Back to bartering

It may be the oldest business strategy in the world, dating back to prehistoric times.

Today, bartering can be a great way for a small business to either utilise free time during a slow cycle or dispose of excess inventory without taking a markdown on its balance sheet.

"The market right now is perfect for bartering, whether you're a landscape artist, restaurant owner or a printing company," said Bob Reiss, author of the recently published book, "Bootstrapping 101: Tips to Build Your Business with Limited Cash and Free Outside Help."

Not only can a business benefit from exchanging goods and services for other goods and services without handing over precious cash, the swap can be good advertising if the other party is pleased with the trade. It's also a great way to get full retail value for your product or service without having to discount the price.

While bartering can be done on a local or personal level, Reiss suggests using trade groups, like the International Reciprocal Trade Association, or online networks to facilitate the exchange. In some instances, products or services are designated value points that can be blended with cash for an even trade.

Plan for holidays

Holiday shopping may be a few months away, but some consumers are still paying for last year's purchases with interest and other fees tacked on.

"Advance planning can help consumers enjoy the holidays without dreading the debt that can come with it," said Mechel Glass, director of education for Atlanta-based Consumer Credit Counseling Service.

The nonprofit agency gives these tips for pre-holiday shopping:

¦ Start shopping now. Many retailers offer early discounts or free shipping to encourage shopping before the December rush.

¦ Earn extra money. If you can't make room in your current budget for holiday spending, consider getting a part-time job, working overtime or selling new and gently used items of your own.

¦ If you make a list in advance, you'll be prepared to look for items on sale. Having a sense of your total shopping budget will also make it easier to set aside money out of each paycheck and cover the expense.

¦ Shop online. Check coupon Web sites or bid for sought-after items. Collectible or hard-to-find gifts are likely less expensive before November.