Paying to use the gym
Media playback is unsupported on your device

You've heard of pay as you go - but can you pay as you live?

Plenty of people are used to using pay-as-you-go mobiles, free from lengthy contacts or tie-in deals.

But what about taking the pay-as-you-go concept to other parts of your life?

A study by the research agency, the Future Foundation, has shown that 70% of people actively avoid products or services which tie them in for a long period of time.

So now, new companies are springing up offering the chance to share goods and services, or just rent them by the day or hour. But does a pay as you go life really save money in the long run?

To find out, the BBC's Susannah Streeter interviewed the co-founder of Girl Meets Dress, Anna Bance, the chief executive of CoverBox Drive Style, Andrew Bennett, The Future Foundation's Jason Mander, and personal finance expert Sarah Pennells.

  • 28 Aug 2013
Go to next video: Local loyalty schemes catching on