Cash In on the Sharing Economy

You can save money or earn a few extra bucks by sharing. All you need are a few apps.

Neal Gorenflo of San Francisco went on a sharing crusade three years ago. He identified about 30 ways to share, including peer-to-peer car-rental service Getaround, home-sharing service Airbnb and a shared nanny for his infant son. Gorenflo estimates that his efforts over the course of a year saved him $17,000. But he had another agenda: Gorenflo is co-founder of Shareable, a nonprofit online hub for information on the sharing economy. He wrote about his year of sharing to generate enthusiasm for his passion.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.