As the world becomes increasingly populated and polluted, the importance of investing in eco-friendly solutions cannot be understated.
Many people choose to invest in green tech or develop eco-friendly habits purely for the good of the planet, but later find that they have saved money in the long run.
So, what green initiatives could you participate in that will save money and the planet simultaneously?
Jason Higgs, the Senior Deal Strategist at Bountii, highlights some green activities that can save you money and shows how much you could save.
Installing Solar Panels
Solar panels are one of the most significant green investments that individual households can make, but the investment is paying off in big ways. ‘Solar panel systems that work at full capacity and can completely cover the cost of a household’s monthly energy bill, an average of $125/month, can save Americans up to $1,500 yearly,’ states Jason.
Likewise, in countries like Spain, which is well-known for its sunny climate, residents who install solar panels can see a 30% to 80% price reduction on their monthly energy bills.
Many countries around the world offer good incentives to citizens for switching to solar energy.
Buying Second-Hand Clothing And Furniture
The thrifting revolution in the United States, with companies like GoodWill and Value Village offering second-hand clothing and household items at extremely low prices, has inspired other countries around the world to follow suit.
Jason says, ‘Thrift stores often take clothing as donations, meaning they can resell it for low prices. People who choose to thrift clothing instead of buying it new can save hundreds per year.’
Many young people also choose to purchase secondhand furniture. With the cost of living rising, it makes more sense for people to find gently used sofas and wardrobes and make them their own. ‘Around 44% of Brits have previously purchased second-hand furniture, saving them hundreds,’ says Jason.
Using Reusable Portable Coffee Mugs
Switching from paper coffee cups to reusable coffee mugs is one of the best things an individual can do for the environment if they buy coffee daily.
‘Besides the benefit of sending fewer cups to landfills, most big coffee chains offer discounts to customers who bring their own cups,’ says Jason.
In the UK, chains like Costa, Starbucks, and Pret a Manger offer 20p to 50p off each cup of coffee purchased using a reusable mug.
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