5 Things to Share To Save Money

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The ‘sharing economy’ is a now much-discussed topic. There are several other ways to save money apart from rides and renting residences. For this, connecting with friends, family and neighborhood groups is necessary. Once you’ve discussed how to share these items, you will save more money.

Having said that, here are 5 things that you can share to save money:

1: Streaming Video Service

This is another popular topic in the world of sharing economy. Streaming services such as Hulu, Netflix and HBO allow you to share passwords. Netflix takes it one step further by allowing users to maintain 5 individual profiles.

2: Cell Phone Plan

Major service producers such as T-Mobile, Sprint, Verizon and AT&T offer family sharing plans. Once you determine which plan works best for your family, the saving can be large. Up to 10 people can profit from these plans offered.

3: Amazon Prime

Family members and unmarried partners can share these accounts with registered Amazon Prime users. This will help in reducing membership costs by almost half or even more.

4: Vacation Property

While timeshares are popular and expensive, you can share it with others. Not only can you split the cost of the property but also set up a calendar of who uses it. A legal contract for repair costs, utilities and maintenance is advisable.

5: Club Memberships

Members at Costco and Sam’s Club can bring guests which saves money on memberships. At Costco, the member will have to pay for guest purchases. Guests at Sam’s Club can make their purchases.