Today people are more environmentally conscious than they were 10, 20, or even 30 years ago. Many companies are keeping track of their carbon footprint and offering more environmentally friendly packaging, services, and products. It’s a way for them and us to help preserve our environment. It’s not just a trend. For some, it is a lifestyle. And while people are moving to buy reusable bottles and ditching paper bags, what about finances? If you’re trying to figure out ways to make sure you practice sustainable finance, follow along for more.
If you’re into personal finances and you know all about investing. Investing is not only done through the financial markets. It could be through rentals and alternative investment strategies as well. No matter how you like to invest your money, you can take it a step further by investing in companies, products, and services, that are sustainable. Sustainable investments are investments in companies that incorporate sustainable and ethical practices into their business strategy. Such companies are involved in leading initiatives to help disadvantaged communities as well as utilizing eco-friendly practices.
If you have a home, this is for you. Green loans are loans you can take out to make environmentally friendly home improvements. Such loans can go towards energy-efficient upgrades to your house. That includes installing solar panels, investing in Energy Star appliances, and other green initiatives. You can get a green loan through your mortgage company if you have a conventional or FHA mortgage.
Look up your bank. See what green or environmentally conscious decisions they are making and what programs they are implementing. It’s good practice to research the companies you bank with. You don’t want the interest that they are getting on your money to go towards practices you’re against. Some banks that are doing good for the environment include Bank of America, which has stated that will become carbon neutral, and Chace, which has pledged more than $2.5 trillion to help combat climate change.
These are just a few things you can do or engage in for sustainable personal finance. For more ways, check out the post to video and read more below.
Shatel Huntley has a Bachelor’s degree in Criminal Justice from Georgia State University. In her spare time, she works with special needs adults and travels the world. Her interests include traveling to off the beaten path destinations, shopping, couponing, and saving.