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Thursday, December 21, 2023

The Daily Money: Are more $100,000 vases hiding in America's thrift stores?

With the news that a Virginia woman bought a $3.99 vase at a thrift store and sold it for over $100,000, the question arises: How can I do that?

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Dec 21 2023

 

Daniel de Visé Personal Finance Reporter

Good morning! This is Daniel de Visé with your Daily Money.

With the recent news that a Virginia woman bought a $3.99 vase at a thrift store and sold it for more than $100,000, the question arises: How can I do that?  

The chances of finding that big a score are pretty rare, one professional "thrifter" tells Betty Lin-Fisher, but it is fun trying.

Thrifting is not new, but it has changed in recent years. While people may have once been shy to admit they bought something at a thrift store, the routine has evolved into a trendy thing to do. 

USA TODAY spoke to two professional thrifters for some tips on how to get started thrifting for yourself, if you're interested in becoming a reseller or simply searching for that rare find that you can sell for a lot of money. 

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Half of Americans leave FSA healthcare money on the table. Don't be one of them.

Fabio Camandona, Getty Images/iStockphoto

Many of us leave Flexible Spending Account funds on the table

If you have money sloshing around in a Flexible Spending Account, you may be feeling some pressure to spend it by December 31.

An FSA is a pre-tax fund for healthcare expenses, similar to a Health Savings Account. Industry estimates suggest  more than 70 million Americans have one or the other.

"They're both ways for people to stretch their healthcare spending a little further," said Jake Spiegel, a research associate at the Employee Benefit Research Institute, a nonprofit research firm.

But there is a key difference. HSA money carries over from one year to the next. Most FSA funds do not.

HSAs are paired with health insurance plans and belong to the covered individual, Spiegel said. FSAs, by contrast, are "accounts that don't really exist on paper until the money actually needs to be spent," he said. "They are technically owned by the employer."

At year's end, unused FSA money "technically goes back to the employer," Spiegel said.

Happily, we are here to help you spend your FSA dollars. Here are 10 ideas.

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The Mayor of Flavortown tells Fox News that the only way he will share what he's built with his boys is if they come and take it from him, repeating words once told to him by his father.

"I tell them the same thing my dad told me. My dad says, 'When I die, you can expect that I'm gonna die broke and you're gonna be paying for the funeral,' he says in the clip.

Good to know, Guy!

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Dina Younis is a professional thrifting influencer who operates Dina's Days.

Thrifting is no longer taboo. You can find great things for yourself or maybe even spot a treasure for a big payoff. Here's some tips.

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FILE - Signage for Xfinity, the cable division of Comcast, is displayed in Philadelphia, July 15, 2015. Hackers accessed Xfinity customers' personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week. In a Monday, Dec. 18, 2023, notice to customers, Xfinity said there was unauthorized access to internal systems as a result of this vulnerability — which was previously   announced by software provider Citrix — between Oct. 16 and 19. (AP Photo/Matt Rourke, File) ORG XMIT: NYWS301
 

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There were over 100 canceled flights at Boston Logan International Airport Thursday after the region was blanketed in snow.
 

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To gift, or not to gift? That's the question I'm asking this week.
 

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I've purchased fewer big-ticket gadgets overall this past year and have been pleasantly surprised by some random finds on Amazon.

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