In a higher priced economy, learning the skill of bartering or trading would be useful. In the case where money may not be worth as much or you have little left to go around, being able to barter an item or a skill for something you need will be very helpful.
To start, here are a few older articles I wrote about bartering:
Both of those articles focus on trading products so here I’ll talk about trading skills. The idea is simple, maybe you have a leaky sink that needs to be fixed and you don’t really have the money to shell out on a plumber, however your neighbor happens to be a plumber and could fix it for you. Of course you don’t have the money to pay him but he has some jeans that are in good shape but could use a little love from a seamstress and you happen to love to sew…..See how this works?
As long as both parties agree that this is a fair trade it’s a great way to get things done without having an exchange of money, there is only an exchange of skills.
Even if you think you don’t have any skills, you may still have something to trade. Maybe your friend would enjoy having a few loaves of fresh baked bread to fix your computer or maybe your brother-in-law is dying for someone to babysit the kids so he can have a night out with his wife and would be glad to trade babysitting for a little car tune up.
This could also work as an exchange of skills for goods. For instance, maybe you’d like your house cleaned and the person that cleans your house is ok with being paid in farm fresh eggs or meat instead of cash. You get your house cleaned and they get food for their table. As I said above, as long as both parties agree it’s a fair trade, anything goes!
I really enjoy bartering and I do it all the time even now. Me and my mom almost always barter for things we need between each other. Maybe I need a few cans of home canned tomatoes and she needs facial tissue. We decide on what’s a fair trade between us and then exchange the goods! We both spend no money but still get what we need.
Learn more about Practical Food Storage and Preparing for Price Increases. And make sure you check out how to save and live better in all areas of your life on the Making the Most page!