Three Ways to Use Sharing as a Money Saving Strategy

Sharing as a Savings Strategy

Sharing as a Savings Strategy

During tough times people tend to turn to one another for shopping hints and tips. Surprisingly, many more people are finding that saving money and sharing often go hand in hand.  Frugal living is a great way to avoid spending top dollar on merchandise, while still addressing your needs.

Coupon Swaps

For example, many stores and communities have set up coupon swaps, where people bring unwanted coupons and swap them out for other coupons. This helps all the way around, and people can get rid of unwanted coupons in order to get what they need.

Swap Meets

Sharing Can Save You Money

Swap meets are becoming popular in many communities as a way of saving and sharing with others. Have an old vacuum that has been sitting around for a while? Try trading it with someone who needs a vacuum, but wants to get rid of dog food. Then the cost of dog food is lowered, and someone gets a much needed appliance.

Sharing Your Time

How to Save Money by Giving Your Time

A novel way of saving and sharing work, is to run errands for someone in exchange for coupons or merchandise. Many people are physically unable to do things like mow the grass or go to the grocery store. However, they may not be able to afford to hire someone to do it for them.

Set up an exchange of work for goods or coupons, and this provides a much needed community service and can be a source of bargain merchandise or items. Set the rules up front, so that everyone is on the same page about the trade.

Resources

  • Rehash – This site aims to take local clothing swap parties global through the web.
  • Swap Style – A site dedicated exclusively to swapping clothing and fashion items with other members.
  • Swap.com – Swap.com is probably the most well known of the swap sites.  They offer potential “swappers” a marketplace to trade across all categories.
  • Swap Mamas – This site was started to help moms all over the world to empower one another by swapping things that they no longer need.

Final Thoughts on Sharing to Save

As with anything online when it comes to sharing and swapping you should always exercise your best judgment.  Be careful about sharing your personal information with strangers and remember that if it sounds too good to be true, then it probably is.

We hope this helps you stretch your budget even further and would love to know what you think.  Is sharing a strategy that you’ve used or would consider using as a savings tool?  Alternatively, are there ideas that we didn’t cover that could also go a long way towards saving money by sharing?  Drop us a comment and let us know!

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Filed under Saving Money Now Series, savings

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