Posts Tagged ‘money’

Suddenly, Cheap Is Chic

Wednesday, November 5th, 2008

Turmoil in the financial markets, declining consumer confidence, and a renewed interest in the environment have created a perfect storm for conservation. Suddenly, it’s chic to be cheap.

As the Wall Street Journal reports: “Retail and manufacturing clients are seeing almost an aversion to consumption,” says Todd Lavieri, chief executive of Archstone Consulting, which tracks retail spending patterns. “In previous downturns [such as in 1991 and 2001], we have often seen shopping as therapy.” Now, with credit conditions so tight, Mr. Lavieri says, “people aren’t shopping to feel better. They actually are not shopping to feel better.”


Spendster invites you to share stories about stuff you don’t need.

To aid in the catharsis, the new website Spendster.org invites consumers to record their former profligate ways and post videos to share. For anybody who has ever regretted purchase (that’s pretty much everybody), the site is a humorous relief. Take a walk through users’ homes and you’ll see closets bulging with seldom-worn purses and hats and never-used appliances–electric can openers, anyone?–and other next-to-useless items likely found in your home, too.

The idea, of course, is to be mindful of one’s purchases. Though Spendster focuses on the financial benefits of buying less, it’s easy to see the environmental benefits as well.

More:
“Luxury Consumers Scrimp for the Sake of the Planet, and Because It’s Cheaper,” Wall Street Journal, November 4, 2008:
http://online.wsj.com/article/SB122575617614495083.html#articleTabs%3Darticle

“Shoppers Turn to Consignment Stores,” Wall Street Journal, November 4, 2008: http://online.wsj.com/article/SB122576228664895683.html?mod=dist_smartbrief

Join these CTC members in their Cheap Is Chic goals:
Buy Less Stuff
Buy All My Clothes at Secondhand Stores
Create Less Waste
Have a “Green” Christmas
Purchase More Bulk Items = Less Packaging Waste

Waste-Free Lunch: Part II, Saving Money

Thursday, September 11th, 2008

My three-year-old is in the peak of her “Why?” phase. So when she asks why we have to turn off the water after washing our hands or brushing our teeth, I tell her that we don’t waste water. That, of course, prompts another “Why?” which gives me the chance to explain the interconnectedness of our consumption, the environment, and our own personal budget. (The answer, in case you were wondering, is because wasting isn’t good for the planet and because Mom can’t afford it.)

The same line of reasoning goes for food. That’s why I’m a major proponent of making a monthly menu and a grocery shopping list that I veer from only for fun treats that we consume right away. Since I began the menu/list plan, food rarely spoils in our home. I estimate I save about $25 a week (that’s $1,300 a year)–more if you consider what I’d spend eating out if I hadn’t bought wisely.

In an excellent article posted September 9, 2008, MainStreet.com takes this line of thinking one step further. Wasting food wastes more than food and money. It also wastes water:

“In the U.S., we throw away 30% of our food every year, according to the [Stockholm International Water Institute]. That wastes enough water to meet the needs of every household in North America for a year. It also wastes more than $48 billion a year, the report found.”

For the full MainStreet.com article and more money-saving tips, go here:
http://mainstreet.com/article/lifestyle/food-drink/save-money-food-help-save-world

5 Reasons to Buy Bulk

Friday, August 22nd, 2008
  1. Buying in Bulk Saves Money
    We’re not just talking about buying giant boxes of food a warehouse store. (Although, if you eat that many Cheerios in a month, it can save you money.) We’re talking about the bulk bins at your local grocery store, where you can buy everything from rice, beans, flours, and spices to cereals, nuts, dried fruits, and pastas.
    You can save serious money shopping from these bins—10 to 30 percent off prepackaged prices.

  2. Less Trash
    Compare the packaging of 10 cans of kidney beans to one bag. Or three 10-ounce boxes of cereal (three cardboard boxes and three un-recyclable plastic liners) to one bag and a twist tie. You can also reuse your bulk bin bag and twist tie to reduce your waste even more.
    If you’re super-attached to your old cereal boxes, save them and place your reusable bag inside.
  3. Less Goes to Waste
    When you buy from the buy bins, you can buy the exact amount you need, so less is likely to spoil and go to waste.
  4. Food Often Tastes Better
    Canned beans, for example, are more convenient, but once you get into the rhythm of pre-soaking beans and cooking them the night before, you’ll find beans from the bulk bins taste much better. They harbor none of the metallic aftertaste found in canned beans.
  5. A Chemical Found in Most Canned Foods Is Linked to Cancer
    Unbelievable as it sounds, it’s true. Most food and drink cans are lined with a plastic resin that contains a chemical compound called bisphenol A (BPA). Due to a growing concern about the harmful health effects of BPA, it is being banned from baby bottles in Canada and many plastic-bottle manufacturers are voluntarily phasing it out of their products. The makers of cans, however, have not felt the wrath of consumers yet, so most plan to continue using it.

    More resources on BPA in cans, and, if you can’t buy fresh, who offers BPA-free cans:

    “BPA Danger May Be Greater in Tin Cans Than in Water Bottles,” TreeHugger
    http://www.treehugger.com/files/2008/04/bpa-danger-from-cans.php

    A list of companies that use BPA in cans, from Organic Grace
    http://organicgrace.com/node/316

    “Where to Find BPA-free Cans,” Julie’s Health Club
    http://featuresblogs.chicagotribune.com/features_julieshealthclub/2008/06/where-to-find-b.html

The Secret to Lowering Your Dry-Cleaning Bill and Saving the Planet

Tuesday, July 22nd, 2008
Nuri's Dry Cleaners
Creative Commons License photo credit: TheeErin

Here’s something the dry cleaning industry doesn’t want you to know: You don’t need them. Really. Most items in your closet, even the ones labeled “dry clean only” are hand-washable in mild detergent. I know. I’ve tried it myself on suits for work, wool sweaters, silk shirts, and more. Over the course of a year, I easily save $200-$350 just skipping the dry cleaner.

Save Even More Compared to “Green” Cleaners

I save even more if you compare what I’d spend at a “green” dry cleaner. I tried one once. It cost me $20 compared to the $6 at my standard cleaner, and it shrank my sweater. Good thing 3/4-length sleeves are “in” right now! Though, in all fairness, they did warn me that their environmentally friendly method has a tendency to shrink woolens.

Sure, dry cleaning has its immediate benefits, namely, someone else is doing your washing and pressing. But when you take the economic cost to you and the environmental impact (lots of non-biodegradable plastic bags and wire hangers in the landfill, toxins released into your home and our waterways) and compare it to a little extra work on your part, the choice is clear.
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