Posted by Tim Stobbs on May 3, 2007
Ok, I’ll admit it. I’m a bit of eco-nut under all this talk of personal finance. I like to save money, but if I can save the world too, better yet! In fairness to you the reader I do try to keep those posts that edge on the environment some what tied to personal finance.
Well a few weeks back I came across this blog called No Impact Man and from the environmental side it was a great read. The idea of the blog is simple, can a family live in the middle of New York city with no net impact to the environment for one full year. My only problem about sharing this blog was the fact he never talked about his finances. So at last the blogger finally made a post to this regard, which you can read here.
Granted his methods are a bit extreme (like not using toilet paper) but it got me thinking. Beyond the entire save the world thing is there a significant economic benefit to living a green lifestyle. So far in my life and that of the No Impact Blog I would have to say YES. By reducing your ecological footprint you also reduce your economic footprint. Granted it going green often takes some investments to get going (like a low flow shower head or compact fluorescent light bulb), but in the long haul you also can live with less money which also allows you to retire earlier since you need a reduced cash flow.
So with this in mind and my tax return in my ING account I’m going to go shopping to reduce my water bill. I’ve got some old 13L/flush toilets I have to replace anyways and some old taps in the sinks which are just starting to leak a bit. I’m currently spending $50/month on water and I’m curious with a few changes how far I can get it to drop. I’m going to try and keep track of my the cost differences to go green and the amount of money I save and let you know how the economics all turn out. This should be interesting.