The Red Saw - Renovation and Construction Service Exchange

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Charlottetown, PE

Benefits Tips Rules of Conduct Example Service Exchanges

Example No.3

Name: Susan
Occupation: Math Tutor
Annual Income: $ 45,000

Susan has a passion for tutoring children in mathematics, but has no interest in picking up a paintbrush even though her two-bedroom apartment is overdue for a fresh coat of paint.  Susan just finished paying off her credit card last month for the new kitchen appliances and countertops she purchased last year, and is not thrilled at the thought of going into debt again to have some painting done. The cost estimates Susan received for the painting work were around $2,000.00.

The following are Susan’s options:

A.) Borrow from her high interest credit card, or take out a bank loan to have the work completed by a professional painter.

The downfall of these options is that Susan will now be going into debt again and will paying a high amount of interest on the money borrowed.

B.) Leave the painting work until she can afford to have it done. 

The downfall of this option is that she would rather not wait. Susan has family coming into town to stay with her in a few months and would like to have it completed for their arrival.

C.) Post an ad with The RedSaw to offer up her skills as a Math Tutor, in exchange for the services of a painter that might be requiring a tutor for their son or daughter. 

The benefits of this option are as follows:

• It’s free to post an ad.
• Susan will be increasing her annual income by approximately $ 2,000.
• (Annual income $ 45,000 + $ 2,000 = Revised annual income  $ 47,000)
• Susan is not going further into debt by borrowing the $ 2,000 from her bank or credit card company.
• Susan is not paying any high interest charges as no funds have been borrowed.
• The painting work still gets completed within a reasonable amount of time. (Obviously, the more people who participate the better the chance your match will be found quickly.)   
• Susan will not still be paying for the painting project several months later when she decides to tackle her next home project.

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