The sharing economy is the latest and greatest thing that can help you connect with other people in your neighborhood and save a significant amount of money. Many startups have become incredibly successful building on the concept of the sharing economy, and some of the businesses like Uber are valued at millions of dollars.  

If you’re interested in hearing more about the sharing economy and how to share your resources and services with others, then here are some of the benefits that you can expect.

It’s Cost Effective

If you want to buy something for your dining room that is quite expensive but don’t want to take on the entire cost yourself, then look no further than a sharing economy model. It can be much more cost-effective than a traditional model of ownership.  Whether it’s sharing a car with friends, or even sharing gardening equipment, splitting the cost of something and splitting ownership is significantly more affordable than taking on the cost yourself.

It’s More Sustainable

A sharing economy system is a much more sustainable way to live your life. If everyone shared rather than buying the same object for themselves we would all contribute to less waste overall. Not to mention, when we share things like tools or cars we reduce carbon emissions. Some people even go as far as sharing clothing in an attempt to promote sustainable living.

Greater Access

We may not be able to buy everything that we want on our own dime, however, if we share the costs with other people, that means that we can have access to more goods. For example, Airbnb is a business that was built on the sharing economy model. 

Thanks to Airbnb, you can stay in the home of your dreams for a few nights whereas buying a home like that would never be realistic. In other words, your resources no longer hold you back from being able to access goods and services that would have been otherwise impossible.

Increased Sense of Community

Sharing resources as a community can bring you closer to your neighbors and loved ones. It can increase communication, and interaction, and create a greater sense of community overall. It builds trust and encourages cooperation in a group.

Increased Innovation

We live in a world where innovation is key to our future. By using sharing economy platforms we can find ways to create a better future and innovate in groundbreaking ways that give us access to resources we wouldn’t otherwise have access to, not to mention greater overall flexibility.


Without economy sharing, we may not be able to use or incorporate things into our life that are considered expensive or luxurious. However, when we share these items with others, we give ourselves access to items that give us a great sense of pride and joy. No longer do we have to feel restricted by our limited resources. By sharing resources, we give ourselves the opportunity to be a part of something bigger and exciting.

As you can see there are many different benefits to an economy-sharing model. If you haven’t tried it out yet, then what are you waiting for?