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Guest post by Jonathon Narvey

Go Green, Save Money

Ever since An Inconvenient Truth became synonymous with the fight against climate change (rather than a commentary on my slowing metabolism and receding hairline), green companies selling eco-friendly products have gotten some great buzz. People are investing in solar panel roofs, hybrid cars and – of course – lots and lots of shiny new bicycles.

But going green shouldn’t necessarily imply one has to go out and spend money on a bunch of new stuff, even if it has the “green” stamp of approval. Buying a new hybrid car can actually be worse for the environment (and your budget) than just buying a used non-hybrid car, if you factor in the carbon emissions used to manufacture the new vehicle.

Basically, you need to balance the costs of your green purchases with your ability to afford your good intentions, along with your expected savings over the long run.

What this means for people of any budget is thinking about the three R’s: recycle, re-use and reduce. The ultimate goal for most people making eco-friendly choices isn’t merely to be seen as environmentally-friendly (although that’s definitely a consideration), but to actually be living sustainably.

Maintaining your transportation, whether it’s a car or a bicycle is cheaper than buying something new and means a factory doesn’t have to use up more of our planet’s finite resources to produce another one. Don’t buy bottled water – it’s expensive and produces a lot of plastic for landfills. Eat a vegetarian meal when you can. It’s almost always less expensive, and meat production causes a whole host of environmental problems. Check here for more great tips.

Both financial and environmental sustainability are intertwined and require common-sense solutions.

WRITEIMAGE
Principal Consultant Jonathon Narvey blogs about current affairs and life in Vancouver at Currents.

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photo credit: cogdogblog

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

2 Comments

  1. Hazardous waste is another thing to think about. Stop throwing batteries away in your garbage, find a Source or electronics store that takes batteries back to recycle them.
    Reduce toxins first.
    -C8j

    [Reply]

    Apr 18, 2008
  2. @Big Cajun Man busted! I’m hopelessly lazy about that. I have, however, kept a spare printer and 19″ lcd monitor cluttering my place with the intention of donating them to freegeek. Still, I need to get better at the batteries.

    [Reply]

    Apr 18, 2008

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