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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?

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Melanie Stetson Freeman/Staff/File
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.

There are a lot of pieces of equipment that are useful to have around, but that you don鈥檛 use very often.

Gardening equipment is a great example of this. Most of the gardening tools we have simply aren鈥檛 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鈥檙e 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鈥檛 use very often, but we really need it when the right time comes around.

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

This is particularly useful if聽you live close to the person you鈥檙e sharing with.聽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鈥檝e 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鈥檚 the best way to get things started?聽Ask.聽Ask a friend or a neighbor if they have an item that you need but will use very irregularly. Most of the time, it鈥檚 an item they use very irregularly, too, and they鈥檒l 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 鈥 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,聽offer to lend the item.聽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鈥檇 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 鈥365 Ways to Live Cheap (Revisited),鈥 in which I鈥檓 revisiting the entries from my book 鈥365 Ways to Live Cheap,鈥 which is available聽at Amazon聽and at bookstores everywhere.聽

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