One of the most important things to scrappers is making money. The more knowledge and resources you have for scrapping, the more money you can make. Knowing when to strip copper wire loads or how to take apart computers are all useful steps to making more money.
What happens after you make the extra money?
After scrappers make money scrapping, often times they will just pocket it or pay bills with it. Getting smart with your scrap profits can help your family and your wallet in the long run. If you create a plan to divide your earnings to go towards certain savings, you can start making even more money from scrapping. Here are some examples of projects you can start saving for with your scrapping money, that can make you even more money.
– New Tools: Scrappers are always relying on their tools and making their scrapping easier. Some of the necessary tools to get work done can be expensive, like a sawzall below. The price range for power tools like that can be anywhere from $100 to $500. Instead of overwhelming yourself with the price, you can begin with putting a percentage of you scrap load earning every visit to the yard. If you average $100 trip every to the yard every two weeks and put away 20% of your earnings towards a new tool every time you can have a new tool within 4 months!