Today’s post is from Carrie at CarefulCents.com. Carrie is a Certified Bookkeeper, Tax Professional and personal finance writer. She loves finding new ways to save money and build wealth. Her goal is to offer careful financial advice that makes cents!
We all know what it feels like to be taken advantage of and it’s a terrible feeling. But I’ll show you ways to take advantage of people the right way, to help save you money, and improve your life. It’s especially important if you’re a single person, to create a network of people you can rely on for help, so you aren’t left carrying your financial burden alone.
I’m not talking about using and abusing people, what I’m talking about is learning another person’s skills and taking advantage of those assets. And in return you can offer your knowledge and talents to give them help they need. Like a bartering system, exchanging goods or services for other goods or services without using money.
My sister is very good at using coupons at pharmacies and grocery stores to get deeply discounted or free items. She has a nice stockpile in her pantry at home for herself and her family. Every now and then when I’m running low on any kind of toiletries or products, I call her up and offer to do some office work, cleaning, or babysitting. My “payment” from her is to go shopping in her pantry closet and choose any item(s) I need. She benefits by getting a babysitter for free and I don’t have to spend my own money on expensive beauty products (plus spending time with my niece and nephew is great).
I have a close friend who is a nurse, so anytime I’m not sure about medication or a doctor’s opinion I’ll pick her brain and see what she knows. In exchange I give her any personal finance or tax advice she needs. It’s a win-win for both of us, taking full advantage of the skills each of us has while helping each other out.
These are just a few examples of how you can use your friends wisely, and learn to take advantage of people the right way. Understanding people in their area of expertise is a smart way to save money while improving your individual relationships.
I learned this method by feeling overly used and stressed out by my friends and family. So I decided to ask for services or goods in return for the help they needed from me. It took all the pressure off, and decreased the strain within the relationship since each person is being responsible and bringing something to the table.
Now more than ever it’s important to save money, live frugally and increase your income as much as possible. Bartering is another tool we can add to this equation, by using time or knowledge as payment it improves your lifestyle and saves you money.
Knowing your friends and families strengths is just as important as knowing their weaknesses. Many people won’t come right out and ask for your help if they don’t have the money to hire you, but everyone loves getting a deal, and that’s just what a bartering system does. It’s profitable for both parties and no one ends up feeling used.
What skills do you have that you can barter for to save yourself time and/or money?