The businesswoman from Bristol continued: “Anyone with a spare room can do it – it’s a no brainer – really.

“We don’t always have an actual spare room at home but we swap things around to make space for them.”

While not everyone has a spare room – people can rent out their cars, driveways, garages or even household items like pressure washers and carpet cleaners.

Hiring one’s car to neighbours through the Karshare app can add an extra £550 a month to someone’s bank balance.