Earth Month Tips For Allocating Your Money & Greening Up Your Future
In honor of Earth Month, Amida is going to share eco-friendly ways to green up your financial path. These small acts of compassion for the earth, like investing in green companies, leave a profound impact for future generations. When we learn to allocate our finances with intention, we embody wealth energy. But first, what do we mean by allocate? At Amida Wealth we replace the word budget with allocate. This is because the word budget implies that we can’t do something. It signifies lack rather than expansion. The concept of budget starts at a young age–for example, when a child wants something for their birthday and a family member implies that it is not in the “budget”. Instead, we transform lack into intention and empowerment. This is done by shifting the word budget into the word allocate. The word itself gives us power and puts us in control!
Above all, never underestimate your financial impact. Your finances help the planet! Here are 5 Simple Ways To Green-Up Your Financial Path:
Invest in green companies:
ESG investing is a type of investment approach that takes into consideration environmental, social, and governance (ESG) factors in addition to traditional financial metrics when evaluating potential investments. ESG factors refer to a broad range of issues that may impact a company’s long-term performance and sustainability. This includes climate change, human rights, labor practices, executive compensation, and board diversity. ESG investing aims to align investors’ financial goals with their values by incorporating a company’s sustainability and ethical practices into the investment decision-making process.
Here’s a closer look at the three criteria used to evaluate companies for ESG investing:
- Environment. What kind of impact does a company have on the environment? This can include a company’s carbon footprint, toxic chemicals involved in its manufacturing processes and sustainability efforts that make up its supply chain.
- Social. How does the company improve its social impact, both within the company and in the broader community? Social factors include everything from LGBTQ+ equality, racial diversity in both the executive suite and staff overall, and inclusion programs and hiring practices.
- Governance. How does the company’s board and management drive positive change? Governance includes everything from issues surrounding executive pay to diversity in leadership as well as how well that leadership responds to and interacts with shareholders.
Support eco-friendly products and services:
According to The Good Trade, the top eco-friendly clothings brands of 2023 are:
- Patagonia (outdoor)
- Tentree (loungewear)
- Pact (Fair trade basics)
- MATE the Label (Loungewear)
- For Days (tops & hoodies)
- Avocado (Sleepwear & loungewear)
- Reformation (Denim and formal dresses)
- Thought ( Workwear)
- Jungmaven (Hemp clothing)
- Back Beat Co. (loungewear with an edge)
Reduce your carbon footprint:
Reduce your carbon footprint by using less energy and water, driving less, and buying fewer disposable products.
- Be more mindful about your water usage.
- Get a reusable grocery bag, and use reusable containers instead of disposable ones for food storage.
- Buy in bulk: Buying in bulk can help reduce packaging waste and save money by reducing the cost per unit.
- Switch to LED light bulbs: LED light bulbs use less energy than traditional incandescent bulbs and last much longer.
- Use a programmable thermostat: A programmable thermostat allows you to set the temperature of your home based on when you will be there and when you will be away.
- Use Citi Bikes and ride-shares more often.
By incorporating these strategies into your financial practices, you can contribute to a healthier planet while also making a positive impact on your own financial well-being.
Think Big & Start Small
Start your environmental efforts in the kitchen! For example, by switching to environmentally-friendly cleaning products that do not contain harmful chemicals, we can help reduce the amount of chemicals that enter our oceans. Here are some popular kitchen cleaning product brands that are known to be good for the ocean:
- Method: Method’s cleaning products are made from natural and biodegradable ingredients, and their packaging is made from recycled materials. They have a range of kitchen cleaning products, including dish soap, all-purpose cleaners, and surface cleaners.
- Seventh Generation: Seventh Generation’s cleaning products are made from plant-based ingredients and are free from harsh chemicals. Their packaging is also made from recycled materials.
- Mrs. Meyer’s: Mrs. Meyer’s cleaning products are made from natural and plant-based ingredients and are free from harsh chemicals. Their packaging is also made from recycled materials.
Remember, the small changes we make today, leave a lasting impact for those we inspire along our path.
Amida Wealth Family Conversations
At your next family or friends gathering, share this blog! April is Earth Month. How are your family and friends greening-up their financial path? Perhaps, this is something they do consider. Share Amida’s eco-friendly clothing list. Above all, share new ideas and embrace your abundance!
The significance of Earth Month is not limited to the month of April; it should be viewed as a call to action for all individuals and communities to work towards a more sustainable future year-round. By taking simple steps to reduce our impact on the environment, such as conserving energy, supporting eco-friendly businesses, and Investing With our Hearts, we can make a positive impact on the health of the planet and the well-being of future generations.
Every April, Amida hosts a Tree Planting Event. In the last several years, we have planted over 570 trees, and we have been able to reduce our carbon footprint by 25,520 lbs and counting! If you would like to get together with Amida’s greening efforts, stay tuned whether we plan to do a tree planting or fun ocean clean up this April 22nd. For further information about this event, please email: firstname.lastname@example.org. Join us, as we continue to green up our financial path together! Be sure to check out Sundays Amida Blog about celebrating sustainable business.