Earth Day 2021: How to Go Green and Save Money

Editorial Note:

Updated: April 15, 2021

Earth Day 2021 is on April 22. It comes around only once a year, but reducing, reusing, and recycling all year doesn’t just help the environment — it can be a great way to save money as well.

So this year, try not to spend only a single day on acts that are good for our planet. Instead, look to take action in more sustainable ways that may also help you save on spending in the long term.

Here are things you can start working on today to begin reducing your carbon footprint without forfeiting your wallet.

Minimize Your Spending to Help Reduce Waste

Cutting back on unnecessary purchases will both help you put more money into savings and reduce waste from store packaging. According to the recent report by the Environmental Protection Agency (EPA), the containers and packaging category had the most plastic tonnage at over 14.5 million tons in 2018.

To minimize unnecessary spending and consequently reduce waste, you need to do the following basic things:

Reduce Your Energy Usage

It’s one of the simplest and most effective ways to save money and go green: turn off the lights.

In addition, you can also:

  • Switch your utility providers. Comparison shopping who provides your utilities can generate some savings. When choosing a provider, you can also opt for a company that uses renewable sources for its energy production. In some states, renewable providers may be the same price or even cheaper than traditional ones. In any case, it is worth examining available utility providers and comparing the rates.
  • Make sure your home is well insulated. Insulation plays a critical role in how much you spend on energy. In winter, a well-insulated home will retain heat better, while in summer it can reduce how often air conditioning needs to run. Carefully inspect and evaluate your insulation.
  • Look for the energy “vampires.” Your electronic devices could be using energy even if you’re not using them. People can buy home energy monitors to determine whether an electronic device is using energy even when it’s powered off. The simpler method is to feel the device. If it’s warm, it’s using power. Consider unplugging devices when possible or investing in smart plugs that can be automated to turn a device on only when it’s typically used.
  • Be smarter in the kitchen:
    • Use your dishwasher rather than clean dishes by hand.
    • Reheating food in the microwave uses less energy than ovens do. Similarly, use smaller appliances when possible. They are more energy-efficient.
    • When baking, be sure to open windows to let hot air out of the kitchen.
    • Match pots and pans to the right-size burners.
    • Defrost in the refrigerator rather than the microwave.
    • Remember that older appliances are less energy efficient.
  • Replace your incandescent lightbulbs. LED lights use at least 75% less energy and last 25 times longer, according to the Department of Energy. When replacing the bulbs throughout your house, prioritize the lights in rooms that you spend the most time in.

Go Paperless

If your mailbox is constantly filled with paper bank and credit card statements that go directly into the shredder, take a few minutes to request online statements instead.

You may already be incurring a small monthly fee — which some banks charge for paper statements — that can be eliminated by going paperless. Switch to online statements that can be saved to your digital device or are accessible through your online account for a simpler and more cost-effective solution. Just be sure to regularly check your balances and online statements so you don’t fall behind after making the switch.

Cut Back on Single-Use Plastics and Takeout Expenses

Instead of picking up a coffee or soda on your way to work or ordering takeout multiple times each week — racking up plastic containers and utensils — bring your beverages with you in a reusable water bottle or coffee mug and prepare more meals at home.

Consumer expenditure data by the Bureau of Labor Statistics show that the average American household spends $3,459 annually on food away from home. Reducing the amount of takeout, delivery and other food purchases with large amounts of single-use plastic can help you reduce your budget as well as your carbon footprint.

Change Your Commute

Not everyone lives in a walkable or bike-friendly city, but if you live within a reasonable distance of your workplace, dedicating a bit more time each day to a pedestrian commute is a great way to go green and save.

If walking or biking isn’t a viable option for you, try carpooling or taking public transportation more often to cut down your fuel emissions. Even just a few days of choosing an alternative type of commute each month could save you money over time.

Take Advantage of Earth Day Discounts

If you’re looking for ways to shop more sustainably while also saving money, look for Earth Day discounts from environmentally conscious brands and retailers that you can buy without hurting the environment or your wallet.

Get Your Friends Involved

Like anything that takes commitment, going green is difficult without support. To keep you accountable, get your friends and family to embrace sustainability too. In celebration of Earth Day 2021, get together to take part in a free local activity or volunteer opportunity in your city, like bagging trash in public areas or tending a community garden. Check local events on EarthDay.org, Facebook, community boards, and online newsletters for opportunities or join a community cleanup coordinated by Earth Day Network.

Conclusion

There’s no need to wait for Earth Day 2021 to start acting. Follow these tips right now and start saving your money and your planet.

Ekaterina Redko

I have always wanted to live a full life without stressing out about money. After finishing university, I started work and soon realized that my salary didn’t match the kind of life I wanted. I took a side hustle, hoping it would make me wealthier – it didn’t. I still had to live paycheck to paycheck. Why? I wanted to figure this out and did it.

The truth is that it is not the amount of money that makes you wealthy, but the way you manage it.  My problem was the lack of proper spending habits and discipline with money. I created a  budget and started saving. Budgeting took me a lot of time and effort, but that was worth it.

Now I understand that how much you save is way more important than how much you earn. Saving is one of the core principles of building wealth and achieving financial independence.

With Financial Freedom Guru, I’d like to share my knowledge and experience of managing money and building wealth. I hope that together we’ll manage to pave the way towards Financial Freedom.

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Rachael
Rachael
5 months ago

Good bunch of advice, it is always important to start from yourself. It was helpful for me to pause before making a purchase and asking why I am buying it. It really works. If it is a need, go for it. If it is a want, at least sleep on it for one night to see how you feel tomorrow. It will be beneficial both for the planet and your budget)