Share and share alike
Get creative with your saving by exploring the many shared services available online.
From the very first days of human society people made their lives easier and more affordable by sharing. Fortunately for today’s society, which for several decades has leant towards individual ownership of everything, the internet has encouraged a whole new brand of sharing. Some call it ‘peer-to-peer sharing’, some call it ‘collaborative consumption’. No matter what you call it, it’s good for your hip pocket.
Who needs a second car, for instance, when there are a range of car sharing services which cost from $5.69 to $13.90 per hour to hire a car in the capital cities. Similarly, if you’re travelling on your own, as a couple or especially with children then you’ll know how difficult it can be to find a spacious, comfortable hotel room at an attractive price. Why not hop on to one of several websites such as couchsurfing.org or airbnb.com, which allows people to rent out their own homes and apartments and even spare rooms, and see what you can save. Be sure to contact previous guests to make sure you’re getting what you expect, though.
Another recent development thanks to online technology is babysitting clubs. Take the guesswork and some of the expense out of organising a babysitter by setting up your very own network of trusted babysitters via a site such as mybabysitterclub.com.au.
Boaties now have far more affordable ways to join forces for ownership of a boat via such sites as boatshareaustralia.com, which offers 10% or 20% shares for 34 or 68 days on the water each year.
If you consider purchasing a holiday house with somebody else or with a group then seek financial and legal advice before doing so. But other infrequently used items such as trailers, caravans, lawnmowers, edge cutters, jackhammers, nail guns and even specific jobs such as car washing, gardening and painting can all be shared amongst family members, friends or neighbours far more easily. It just takes a creative and friendly person to get people organised.
The idea of sharing between households or between Community members is nothing new, but these days it’s a lot easier and often more professional and transparent thanks to the internet. Do it right and it can make a real difference to your family’s bottom line, and to the environment. Being a successful saver and budgeting for your future is far easier with such creative solutions in place.
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Important information:The Money Edge is an Authorised Representative of Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. ‘Count’ and Count Wealth Accountants® are trading names of Count. Count advisers are authorised representatives of Count. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Information in this document is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document. This document is not advice and provides information only. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.