all, falling by 17.6% when compared to the previous year – a cut of over £6,000. Managers within the creative industries also saw a hefty drop of 17.1%, taking their yearly wage from £48,438 to £40,170.

Actuaries, economists and statisticians were third, taking a pay cut of 15.2% or £8,670, followed by travel agent owners and managers, insurance underwriters, and legal professionals.

The jobs that took the biggest pay cuts

  1. Authors, writers and translators -17.6%
    • Average pay: £28,375, down £6,054 on 2021
  2. Managers and directors in the creative industries -17.1%
    • Average pay: £40,170, down £8,268 on 2021
  3. Actuaries, economists and statisticians -15.2%
    • Average pay: £48,188, down £8,670 on 2021
  4. Travel agency managers and proprietors -13%
    • Average pay: £27,144, down £4,070 on 2021
  5. Insurance underwriters -11.9%
    • Average pay: £39,630, down £5,334 on 2021
  6. Legal professionals -10.5%
    • Average pay: £53,195, down £5,610 on 2021
  7. Probation officers -10.1%
    • Average pay: £29,103, down £3,255 on 2021
  8. Generalist medical practitioners -9.6%
    • Average pay: £44,768, down £4,729 on 2021
  9. Horticultural trades -9.4%
    • Average pay: £19,682, down £2,054 on 2021
  10. Dental practitioners -9%
    • Average pay: £36,122, down £3,564 on 2021
  11. Health associate professionals -9%
    • Average pay: £18,871, down £1,859 on 2021
  12. Newspaper and periodical editors -8.8%
    • Average pay: £39,529, down £3,793 on 2021
  13. Window cleaners -8.5%
    • Average pay: £19,415, down £1,801 on 2021
  14. Quality and Regulatory Professionals -8.3%
    • Average pay: £44,653, down £4,038 on 2021
  15. Shopkeepers and Sales Supervisors -8.3%
    • Average pay: £24,935, down £2,252 on 2021

On the opposite side, the workers set to see their bank balances grow most over the cost of living crisis were found to be hairdressers. Salon owners’ salaries grew 42.2% in a single year – a rise of almost £8,500 – so it may be worth dusting off your clippers if you want the opportunity to grow your income.

Bar staff have also seen one of the highest pay rises while pulling pints, earning 29.7% more on an annual basis (£2,025) and coming in second place in the ranking.

If you’re after the best of both worlds, not only do information and technology directors earn one of the highest salaries at £80,142, but they’ve also enjoyed a 27% pay rise year on year – the third highest of all occupations. 

Other roles where pay rises have been abundant include glass makers (+26.6%), sports coaches (+25.9%), barristers (+25.6%), youth workers (+25.5%), health care managers (+24.2%), beauticians (+23.6%) and travel agents (+22.1%).

The jobs with the biggest pay increases

  1. Hairdressing and beauty salon managers and proprietors +42.2%
    • Average pay: £28,547, up £8,476 on 2021
  2. Bar staff +29.7%
    • Average pay: £8,845, up £2,025 on 2021
  3. Information technology directors +27%
    • Average pay: £80,142, up £17,062 on 2021
  4. Glass and ceramics makers, decorators and finishers
    +26.6%
    • Average pay: £27,317, up £5,736 on 2021
  5. Sports coaches, instructors and officials +25.9%
    • Average pay: £15,429, up £3,171 on 2021
  6. Barristers and judges +25.6%
    • Average pay: £51,418, up £10,482 on 2021
  7. Youth work professionals +25.5%
    • Average pay: £34,655, up £7,034 on 2021
  8. Managers and Proprietors in Health and Care Services +24.2%
    • Average pay: £43,735, up £8,516 on 2021
  9. Beauticians and related occupations +23.6%
    • Average pay: £13,606, up £2,594 on 2021
  10. Travel agents +22.1%
    • Average pay: £25,142, up £4,558 on 2021
  11. Security system installers and repairers +22.1%
    • Average pay: £33,703, up £6,092 on 2021
  12. Midwifery nurses +21.9%
    • Average pay: £30,239, up £5,423 on 2021
  13. Bar and catering supervisors +21.6%
    • Average pay: £17,365, up £3,080 on 2021
  14. Elementary sales occupations +19.7%
    • Average pay: £17,897, up £2,948 on 2021
  15. Teachers of English as a foreign language +19.7%
    • Average pay: £26,621, up £4,383 on 2021

Commenting on the findings, Bradley Post, MD of RIFT, said: ‘It continues to be an incredibly tough time for many where our household finances are concerned and with the dark clouds of economic uncertainty yet to lift, the last thing anyone needs is for their income to take a hit. 

‘Unfortunately, the figures show that many professions have seen a reduction in earnings, from crane drivers to dentists, bakers to engineers. 

‘However, this isn’t the case across the board and there are actually more professions who have enjoyed a boost to their pay packet when compared to the previous year. 

‘Of course, it’s unlikely that you would leave a higher paid job for a sector enjoying positive pay growth, but if you are working in a profession that has seen a reduction in earnings, it might be worth discussing a pay rise in 2023.’

Keep in mind, too, that these are averages. Regardless of the industry you’re in, don’t rule yourself out, build on your skills, and seek progression where you can.

Do you have a story to share?

Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.

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