Once you tie the knot, you might be wondering how to spend the money you received as gifts. There are many ways you can spend your money responsibly, like investing in green stocks and bonds and becoming more energy efficient.
Let’s explore these options so you can start your eco-friendly investment journey wisely with your new spouse.
Invest your money into stocks and bonds that contribute to the environment's well-being. Green companies incorporate social and environmental benefits into their strategies. Do your research and find businesses that align with your goals or give back to society or the planet.
Environmental, social and governance (ESG), impact investing and socially responsible investing (SRI) are common ways to invest in ethical practices. Roughly 85% of the general population is interested in sustainable investing.
You can be more conscious of your energy consumption to maximize reducing your carbon footprint as newlyweds. Outdated homes can impact your utility bills and harm the environment. Make necessary changes to improve your home to make it more eco-friendly. Consider investing in LED lighting, solar panels, new roofing and upgrading seals on your doors and windows.
These investments can significantly save you on heating costs during the winter months and decrease energy expenditure. Minor changes to your roof like changing the color or adding insulation can reduce your heating costs and improve your home’s appearance. Find other subtle ways to give back to the environment like choosing a greener commute and making meaningful purchases.
Consider getting green credit cards that offer rewards that benefit the environment. Green credit cards use daily purchases to make improvements to the environment like The Sustain Green card that donates funds to preserving rainforests.
Preserving the rainforest also contributes to combatting climate change. So, making purchases with your green credit card that you’d make anyway can help the environment. Green credit cards can also shift your purchases to encourage eco-friendly shopping habits and minimize the impact of purchases on the environment.
Being eco-friendly can be challenging if you don’t know where to begin. Utilize these tips to support the environment, spend your wedding money wisely, and start your sustainability journey as newlyweds.