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Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts

Ten Easy Ways to Green Living


It all seems so daunting.

Climate change. Carbon credits. Biofuels, hydrogen power, and solar energy. The vocabulary of a new century. There's a lot to learn.

The news is full of disturbing reports about global warming, threatened species, and the gradual realization that the way we live -- particularly in the developed nations -- will have to change if we want to enjoy a clean and sustainable future.

But there's no reason to feel overwhelmed. Every journey begins with a single step. At Lighter Footstep, we've rounded-up the ten easiest ways for you to start moving toward a lighter lifestyle. Some cost nothing at all. Others provide a lot bang for your eco-dollar. In every case, these ideas will save you money, cut energy use, and help balance your household's greenhouse gas budget -- the amount of carbon dioxide released into the atmosphere to produce goods or electrical power.

So pick a few, and give them a try. Before long, you'll establish the habits we all need to develop as we face the challenges of a resource-hungry planet.


CFL bulbMake the switch to Compact Fluorescent Lightbulbs (CFLs). Just a few years ago, CFLs were bulky, expensive, and hard to find. Thanks to environmental commitments by companies such as Wal-Mart, CFLs are now readily available at about $2.00 each. That's more expensive at purchase than incandescent bulbs, but lumen for lumen (the unit by which a light bulb's brightness is measured), CLFs use much less power. They also last up to ten times longer than regular bulbs. That means that the average CFL bulb will save $30 in energy costs over the course of its life. According to the U.S. Environmental Protection Agency, if every American household were to swap just one bulb to CFL, we would save enough energy to light more than 2.5 million homes for a year and prevent greenhouse gases equivalent to the emissions of nearly 800,000 cars.


old-style thermostatMonitor your thermostat. Small changes make a big difference over time. Make a note of where you normally keep your thermostat. Once you've got an idea where it is usually set in the summer and winter, make the Two Degree Pledge: up two degrees in the warmer months, and down two degrees when it's cold. Check Lighter Footstep for energy-efficient ways to stay comfortable through the seasons and save up to $100 a year on your power bill. That's equivalent to one ton of greenhouse gases which would have been produced by the energy you saved.


air conditionerClean or replace your air conditioning filter. Depending on where you live, air conditioning filters can get dirty in a matter of days. An air conditioner with a clogged filter has to work harder, which means higher power bills and the creation of more greenhouse emissions. Running clean, you can save up to $150 each year. You'll also enjoy the benefit of fewer allergy causing particles in the air, and a more comfortable home or office.


electric wall plateUnplug idle appliances and electronic devices. Just because that cellphone charger doesn't have a phone attached to it doesn't mean it's not drawing energy. Devices such as televisions with standby modes can use up to half the power they would draw when turned on. Don't just turn something off: unplug it. The average household can save up to several hundred dollars a year just by pulling the plug on silent energy vampires.


low-flow showerheadBuy a low-flow shower head with a shutoff valve. In most homes, you can replace an old-style shower head with a modern unit in about fifteen minutes. You'll reap two-pronged savings, both in water and the energy you'd have used to heat it. You're also saving your community the power it would have used to treat the wastewater. The benefits can be pretty impressive, since water heaters account for about 25-percent of home energy use. Put several hundred dollars back into your budget each year and keep water use to a minimum.


antique gas pumpDrive smarter. In real world testing of common fuel-saving tips, the Edmund Automotive Network found some surprises. First, it's a good thing to keep tires properly inflated, and this is a commonly recommended strategy for saving gas. But Edmund found others which make a more noticeable difference. Use your cruise control on the highway for up to a 15-percent improvement in mileage. Driving less aggressively is the single most effective way to save gasoline: accelerate out of lights more gently, avoid rapid braking, and only drive as fast as you must. And turn off your engine rather than idling excessively. If your car starts reliably, consider shutting it down at long lights. Skip the drive-through window, park, and walk your business inside whenever possible.


spark plugGet an annual tune-up for your car. At $200 to $300, a full engine tune-up sounds like a pricey way to save fuel and money. In practice, it's a good investment. A faulty oxygen sensor, for instance, can penalize your car up to 3 miles per gallon. Worn spark plugs and dirty air filters can cost you another 4 MPG. It all adds up -- fast. Set a fixed time each year to give your car the attention it needs. And check that fuel cap, while you're at it. A loose or poorly sealed cap will vent gasoline vapor, polluting the air and costing you up to 2 miles per gallon. Tighten up!


