Skip to: Content
Skip to: Site Navigation
Skip to: Search


The Simple Dollar

Share little-used equipment with friends and neighbors; save money

Many of us have peices of equipment, like printers and gardening tools, that are helpful to have around but not used very often. Why not save a little money by splitting the cost and use of those items with someone else?

By Guest blogger / October 27, 2012

A lawnmower is a necessary tool, but most people don't use it every day. Hamm suggests splitting the cost and use with a neighbor.

Melanie Stetson Freeman/Staff/File

Enlarge

There are a lot of pieces of equipment that are useful to have around, but that you don’t use very often.

Skip to next paragraph

The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds – we just want simple ways to manage our finances and save a little money.

Recent posts

Gardening equipment is a great example of this. Most of the gardening tools we have simply aren’t used all that often. They sit in the garage for the vast majority of the year, coming out mostly in spring and intermittently in the summer and fall.

Another great example is our home printer/scanner. We use it once every few weeks on average. Most of the time, it sits in the guest bedroom gathering dust.

When we need those things, we’re glad to have them. Most of the time, they just sit there.

The same phenomenon is true of almost everyone. We all have tools and equipment in our home that we don’t use very often, but we really need it when the right time comes around.

During the time when you’re not using it, why not share it with friends and neighbors?

This is particularly useful if you live close to the person you’re sharing with. For example, sharing gardening equipment with the person next door makes it very easy for both of you. One of you buys a hoe, a rake, and a shovel, while the other buys a miniature tiller, and you share the equipment freely, saving you both money.

I’ve witnessed close neighbors sharing everything from printers and wireless internet access (yes, they split the cost of it, and one house simply had a wireless repeater in it on the wall closest to the neighbor) to kitchen tools (a food processor) and yard tools. People have shared things like septic snakes, clotheslines, and coin sorters.

What’s the best way to get things started? Ask. Ask a friend or a neighbor if they have an item that you need but will use very irregularly. Most of the time, it’s an item they use very irregularly, too, and they’ll usually be happy to lend it.

When you do so, thank them and make it very clear that they can do the same with you – if they have a need and think you might be able to help, they should just ask.

When you hear of a neighbor or a friend needing something, offer to lend the item. This gets the sharing started on the right foot.

What if you both have a need that neither of you can fulfill? Split the cost somehow. Perhaps one neighbor can provide a small amount toward the purchase in exchange for regular use of the item (until you move apart, that is), which could be a very nice arrangement on something like a new gardening tool. I’d probably avoid this on a more expensive item.

Share with your neighbors and friends. It saves you both money.

This post is part of a yearlong series called “365 Ways to Live Cheap (Revisited),” in which I’m revisiting the entries from my book “365 Ways to Live Cheap,” which is available at Amazon and at bookstores everywhere. 

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on www.thesimpledollar.com.

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer

 

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!