Having a eco friendly lifestyle not only can save your life but also offer monetary benefits to you. Isn’t it a great thought to save yourself from excess financial burdens, that too guiltfree? Curious, how?
Following are the 4 financial benefits you can get while you make lifestyle eco friendly
You can get tax credits for all your eco friendly spendings, as long as they meet the prerequisites. Energy Star is the organisation that checks on the spending and give you the tax credits. Abiding by the rules, you can get 10% tax credits.
You tend to recycle the products you possess rather than buying new products everyday. Product packaging contributes to 10 percent of the total cost of the product that in any case end up in the landfills. By employing reusable bags for instance, you get to save this 10% which you can keep as your disposable income.
You save on your utility bills. Using renewable energy sources not only can save the electricity bills but also can help you redeem the investment. Using renewable source of energy can also create an income opportunity for you. Even if you use non-renewable energy source, You can try and be as much energy efficient as possible. For instance, when the weather is good, you can air dry your clothes rather than using dryer machine.
You tend to develop financial management skills that help you handle your future credit problems. By maximising the utility of the purchased products, you improve the financial management skills and prioritize smart spending. You value not only the price but also the overall value of the products.