The Zoomer Report: Bartering

These days a lot of us are looking for creative ways to save cash. That’s why there’s a resurgence in bartering, the age-old system of exchanging goods or services — without spending a nickel. You could trade a dining-room set for home repairs or try to find a personal trainer in exchange for marketing services.

You can join one of the members-only bartering networks — in that case you don’t have to make a direct exchange with the person you’re getting something from. They usually charge membership fees — and you have to pay taxes in cash on most transactions. Or you can advertise online for free on sites like Craigslist or freecycle.com.

If you go that route, it’s also important to stay safe. Be wary of face-to-face meetings in private settings. Here are some tips on successful barter:

Don’t try to exchange your goods or services for something that is obviously worth much more. It wastes everyone’s time.

Ask for a written or verbal agreement to solidify a trade. It’s also acceptable to ask for references.

Don’t agree to a major trade, such as exchanging homes for a vacation, without extensive communication with the other party.

Watch out for stolen merchandise. Be cautious if a trader is looking to exchange a wide array of electronics in unopened packages.

Photo ©iStockphoto.com/ Ashok Rodrigues

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About The Zoomer Report

Libby Znaimer, a prominent Canadian journalist specializing in business, politics, and lifestyle issues, is producer and host of The Zoomer Report, a special feature on topics of interest to baby boomers and the 50+. It covers everything from health and wealth to leisure and volunteerism, from the special vantage point of the generation that has changed society in its wake.

Ms. Znaimer is also Vice-President of News and Information for Classical 96.3FM and AM740. Her first book, “In Cancerland – Living Well Is The Best Revenge” – was published in October 2007 by Key Porter.

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