With Earth Day approaching next Wednesday, April 22, protecting our natural environment, facing climate change, and generally greening the planet are on the minds of many.
As we strive to better our world this Earth Day, there are some takeaways that we can apply to our personal finances. From growing investments to adapting to change, here are our tips for improving upon and adjusting your finances, all inspired by Earth Day:
- Don’t Pollute Your Finances with Bad Habits – We all know pollutants can drastically change a natural environment for the worse. So think of your bad habits as doing the same to your personal finances. If you’ve got a few of your own negative habits, try to fix or eliminate them for the betterment of your finances – eliminating unnecessary spending to save more instead, for example.
- Discover New ‘Species’ – Just as the discovery of new species is revelatory in the scientific world, sometimes with big implications for natural habitats, discovering new types of investments can help you diversify your personal finances. From stocks and bonds to CDs and mutual funds, a healthy mix of investments makes for a positive environment in which your finances can thrive.
- Grow Your Investments – One way of greening our planet is through growth – growth of plant life, positive environmental practices, and knowledge. The same can be said for ‘greening’ your finances. So whatever your investments, nurture them like you would anything else that needs attention and care – whether it’s simply growing your savings, or building on your retirement fund for the future.
- React to Environmental Changes – Faced with issues like climate change, our world has been forced to adapt to changes in our environment. Anyone who follows economic trends knows that the financial climate can be just as volatile. So pay attention or seek out a financial advisor to assist you in understanding these changes, and react accordingly with your financial decision making.
Who knew Earth Day could provide so much inspiration for improving upon your personal finances?