How to Save Money Socially with Friends

Guest post by Alban

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The current economy is not exactly conducive to frivolous expenditure, which is what spending money on recreation can be considered.

However, you should remember that there are many ways you can save money while still having fun as recreation is as vital to your well being as work is. Having fun shouldn’t always have to cost an arm and a leg and there are many ways to make social savings while still enjoying yourself

There are plenty of benefits of social savings. Not only can you save money on reducing your expenditure on activities but you can also save even more money with the following ideas in other areas of your life.

Cut Down on Fashion Expenses with Swaps

One great way to increase social savings is with swapping parties. No, you won’t be swapping your partners, but you will be swapping lots of clothes. These parties are becoming more and more popular as people try to reduce the amount of money they spend on clothes and this is the perfect solution.
A swap party essentially involves people bringing clothing they don’t wear anymore and exchanging it with friends and neighbours for their unwanted items. Not only is this a great way to get new clothes for nothing, it’s also a great way to have some fun with your friends with virtually no cost at all, except maybe some snacks and a few glasses of wine.


Borrow Don’t Buy

Another great way to make social savings is by borrowing rather than buying. So, for those special occasions like a wedding or a fancy party, rather than spending a fortune on new clothing and shoes, you can either borrow from friends or family, or, a popular trend now is to rent clothing for the evening. You can get everything from designer shoes, bags, clothes and more at a fraction of the cost of buying them. This way you won’t be making a huge investment in something you are unlikely to wear more than a few times every year. And since designer fashion can cost thousands of dollars, you can make some significant savings.


Swap Homes for Holidays

Getting away from the daily grind is vital to recharging, but the cost of accommodation is something few people can afford at the moment. However, a new trend that is taking the world by storm for even greater social savings is the house swap. People from all over the world are swapping their homes so that they can go on holiday without incurring additional expenses for accommodation.

In fact, one Australian house-swapping agency found that more than 200,000 successful home swaps happen every year. You can organise these swaps with people you know, or sign up for an international or national service. Staying in a home, as opposed to a hotel means you will also save money on food, because you won’t have to eat out several times a day.

Alban is a personal writer. He provides tips on how to save money and helps people to find the best first home buyer loans online.