Going green isn’t just good for the environment; it can also save you money. Whether you’re able to make a serious change or just a minor adjustment, these 15 tips will help you feel good about doing something for the environment and your financial situation!
1. Adjust Your Thermostat
A quick and easy way to start saving money while helping the environment is to turn the thermostat up a tad in the summer and down just a bit in the winter. This minor change can help you save some money year round by cutting both heating and cooling expenses.
2. Unplug Appliances While Not in Use
Unplugging appliances when you’re not using them is a quick way to save you some cash while eliminating phantom energy use, which accounts for 5% of your total electric bill. A great option is to plug several appliances into a single power strip so you can cut power by simply turning the power strip off.
3. Eliminate Drafts and Increase Insulation
Drafts and poor insulation are responsible for nearly a quarter of heating and cooling costs, affecting both your pocket and the environment. Caulk and weather stripping can be used to seal off drafts in windows, doors, electrical outlets, and other problem areas. Standard insulation is typically 6 to 7 inches thick. However, an additional 3 or 4 inches will help cut your heating and cooling costs while reducing unnecessary risks to the environment.
4. Wash Laundry Using Cold Water
This is a great tip that is beneficial to the environment and may also help make your clothes last longer. Over 80% of the energy used by washing machines is directed toward heating the water. Hot water can also damage your clothes, causing fabric to shrink and colours to fade.
5. Take Short Showers
Another water related money saver that’s great for the environment involves taking shorter showers. You’ll save money by using your water heater less and you’ll help the environment by conserving water. Turn the water on just long enough to get wet, turn it off while you lather up, then turn it on again just long enough to rinse off.
6. Walk or Bike to Work
Trying to include more exercise in your daily routine? Try walking or biking to work and score a trifecta of financial savings, environmental preservation, and improved health!
7. Eat Less Meat
Meat can be pricey and the environmental cost is steep. Electing to savour one meat free meal each week is a great way to improve your health, increase your savings, and help protect the environment.
8. Buy Gently Used Furniture, Appliances, and Clothing
Rather than spending money on brand new furniture, appliances, or clothes, consider gently used alternatives. Shopping at thrift stores is a great way to save money on clothing or furniture. Plus, buying used rather than new is a great, environmentally conscious choice.
9. Borrow and Trade with Your Neighbours
From books to tools, sharing is a great way to cut costs and help the environment while getting acquainted with your neighbours.
10. Recycle Electronic Devices
Try to use your electronic devices as long as possible. If you decide to purchase a new cell phone, computer, or other device, donate your old one or seek out appropriate recycling facilities. Mercury and other toxic substances in electronics tossed into landfills are a threat to human health and the environment.
11. Install Energy Saving Light Bulbs
Energy saving light bulbs will help you cut electricity costs. Plus they last longer than traditional light bulbs, reducing the amount of waste affecting the environment.
12. Use Energy Efficient Appliances
In the market for a new refrigerator? Try an environmentally friendly, energy efficient model. You’ll enjoy savings on your monthly electric bill while greatly reducing the amount of greenhouse gases generated by your household.
13. Enjoy Tax Cuts for Green Home Improvements
Certain environmentally friendly home improvements may equal tax credits. Examples include installing new storm windows, metal roofs, central air conditioning, or a new water heater.
14. Go Solar
Opting to use solar energy is a great way to cut costs while protecting the environment.
15. Buy a Fuel Efficient Car
If you’re looking for a new car, consider a hybrid, diesel fuel, electric, or alternative fuel option. You’ll save money, help the environment, and be on the cutting-edge of automotive technology.
These 15 simple steps can make a big difference in terms of cutting your expenses and helping to preserve our environment for future generations.
Andy is co-founder of the CreditCardCompare.com.au credit card comparison website. Want to see how much money you could save? Visit the website and try out their credit card debt calculator.