antique bicycle Dust-off that bike. Bicycles are the most efficient form of human transportation, and the only thing they burn is calories. Consider whether bike commuting might fit your lifestyle. Even if this isn't the case, bicycles are a healthy and environmentally friendly way to run those short errands. You'll need a helmet, a good lock, and proper lighting if you're out before dawn or after dusk. Start by resolving to use your bicycle instead of a car just once a week, a build from there. Watch Lighter Footstep for articles on choosing an appropriate commuter bike and outfitting for comfort and safety.


broccoli on a forkGo meatless once a week. If you're not already practicing a vegetarian diet, consider cutting back on the amount of meat in you consume. As Frances Moore Lappé pointed out in her bestselling book, Diet for a Small Planet, livestock production absorbs sixteen pounds of grain and soy feed for every pound of meat that actually gets to the plate. Each calorie of animal protein requires 78 calories of fossil fuels to produce, and irrigation directly associated with livestock production (including feeds) amounts to about half of all the consumed water in the United States. Give meatless substitutes like Boca Burgers a try, or scan vegetarian recipes for healthy and earth-friendly meal ideas.


the four seasonsBuy local; buy in season. According to the non-profit group Sustainable Table, the typical carrot travels 1,838 miles before it ends up in your kitchen. That's a lot of food miles, and a tremendous amount of wasted fossil fuels and packaging. Buying regionally produced food is a keystone of sustainability: not only does it save the energy costs associated with shipping bulk produce, it keeps a portion of your grocery money close to where live. So locate your local farmer's market and add it to your weekly errands. You'll be supporting local growers while enjoying fresh, seasonal produce.

By the time you've a few of these steps, you'll probably be thinking of other actionable ways to present a lighter environmental footstep. And that's how meaningful change begins: consistent, incremental improvements to the way we manage our personal and community resources. Join with Lighter Footstep in fashioning a wiser and more sustainable future.

How to Choose the Right Mortgage and Save Money


When purchasing a new home, a mortgage can be a great investment tool. Making sense of fixed, arms, reverse amortization, and interest only loans can save you thousands.

The right mortgage can save you thousands of dollars, while the wrong mortgage can put your house in jeopardy. With all the mortgage products on the market, it is more important than ever to understand real estate financing.

Making Sense of Mortgage Options

Start by simply understanding your options. People with average credit ratings or better should be able to secure a fixed mortgage for a traditional 30 year term. This essentially means you pay the same mortgage payment monthly for the entire loan period. Alternatively, you also have the option of choosing a 1, 5, or 10 year Adjustable Rate Mortgage (ARM). These mortgages adjust to the market rate after 1, 5, or 10 years. This could be up or down, depending on how interest rates move. Essentially, this means you could either be paying more or less when your rate lock period ends. Rates traditionally don’t move significantly, so don’t expect any major surprises. However, over the course of a 30 year loan rates could change significantly.

People with no or bad credit should expect higher rates on these standard products. Additionally, you may have to reach into the sub-prime lending market. These loans typically have much higher interest rates and a variety of different structure. Importantly, when evaluating these loans, ensure there is no penalty for prepayment. Your major goal should be to pay off these loans as soon as possible or refinance to a lower interest rate when your credit improves.

Many other products exist. Reverse amortization, interest only, balloon mortgages, etc. offer a variety of payment terms, while increasing the cost (and sometimes the risk) to the buyer. Unless you have alternative investments, traditional mortgages provide the best option for purchasing a home. Regardless of the mortgage you choose, understand the payment schedule, fees, penalties, and ways the interest rate can be adjusted. Always remember that it is in everyone’s best interest for you to pay off your loan on time.

The Down Payment and the Interest Rate

The two most important parts of the mortgage are the down payment and the interest rate. There are two schools of thought when it comes to paying down a mortgage. Some people suggest paying down your mortgage as soon as possible, while others suggest making minimum payments to maximize your tax advantage. Bottom line, if you are an active investor (401k, real estate, stocks, etc.) it is probably best to pay as little down as possible. If you have good credit, try getting a 100% mortgage. While you will have to pay a higher interest rate, the cost of borrowing for your personal home will be cheaper than the returns you can get from investing.

