As a result of the media spotlight placed on the green movement, more and more companies and individuals are taking action to stem pollution. But if you think saving the planet will take a financial drain on your bank account, think again. Below are some tips to help you save money while going green.
What is going green?
The world has been going green since the invention of electricity. With the increasing cost of fossil fuels and environmental concerns, the concept has become imperative for businesses.
Also, as shoppers are becoming more conscious of their environmental impact, many companies are now focused on going green in business to reduce their environmental impact. This is one of the biggest trends in the retail industry today, and there are multiple ways for brands to green their supply chains, stores, and products.
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Ways that going green save you money
By following ideas for going green, you can also save some cash while living green:
Go shopping. Reduce your yearly utility bill by purchasing energy-efficient appliances. Maintaining dated appliances without an Energy Star seal costs you money every month. Over time, you’ll make back your investment many times over, even if you spend more upfront.
The United States government offers tax incentives to homeowners who purchase appliances equipped with the Energy Star seal.
With a little work, you can reduce the upfront costs by selling your old appliances on Craigslist or Facebook Marketplace. You may be able to pocket $1,000 to $4,000 depending on the condition of your used appliances and how many you have.
Accept paperless billing. Some companies, such as banks and insurance companies, offer discounts for paperless billing. You may receive a $1 credit or as much as a 5% discount on your auto insurance policy for signing up.
It may seem insignificant, but every dollar adds up. If 12 of your service providers grant you a $1 deduction each month, you can save upwards of $144 each year and $720 within five years.
Bring your own bag. Support a green business by bringing your own reusable shopping bag. You’ll save money and help the environment at the same time. Chain grocery stores are now charging $0.04 to $0.10 per bag, depending on the size of the bag, in an effort to encourage people to bag their groceries more sustainably. It’s one more way you can save money while supporting a business going green.
Assuming you shop for groceries every week, you can save $390 over five years if you eliminate 15 plastic bags in one shopping trip. As an added bonus, you will be saving yourself from accumulating a large pile of plastic bags in a closet or under the counter in your kitchen.
Recycle. Going green means that some retailers offer freebies and discounts to customers who recycle used containers. For example, Mac Cosmetic offers free lipstick for every six containers returned to the company. In addition, Staples offers a $3 store credit for ink cartridges that are returned to the store.
Switch to CFL. By switching to CFL (Compact Fluorescent Light) bulbs, you can save both energy and money. Did you know most of the energy emitted by incandescent light bulbs is heat? Only a small portion of the energy is actually used to illuminate your home.
CFLs last up to ten times longer than incandescent bulbs. They produce significantly less heat and use only a third of the energy.
It’s true that CFL bulbs can cost more money upfront than incandescent bulbs. But in a matter of a couple of months, you’ll recoup your initial investment and then some with the money you save on your energy bill.
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But by following these small steps, you can do your part to preserve and protect the health of our planet while saving money at the same time.
Benefits of going green for the environment
Besides saving you money, you can protect the environment in many ways when you go green, including:
Reducing carbon footprint: Renewable energy sources such as solar, wind, and hydropower can help you reduce your carbon footprint. Your carbon footprint is the number of greenhouse gases you produce during your daily activities.
Natural resources: When you use less water, electricity, and fossil fuels, you are helping preserve these valuable resources for future generations.
Reducing pollution: By reducing the amount of wastewater and chemicals released into the environment, you can help to reduce pollution and improve the quality of air and water.
Biodiversity conservation: By preserving natural habitats and ecosystems, you are helping to preserve our planet’s biodiversity
Improving public health: The health benefits of adopting a green lifestyle include reduced pollution, improved air, and water quality, and reduced risk of diseases resulting from pollution.
Overall, going green is a win-win for both the environment and our well-being, and it is important for everyone to do their part in creating a more sustainable future.
Making sustainable choices not only benefits the environment but also your wallet. By making small changes in your daily life such as reducing energy consumption, using eco-friendly products, and recycling, you can make a significant impact on both the planet and your finances.
We can save money by switching to green technologies, and do it in a responsible and smart way for today’s and tomorrow’s generation. Let’s work together towards better living conditions for our grandchildren and future generations.
So as you can see, many of the small things you can do require little to no decrease in your quality of life. Choose one or more of these ideas to implement today, and you’ll save money while going green!