BUSINESS + ECONOMY

Save during the holidays by renting ‘gifts’ from neighbors

Nov 17, 2023, 7:00 PM | Updated: Nov 20, 2023, 9:17 pm

holidays...

Couples say they spend on average $141 on their partner at Christmas, while a thrifty one-third say they will delay their partner’s Christmas gift shopping until the post-holiday sales start. (Canva)

(Canva)

SALT LAKE CITY — Why buy a new item during the holidays when you can rent from a neighbor instead? 

Jason Fairbourne, founder and CEO of Yoodlize, joined Dave and Debbie to speak about buying an experience instead of a new item, which, after the season, may end up unused in the garage.

Only about 70% of garage space in single-family homes is available for parking because the floor space is occupied by something other than a parked car,” according to a survey conducted earlier this year.

Yoodlize is a platform that pairs owners, who want to earn a little extra money on the side, with renters, who want to use an item they don’t own for a certain period. 

Saving during the holidays

Fairbourne said Yoodlize has a plenitude of party equipment to rent, which can save a host money.

Dave took advantage of that. He wanted to throw a pizza party but didn’t want to buy a pizza oven, which can range in price from under $100 to more than $2,000. So instead the party host rented a pizza oven for the day and saved.

“If you’re throwing an event and you want some fancy plates and goblets . . . but you don’t want to go buy 100 nice crystal goblets, somebody in the community has those listed for rent . . . without having to own those,” Fairbourne said.

He recalled a user who sought to purchase an expensive gift for Christmas but didn’t have the money to buy it.

“We had a user report back to us about a year ago that somebody had rented their VR [virtual reality] headset and wrapped it up and gave it to their kids for Christmas because they were tight on money and weren’t able to afford gifts that year.”

Dave & Dujanovic can be heard weekdays from 9 a.m. to noon. on KSL NewsRadio. Users can find the show on the KSL NewsRadio website and app, as well as Apple Podcasts and Google Play.

Related: Thanksgiving travel in Utah expected to be busiest Wednesday

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Save during the holidays by renting ‘gifts’ from neighbors