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7 Things You Should Rent Instead of Buy

7 Things You Should Rent Instead of Buy

The economic pressures we all face are becoming more apparent with more people looking at short-term rental options to cut the cost of purchasing an item they may not need to use often enough to justify the cost. The Huffington Post reports that this new trend has a ton of benefits – from saving money, to promoting sustainable practices.

According to Good Housekeeping ,making new products uses a huge amount of energy and resources; from petroleum products to wood, rubber, metals, minerals and more.

Continually buying new products that you only use occasionally takes up precious space in your home, contributing to clutter and the stress of having to maintain the product.

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According to One Green Planet, it is better for the environment to rent instead of buying whenever possible. People should always be encouraged to reuse or repurpose items to ensure a greener planet.

Here are 7 items you should rent instead of buying:

1. Tools

Most of us need some pretty basic tools for quick fix jobs around the house but do you really need a full shed of power tools you never use?

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According to Yahoo Finance the Home Depot rents out a variety of tools for the occasional home repair or maintenance project. For instance, I can rent a 20-inch gas chainsaw from my local Home Depot for $63 a day — a good value, considering that buying one from the store can cost from about $200 to $570.

United Rentals also has over 40,000 pieces of equipment available for rent so be sure to check them out if you are looking for something in particular.

2. Video Games

Not only do video games cost an arm and a leg they also cause clutter and take up space in your home. Rather than owning a million games you never play, it may be more cost effective just to rent the ones you will play. Check out sites like GameFly or Gamerang to rent video games. The service is similar to Netflix and the companies offer large libraries of games to choose from.

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3. Parking Spaces

Driving into work everyday can become a massive hassle if you are continuously needing to find a park or paying for expensive garage parking. Did you know that people rent out car spaces they don’t need to use in your city? Check out sites like ParkAtMyHouse or Parking Panda to see a full list of rentable parking spaces available saving you precious time and money.

4. Dresses and Formal Wear

You need an expensive designer dress for a fancy party but can’t really afford to buy one? Lucky for you there are now many online renting sites catering the need for short-term formal wear. Sites like Rent the Runway allow users to borrow dresses for 3-5 days for as little as 10% of the retail value. They even send two sizes in case the first doesn’t fit. Lending Luxury also rents out dresses and accessories by top designers, many for 90% off the retail price.

5. Textbooks

The expense of buying textbooks you use for one semester is pretty outstanding, especially when money is already hard to come by. Fortunately there are websites like Craigslist where you may be able to find cheaper second hand books. Alternatively you can rent textbooks for a cheap price from Chegg.com. According to Good Housekeeping, the service is quick and simple, and boasts free shipping on returning books. Plus, Chegg plants a tree for every book users rent, sell or buy. So far more than one million have been planted! Rental costs on Chegg range from about 10% of list price to about 30%.

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6. Sports and Fitness Equipment

We all know someone who has an entire room of fitness equipment – a treadmill, a cross-trainer, some expensive weight machine…and they never use it. They may have purchased the items with good intentions on getting fit and healthy but just didn’t find the motivation to keep up with it.

The best scenario here would have been to rent the item rather than buy it. According to Good Housekeeping it is not a bad idea to try before you buy, to make sure you really want to pursue an activity before you invest hundreds of dollars in it.

Check out your local Yellow Pages for great fitness equipment rental suppliers.

7. Camping Gear

Although we wish everyday was a holiday, this unfortunately isn’t so. You may want to go camping with the family a few times a year, but before you spend hundreds of dollars on camping equipment, check out your local camping shop to see if they offer rentals as many now do. Websites like Eastern Mountain Sports  or Rent Your Tent also offer good rental deals for camping equipments that won’t leave you high and dry.

Featured photo credit: Janne Hellsten via flickr.com

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Last Updated on June 20, 2019

50 Businesses You Can Start In Your Spare Time

50 Businesses You Can Start In Your Spare Time

Most people want a few more dollars in their wallets. But between an employer and family, the time most of us can devote to a second job is severely limited. Running a small side business can provide a few more options: you don’t have to show up at a set time and you can use skills you already have. Not all will be perfect for everyone, of course, and I’m sure that you’ll have a few ideas of your own after reading this list. If you’d like to share any other business ideas, please add them in the comments.

