Practical Ways to Reduce Your Carbon Footprint and Save Money

Practical Ways to Reduce Your Carbon Footprint and Save Money


September 26, 2023 | Allison Robertson

Practical Ways to Reduce Your Carbon Footprint and Save Money


The Secret Cost Saving Benefits of Lowering Your Carbon Footprint

Cash and eco-friendly woman split image

Advertisement

In a world facing increasingly serious environmental concerns, each of us has a role to play in reducing our carbon footprint.

However, did you know that many steps to become more eco-friendly can also save you money?

Here are some practical ways you can contribute to the health of our planet while keeping more green in your wallet.

Embrace Energy Efficiency

Washing MachineAdobe

Advertisement

Energy-efficient appliances and light bulbs can significantly reduce your home's energy consumption.

Not only does this reduce your carbon footprint, but it also saves you money on utility bills.

Look for Energy Star certified products that are designed to use up to 25% less energy than standard models.

Unplug Electronics

ToasterAdobe

Advertisement

Devices consume power even when they're turned off, known as "phantom power".

This is true for your television, computer, and even small appliances like toasters, coffee makers, and kettles.

To combat this, unplug your electronics and small appliances when not in use, or invest in a power strip with an on/off switch.

This simple habit can help reduce electricity usage and lower your utility bills.

Mind Your Commute

BusAdobe

Advertisement

Choose biking, walking, or public transportation over driving whenever possible.

If driving is necessary, consider investing in a fuel-efficient, hybrid, or electric vehicle. Carpooling is another great way to reduce CO2 emissions.

These methods not only decrease your carbon footprint but also save you money on fuel and car maintenance.

Go Local and Seasonal

Shop LocalAdobe

Advertisement

Choosing to buy local and in-season products supports local agriculture and reduces the carbon footprint associated with long-distance food transportation.

Often, these items are also fresher and cheaper.

Rethink Your Diet

Plant Based DietAdobe

Advertisement

Cutting back on your meat and dairy intake, especially from factory farms, can drastically reduce your carbon footprint.

Consider incorporating more plant-based meals into your diet.

When you do consume meat, opt for locally sourced, sustainably raised options.

Not only is this better for the planet, but it's often cheaper too.

Lean on Laundry Efficiencies

Clothes LineAdobe

Advertisement

Opting to wash your clothes in cold water can save up to 90% of the energy used per load when compared to hot water.

Additionally, air-drying your clothes instead of using the dryer extends the life of your clothing and reduces energy consumption, helping you save money on your energy bill and clothing costs.

Reusables to the Rescue

Reusable LunchAdobe

Advertisement

Investing in reusable products like lunch containers, water bottles, shopping bags, and rechargeable batteries significantly reduces the waste produced from single-use items.

Though these products might cost a bit more upfront, they save money in the long run by eliminating the need for continuous purchases.

Waste Not, Want Not

Reduce, Reuse, RecycleAdobe

Advertisement

Following the mantra of "reduce, reuse, recycle" isn't just eco-friendly—it's budget-friendly too.

Buy used or repurposed items, compost organic waste, and recycle as much as possible.

These habits save you money and help reduce the resources needed for new production and waste management.

Reducing your carbon footprint isn't an insurmountable task.

By implementing these simple, practical steps, you can foster a more sustainable lifestyle and save money simultaneously.

So, why not start making these changes today? Both your wallet and Mother Earth will thank you.


READ MORE

Man looking at tax documents

I trusted my cousin to do my taxes. Now the CRA says I committed fraud. How do I fix this mess?

Many taxpayers rely on relatives to prepare their returns because it feels practical. A family member may have accounting experience and past success in filing their own taxes. They also definitely charge less than a licensed professional, so it sounds like a safe decision. The truth is that in cross-border or complex filings, that trust can turn into a serious problem. The Canada Revenue Agency holds the taxpayer legally responsible for all information submitted, regardless of who prepared the return. If the CRA later identifies unreported income, false deductions, or missing disclosures, the issue becomes the taxpayer’s liability. Understanding how this happens is the first step to correcting it quickly and limiting damage.
January 5, 2026 Miles Brucker

I’m 47 and want to reach FIRE by 55. What should my target number be?

At 47, deciding you want to FIRE—Financial Independence, Retire Early—by 55 is both ambitious and totally doable. You’re not talking about some hazy “someday” plan anymore. You’ve got about eight years, which means every decision now actually matters.
January 5, 2026 Peter Kinney
Fct Internal + Fb Image

It's not an illusion: Companies are stealing value from products and your purchases don't go as far as they used to.

That satisfied feeling after shopping once lasted for weeks. Today, many people find themselves back in the aisle days later, scanning receipts and cupboards, wondering how full bags emptied so fast.
January 5, 2026 Miles Brucker
Baby Investing - Fb

They always said investing $1,000 at the birth could change everything. What it does now is just depressing.

Investing $1,000 at birth sounds like a powerful advantage, as market growth and optimistic projections create high expectations. Yet when the numbers are examined closely, the outcome looks far more modest.
January 5, 2026 Marlon Wright
thrift

A woman paid $6 for a thrift-store necklace and later discovered it was worth $50,000.

A thrift-store shopper found a $6 necklace adorned with emeralds and diamonds. After expert appraisal on PBS’s Antiques Roadshow, it was valued between $50,000 and $60,000.
January 5, 2026 Allison Robertson
Man standing in conference room

I stupidly left my coworker $500 "until payday." That was six months ago. I see him every day. How do I confront him?

A payday loan between coworkers sounds harmless until payday never arrives. Six months can feel like six years when a borrowed five hundred bucks keeps hanging over your desk like a flickering fluorescent light. You still show up, answer messages, tackle projects, and pass each other by the break-room coffee pod carousel, but the silence around the debt grows louder. The tension can feel almost physical—like the room tightens an inch every time your coworker walks in. Money issues don’t stay in wallets for long; they seep into workplace dynamics fast. That’s why a smart, steady plan protects your cash and your peace.
January 2, 2026 Miles Brucker


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team