Sharing - another money saver

Sharing is something we were taught as kids. It was one way we learned to get along.

But I was never told about how it could also be a way to save money and make my life easier. Well, let's learn about that right now.

I've heard someone say: "Never buy what you can borrow." It's a good idea for those unusual items that you need infrequently, especially if there is good savings to be had with respect to cost and convenience.

I've provided both my backhoe and my operator skills for my friends and neighbors who had to bury 4 horses in the last few years. I'm glad to be able to help them. You just can't bury such a large animal with a shovel.

I bought a dump truck for use around my place, with the idea that it would be useful to my handful of neighbors too. I didn’t use that as an excuse to buy it, but I thought that might be a good spin-off benefit.

So far, I have helped a neighbor get a large load of gravel up from the lower part of his pasture. He wanted to borrow my trailer that would have required unloading by hand. I talked him into using the dump truck instead. He was glad he did. It saved about 6 hours of hard work.

Later that week, he had me come over to get a dump truck filled to the top with manure for my garden. It seems like good trading and sharing arrangement to me - he gets a savings on labor and I get all the manure I want for my gardens.

Another friend had to lay a power line from his house to his entrance gate. I let him borrow my trencher and that got the job done real fast for him. Trenching 150 feet a couple feet deep with a trenching shovel is long and hard work. Having the right machine makes it a breeze.

What other tools could you and your neighbors and friends be sharing to make your lives easier and less costly? Sharing is one of the great ideas for frugal living, and it helps build and solidify relationships.

In many cases, all of this comes quite naturally among friends. It's the concept of "acquire it and they will come" to borrow it. Lend out your things freely to your friends and you'll be welcome to borrow freely from them.

By following this approach, both you and your friends enjoy a savings by avoiding purchases and rentals. And, when it comes time for maintenance and repair of the equipment, you can ask for help and get things done quickly and at little cost.

Done with Sharing, back to Mindset of Frugality

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.