Sharing Is Good. But Did You Know That It Can Also Make You Money? Here’s How!

Car In Traffic - by Highways Agency

It’s no secret that we live in a society where material objects go some way towards defining our status in the world. For instance, if you drove a Ferrari, people would think you are rich – as opposed to someone driving a Ford Fiesta.

Another accepted fact is that the UK, along with the rest of the world, is still in an economic rebuilding process. That means even the wealthy have to cut costs to survive in today’s harsh world.

One of the most common ways to save money is to share stuff. But, did you know that sharing stuff you own can also make you some money too? If you are looking for creative ways to increase your income, this blog post is for you! Here are a few examples of how you can make money by sharing stuff you own:

Driveway space

Let’s say that your house has got enough space for two or three cars to park on the driveway. Of course, your car takes up one of those spaces. So, what should you do with the other two spaces?

Believe it or not, it’s possible to make some spare cash by hiring out your spare driveway space! People that commute to work by train, for example, have a tough time finding parking spaces at the rail station car park. If you happen to live a short walking distance from a busy train station, you can cash in on this problem!

Websites like let you advertise your driveway space online. People can book the use of your driveway, and you can just sit back and watch the cash roll in without having to do a thing!

Car sharing

OK, so you’re making some money by renting out your spare driveway space. If you seldom drive your car, you might have thought about selling it. The thing is; cars offer a lot of convenience and comfort that public transport cannot.

Instead of letting your car sit on the driveway most of the time, did you know that you can also hire it out to people? Car sharing is popular over in the United States and is something that is getting popular here in the UK too.

People can hire your car for a few hours or even a few days if they wish. There are plenty of car sharing websites that help you to hire out your vehicle. These sites also take care of payment and insurance for added peace of mind.

It also benefits renters too because conventional car hire firms charge a lot of money!

Spare room

One popular way that householders can make extra cash is to rent out any spare rooms in their homes. Apart from the obvious financial benefits, it’s also a great way to make new friends.

If you have more than one spare room in your home, you have more earning potential. Just make sure you interview any new tenants before you let them move in. After all, you have to get on with them!

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Poppy loves personal finance almost as much as she loves her two cats, Tif and Taz.