Borrow Me – Daily Financial Tip

Borrowme - borrow and lend for freeBorrowing instead of buying is always a good choice, but for many it has been a problem finding people who would willingly let you borrow from them. What if there was an organization in your area where all the people listed the things that they had to lend out and you could borrow from them without any hesitation? That organization is in the development process at this very moment.

Most of you reading here have heard of FreeCycle.org where you can get rid of items you no longer need by giving it away for free or requesting items that you need. There is another interesting site that is currently in it’s prestage that looks quite promising and is attempting to address some of the major p

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2 Responses to Borrow Me – Daily Financial Tip

  1. IRA says:

    What happens if someone borrows an item and it breaks (either from normal wear and tear or abuse)? Who is responsible for repairing or replacing the item? I don’t think the website addresses that issue. And it’s the main reason why I prefer not to borrow things from friends. I borrowed a pair of ski pants from a friend last year. And when I went to return them, I noticed that there was a small tear. I offered to pay for the pants, but my friend wouldn’t hear of it. Still, it made me feel somewhat uneasy.

  2. Sean Young says:

    Hi Ira – You brought up the top reason for hesitancy around so-called ‘social sharing’. BorrowMe will deal with this issue head on. There is detailed information in the links below, but first, some suggested guidelines:

    1. ‘Durable’ goods are strongly recommended – a canoe, tool, volleyball net, bicycle helmet, baby crib or a book. Pants are quite susceptible to damage.
    2. To start out with – don’t lend anything you aren’t prepared to loss (that still adds up to a great deal of stuff for many of us!)
    3. It is reasonable to make amends through repair or replacement if an unfortunate event occurs.
    4. BorrowMe is not for everyone. It is for those who believe in less consumption, a smaller environmental footprint and a renewed sense of community in helping each other.

    People Can’t be Trusted – so give it up: http://blog.borrowme.com/beta/2005/08/people_cant_be.html
    Why Do I Need BorrowMe to Borrow With my Friends?: http://blog.borrowme.com/beta/2005/08/why_do_i_need_b.html
    Someone broke my stuff!: http://blog.borrowme.com/beta/2005/10/someone_broke_m.html
    Risk of Breaking or Loss? Nothing Beats Common Sense.: http://blog.borrowme.com/beta/2005/10/risk_of_breakin.html

    Lastly, there may be better reasons for many of us to take a chance, and risk a few bumps on the road to BorrowMe. Our unsustainable need to personally own and store everything is suffocating us; isolating us in our own communities and contaminating the air & water that sustain us.

    It costs $10,000 in new ‘baby stuff’ to have a first child while quality cribs and strollers sit in basements and storage lockers; students are heavily in debt, responsible families arrive in the area with children and very little else; trustworthy elders on fixed incomes struggle to enjoy a quality of life and frequently go without hobbies or activities; established theatrical and artistic groups struggle on meager budgets – all the while, millions of us average folks seek lives with less stuff and more connection;

    So – it’s not perfect, but neither was or is Ebay.com, Freecycle.org or Craigslist.com Do have a careful look to see if BorrowMe is for you. We might just make you a believer.

    — Sean, President & Captain BorrowMe

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