With all the belt-tightening going on, most people seem ready to give up whatever eco-friendly actions they’ve adopted in order to economize. In his new book, Go Green, Live Rich, best-selling author David Bach makes a convincing case that saving energy and resources will not just save you money, but make you money, too. He offers four steps for greener living that could save you $10 a day every day of the year. They are:
1) improve your car’s fuel economy: save $884 annually
2) seal leaks in your home to reduce heating and cooling needs; save $129
3) adjust thermostat in either direction 3 degrees: save $85
3) Bring lunch to work (in reusable containers): save $1,560
Total savings: $3,758 per year, or approximately $10 a day.
And, says Bach, if you invest that $10 a day (instead of finding new things to spend it on), and you earn a 10 percent annual return (which you can earn through investments in green funds, by the way), in 30 years you would have $678, 146.
So…before you think you can’t afford to live green, think again. Not only will you enjoy immediate savings, but you’ll have extra investment income to help fill your green piggy bank for the future.