09 April 2011

Bartering

A way to survive when money is non-existent is through bartering, which is the trade or exchange of goods and services you can provide, for those you need.

For instance, if you can cut hair, you can trade your hair cutting skills for car repair, garden services, household items, or even food. Or, if you have furniture you no longer need, you can trade it for something you need. You may have excess tomatoes you can trade for something or be handy with a needle and thread and barter mending services for what it is you need.

When bartering, just be sure to consider all costs involved and look for the best deal. While no cash is actually exchanging hands, the value of the goods and services traded should be comparable for the best deal all around. Also, be careful to keep records and check with the tax responsibilities for bartering services.

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