Occasionally, I like to through out ideas for saving or making money, and come up with experiments (for an example check out my Lunch Experiment)!
So my idea for today (actually I’ve been thinking about this for years), is to have a Neighborhood purchase program for rarely used things, then have the neighbors share those certain rarely used tools!
So let’s say that you have 10 neighbors, and each month they each pitch in $10. Well, after 2 months time the neighborhood could purchase a edger. Then 3 months later after the purchase of the edger, they could purchase a pressure washer.
Each purchase would be kept on 1 of the neighbor’s house and the entire neighborhood could all borrow the tool/item!
The beauty is that it would be cheaper than renting the item, the entire neighborhood would look better because all the neighbors should want to use the tools. This desire to use the tools would mean that their properties all look nicer…
Maybe after 1 year, the payments to the neighborhood kitty could be decreased to $5 a month instead of $10 a month.
Now one might wonder “But what if one of the machines/tools that the neighbors purchased broke”? Well good question and the answer would be that the money collected from everybody would have to be used to repair the tool. Unless someone in your group was good at repairing things already.
Why I think this would be a good idea is because mostly the tools I described above, sit in the corner of the garage taking up space doing nothing…
Another side benefit would be that the sharing of tools would be an opportunity to talk to your neighbors! This might create a more socially health community!
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