  1. Selling collectibles — From antique books to teddy bears, there are plenty of opportunities to buy and sell collectibles. It’s important to familiarize yourself with the collectible of your choice but if you choose something that you’ve been collecting for a while, you’ve got a head start.
  2. Locating apartments — It can take time to sort through apartment listings, but you can make some money by finding the perfect apartment for a renter.
  3. Baby proofing — New parents often prefer to bring in an expert to make sure their home is safe for a new baby.
  4. Calligraphic writing — If you’ve got elegant handwriting, you can pick up gigs writing or addressing wedding invitations, holiday cards and more.
  5. Selling coupons — Search on eBay for coupons right now and you’ll see thousands of listings for coupons. It’s just a matter of clipping and listing what you find in your Sunday newspaper.
  6. Pet training — A surprising number of people don’t know where to start in training a pet. Even teaching Rover simple commands like ‘Sit’ and ‘Stay’ can bring in a few dollars.
  7. Running errands — A wide variety of people want to outsource their errands, from those folks who aren’t able to leave their homes easily to those who have a busy schedule.
  8. Researching family trees — Amateur genealogists often call in experts, especially to handle research that has to be done in person in a far off place. If you’re willing to go to a local church and copy a few records, you can handle many family tree research requests.
  9. Supplying firewood — The prerequisite for selling firewood is having a source of wood; if you’ve got some land where you can cut down a few trees, you’ve got a head start.
  10. Hauling — As more people trade in their SUVs for compact cars, hauling is becoming more important: people have to rent a truck or hire a hauler for even small loads.
  11. Image consulting — Image consultants provide a wide variety of services, ranging from offering advice on appearance to teaching etiquette.
  12. Menu planning — For many people, the trip up in eating home-cooked or healthy meals is knowing what to prepare. Meal planners set a schedule to solve certain dietary problems.
  13. Microfarming — Cultivating food and flowers on small plots of land allows you to sell produce easily.
  14. Offering notary public services — Notary publics can witness and authenticate documents: a service needed for all sorts of official documents.
  15. Teaching music — If you’re skilled with a musical instrument, you can earn money by offering lessons.
  16. Mystery shopping — Mystery shoppers check the conditions and service at a store and report back to the store’s higher-ups.
  17. Offering research services — Just by reading up on a topic and compiling a report on it can earn you money.
  18. Personal shopping — Personal shoppers typically select gifts, apparel and other products for clients, helping them save time.
  19. Pet breeding — Purebred pets can be quite value, especially if you can verify their pedigree.
  20. Removing snow — During the winter months, shoveling walks can still be a reliable way to earn money. You might be asked to take care of the driveway too.
  21. Utility auditing — As people become environmentally-concious, they want to know just how efficient their homes are. With some simple testing, you can tell them.
  22. Offering web hosting services — Providing server space can be lucrative, particularly if you can provide tech support to your clients.
  23. Cutting lawns — An old standby, cutting lawns and other landscaping services can provide a second income in the summer.
  24. Auctioning items on eBay — Want to get rid of all your old stuff? Stick it up on eBay and auction it off.
  25. Babysitting — Child care of all kinds, from babysitting to nannying, can offer constant opportunities.
  26. Freelance writing — If you’ve got the skills to write clearly, you can sell your pen for everything from blogs to advertising copy.
  27. Selling blog and website themes — Do a little designing on the side? Customers that don’t want to pay full price for a website will often pay for a template or theme.
  28. Offering computer help — Particularly with people new to computers, you can earn money by providing in-home computer help.
  29. Designing websites — It may require a little skilled effort, but designing websites remains a reliable source of income.
  30. Selling stock photography — For shutterbugs, an easy way to put a photography collection to work is to post it to a stock photography site.
  31. Freelance designing — Check with local businesses: you can provide brochures, business cards and other design work and get paid a good fee.
  32. Tutoring — Math and languages reamin the easiest subjects to find tutoring gigs for, but there is demand for other fields as well.
  33. Housesitting / petsitting — Stopping in to check on a house or pet can earn you some money, and maybe even a place to stay.
  34. Building niche websites — If you can put together a site on a very specific topic, you can put targeted ads on it and make money quickly.
  35. Translating — The variety of translating work available is huge: written word, on the spot and more is easy to find even on a part-time basis.
  36. Creating custom crafts — No matter what kind of crafts you make, there’s likely a market for it. Etsy remains one of the easiest places to sell crafts.
  37. Setting up a wi-fi hotspot — With a little bit of equipment, you can set up a wi-fi hotspot and charge your neighbors for the access they’ve been ‘borrowing.’
  38. Selling an e-book — You can write an e-book about almost anything and put it up for sale online.
  39. Affiliate marketing — If you’re willing to market other companies’ products, you can earn a cut of the sales.
  40. Renting out your spare room — From looking for a long-term roommate to listing your guest room on couch surfing sites, that spare room can make you money.
  41. Offering handy man services — Handling small household tasks can provide you with plenty of work, although you’ll probably be expected to have your own tools.
  42. Teaching an online class — Share your expertise through a website, an online seminar or variety of other methods.
  43. Building furniture — For those with the skill to create handmade furniture, selling their creations is often just a matter of advertising.
  44. Providing personal chef services — Personal chefs prepare meals ahead of time for customers, leaving their customers with a full freezer and no mess.
  45. Event planning — From planning corporate events to bar mitzvahs, an event planning business can require plenty of work and offer plenty of pay.
  46. Installing home safety products — Particularly as Baby Boomers age, people able to install handrails and other home safety products are in demand.
  47. Altering / tailoring — If your sewing skills are up to par, altering garments is coming back as people try to stretch more wear out of their clothing.
  48. Offering in-home beauty services — Hair cuts, makeup and other beauty services that can be performed at home have a growing demand.
  49. Business coaching — Helping others to establish and develop their businesses can provide many opportunities to earn money.
  50. Writing resumes — Writing resumes can provide a reliable income, especially if you can put a polish on a client’s credentials.

There are plenty of offers that claim to provide you with the opportunity to make thousands of dollars a week. Unfortunately, none of these businesses will provide that sort of income, but they aren’t scams either. They were chosen because they all require a minimum investment to get started — some require nothing more than a flyer advertising your business. Even better, if you do enjoy any of these businesses, there is a potential with most of them to continue to expand — perhaps even to the point of going full time.

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Featured photo credit: Omar Prestwich via unsplash.com

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