Trading - an alternative to spending

Local trading papers will have ads that people place when they are interested in making an exchange with someone. It might be an exchange that involves a service, product or other resource.

It might be a like swap, or it could be an exchange of different things like a product for a service. Or a resource for a product.

It's an idea to consider because it's a good alternative to spending money. Anytime there's an alternative to that, I'm all ears.

Essentially, instead of putting more money into things that you own, you simply exchange one of your unused assets for another asset that you're going to use. In doing so, you use the same asset pool instead of sinking more money into additional assets.

If you're interested, you can also post an ad for items you are willing to swap. The idea is that you get rid of something you don’t want in exchange for something you do want. Isn’t that a thrifty way of getting something? And, it can all be done without money changing hands. This is another idea for frugal living that is hard to beat.

Talk to your neighbors about trading. Tell them what you're looking for. If you know of someone that has a knack for finding things, then let them know what you are willing to swap for. Before long, you'll have a lead on an item, so be ready to see if there is something that the other party would like to have in exchange.

For the skilled individual, you can exchange your services for material goods and resources. Instead of spending money, you spend your time. If you have time to spend and a special skill, this might be an appealing way to save money.

Done with Trading, 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.