MAKE YOUR OWN SHARING ECONOMY
From Airbnb to Uber, the "sharing economy" is a hot topic. Although much of the attention is on networks of strangers renting residences and rides, there's more than one way to save money by sharing goods and services. Consumers can tap into neighborhood groups, family, and friends to reduce the costs of all kinds of products.
Successful collaborative consumption requires a clear understanding about the details of the arrangement. Where will the shared item be stored? Who's responsible for maintenance? What about insurance and liability? You may decide casual, over-the-fence conversations are enough, but sometimes a more detailed agreement makes sense. Simple contracts freely available online can help define the terms of the collaboration.
Cheapism rounded up a robust set of goods and services that can be shared for savings all around. The possibilities are endless, but this should help jumpstart your frugal imagination.