Saving money the savvy way
Don't buy, borrow
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Don't buy, borrow

4. Buy or borrow?

We've discovered Ecomodo - an inventive way to please your pocket. This online store allows you to lend and borrow a range of items - from cameras to handbags! 

We predict that the trend to lend and borrow will be big in 2011 - and it's a great way to bring people together too.

Meriel Lenfestey from says,  "a lot of money is spent each year on things that people only use once or twice - shoes to finish an outfit for a wedding or even a wallpaper stripper. Once used - these items just end up cluttering up the house, gathering dust."

Ecomodo gives people access to the things they need just for the time they need them - by borrowing instead.  Items can be lent for free or lenders are able to charge for an item, and choose if they want to keep the fee or make a donation to charity.

We love the fact that Ecomodo is community and charity friendly, plus borrowing beats buying (and the VAT rise) so everyone's happy!

Image © iStockphoto

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