Sharing Economy

Single Moms Can Save Money – and Make Money – with the Sharing Economy

It’s impossible to be a mom without talking about sharing. We encourage our kids to do it, and it’s a great way to help each other make ends meet. And the world is catching up to us.

A big part of economy calls for sharing now, whether we’re talking about equipment, services, and skills. For example, instead of sinking thousands of dollars into a car, we can pay to access one only when we need it.

And the same goes for dozens of other goods and services in the sharing economy. Plus, if you have an asset – like a car – that spends time just lying around, you can earn money buy letting other people “share” it.

You’ve probably already heard of the big names in the sharing economy – Uber, Lyft, Airbnb. But there are so many more opportunities out there. Here are three more ways you can take advantage of the flexibility of sharing.

Getaround: Need a ride and want to drive yourself instead of dealing with an Uber driver? You can take your pick from thousands of cars near you, and rent them by the hour or the day. These rentals include 24/7 roadside service and insurance, so you’re covered no matter what comes up. Plus, there’s no membership fee – all you need to get started is a driver’s license and a credit card. And if you have a car that’s gathering dust in your driveway, you could earn $10,000 every year as a Getaround car owner. Learn more at www.getaround.com.

RentTheRunway: Many single moms don’t have the resources to spend hundreds, even thousands, on formal gowns they’ll only wear once – and now we don’t have to. Whether you’re invited to a cocktail party, a wedding, or a formal office holiday party, you can rent a beautiful designer dress for just a fraction of the retail cost at Rent the Runway. Choose from cocktail dresses, ball gowns, bridesmaids’ dresses, and even interview suits… and add in the shoes, jewelry, and accessories you’ll need to complete your look. Find your perfect one-time outfit at www.renttherunway.com.

TaskRabbit: As single moms, we often feel like we have to be able to do everything ourselves – but sometimes we come across tasks we just can’t do. No matter what you need done around the house, a Tasker can do it. These odd-jobs specialists do everything from minor home repairs to yard work to assembling frustrating furniture. You decide exactly what you want done, and when you want it done. TaskRabbit will match you with the perfect Tasker to get the job done. To ensure your safety, every Tasker undergoes an extensive background and identity check before they’re sent on jobs. Plus, every task comes with $1million of coverage in case of property damage. And, on the flip side, if you’ve got the skills, you can make some quick cash by becoming a qualified Tasker, taking only the jobs you want to do. You can find out more by checking out www.taskrabbit.com.

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