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

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

Kids play street hockey ahead of the doors opening as thousands attend the NHL event at the Delta C...

Carter Williams, KSL.com

Smith Entertainment Group seeks 99-year lease, 2 extra blocks as part of Salt Lake plan

Smith Entertainment Group is proposing a 99-year lease to keep the Utah Jazz and a new National Hockey League team at the Delta Center.

1 day ago

kentucky derby horses run the race in 2023 guide terminology...

Becky Bruce

The first-timer’s guide to the Kentucky Derby

Need a guide to the Kentucky Derby, the Kentucky Oaks and the world of thoroughbred racing? Look no further.

1 day ago

Now hiring sign...

Kira Hoffelmeyer

April jobs report shows possible steadying of labor market

The April jobs report showed a lower than expected gain in jobs over the last month.

2 days ago

Meadowlark Elementary School in Salt Lake City is pictured on Tuesday, April 13, 2021....

Dan Rascon, KSL TV

Teacher salaries are the highest in over a decade. Why it’s still not enough

A new study shows teacher salaries across the country have jumped higher than they have in more than a dozen years.

3 days ago

Jerome Powell, Board Chair of the Federal Reserve, speaks at a news conference. The Federal Reserve...

ASSOCIATED Press

Federal Reserve says interest rates are staying high

The Federal Reserve stated that it has no plans to reduce interest rates until price increases slow further.

3 days ago

X-4 Summit logo on display as attendees walk past...

Heather Peterson

This year’s X-4 Summit teaches business leaders about AI and human interaction

The X-4 Summit, a massive conference of business leaders, kicked off on May 1st. This year's conference will feature some big name speakers.

3 days ago

Sponsored Articles

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

Save during the holidays by renting ‘gifts’ from neighbors