One of the trends that is gaining popularity right now in the world of frugal living and personal finance is bartering. Bartering can be a useful way to effect an exchange without using money. Instead, you offer goods and/or services in exchange for something that you need. While bartering can help you save money, it is important to realize that it will take up some of your time.
Time is money
One of the most important considerations when bartering is the fact that finding someone who needs your goods and/or services — and is willing to provide an equitable exchange for something you need — takes time. It is time consuming (and can be frustrating) to go through the whole bartering process. Additionally, if you are offering a service, you have to decide if the time you are investing provides a good return.
Time is money. Think of the time you spend bartering, and consider how much you could have made if you had engaged in money producing activities? Could you have made more money than what you have saved by going through the bartering process?
Of course, money isn’t everything. Many people enjoy bartering, and it isn’t just about the monetary value. Additionally, if you barter something that allows you to spend more time with loved ones, many people find that a fair trade.
No matter your reasons for bartering, it can be a worthwhile way to save money and meet other people. However, it is a good idea to examine the reasons you are engaging in bartering. Just because you get something without paying money for it doesn’t mean it’s free.