In contrast, if you are not an active investor, your mortgage can make a reasonable investment vehicle. When most savings accounts offer 2.5% to 4% interest, it makes more sense to pay off your mortgage that charges 6.5% to 7.5%. You are essentially saving about 1.5% on every dollar you repay. The only short coming of this investment strategy is the lack of compounding you would receive with a traditional investment. If you are still young (18-55), consider a tax deferred IRA. You get similar tax benefits, plus a return that can be compounded, basically leaving you more money in the long run.

Understand that everything in this process is negotiable. Your goal should be to minimize the down payment and the interest rate. Typically, the higher the down payment the lower the interest rate and vice versa. Shop around using a mortgage broker to save yourself some time and legwork.

Finally, decide on the right mortgage for you. You should be able to comfortably make the payments and have enough in savings to cover at least three months of payments. This provides a buffer in case of layoff or any other possible tragedy that might occur during the homeownership. Additionally, make sure you get to know your loan officer. A good relationship with your banker could save your house. Banks can be far more flexible than most people think. Again, banks do not want to foreclose on houses because it cost them far more money than they make. While a mortgage is simply a tool to purchase a house, managing this tool properly can save you thousands.

Tips on how to save green by going green


Want to do something good for the environment but unwilling to give up your car, grow your own vegetables or start living off the electrical grid? Relax. Doing something good for the environment is easier than you might think and can actually save you money, too. We spoke to local experts on how you can make your lifestyle a little greener.

“The easiest steps to take are those that are practical as well [environmentally friendly], whether they’ll save you money or improve the health of you and your family,” said Jenna Rose, of A Fresh Squeeze, whose bi-weekly emails give subscribers practical ways to live more sustainably. “It’s easiest to start with those first and progress on to the acts that require more of a sacrifice later on.”

1. Bottle your own water
A bottle of Aquafina at the office vending machine often costs $1.25 or more. Add to that the cost the environment and that drink is a lot more taxing than you think. According to Stephen Bell of the Chicago City for Green Technology, a city agency that promotes “green” homes, workplaces and communities, it takes three times the amount of water you’re buying to produce just the container. The stuff you get out of your tap, he adds, is likely as good as or better than what you buy in a bottle. Adding a filter to your tap or buying a Britta water pitcher can give you filtered water at home. For drinks on the go, you can buy a reusable plastic bottle from Nalgene for about $10. Some people favor aluminum bottles, such as those made by Sigg, which run between $15 and $20 and last longer than plastic bottles.

2. Shop vintage
When you’re shopping for your first apartment or looking to cheaply furnish your guest room, it can be tempting to head to the nearest IKEA. But new furniture made from plywood and particle board emit volatile organic compounds, or VOCs, toxic gases that can make your living room an unhealthy environment. To avoid polluting your home, A Fresh Squeeze’s Rose recommends heading to your local flea market for second-hand furniture made from hardwood that is a lot cheaper than what you can buy new. “If you are reusing a product, you are reducing the stress on raw materials and also the energy cost of producing and transporting those materials,” Rose says. “You don’t have to track down another tree to make a chair because you’re using a chair that’s already made.”

3. Lighten up your “phantom loads”
Cell phone chargers, computers and other electronic devices continue to draw electricity even when they’re not in use, a process known as a “phantom load.” Rose recommends reducing energy usage by unplugging your cell phone charger from the outlet, plugging your computer into a powerstrip and turning your computer off when you’re done using it.

4. Drive differently
Not everyone lives in a pedestrian-friendly community or has access to public transportation, but there are ways you can improve your energy efficiency in the trips you take every day. The easiest one, Rose says, is to drive the speed limit, which improves your fuel efficiency, lets you spend less money on gas and reduces your carbon emissions. Rose also suggests planning your trips in advance to link your errands together, thereby reducing the number of single trips you make.

Joining a carpool or starting one yourself is another way to save money on gas. At www.erideshare.com and www.carpoolworld.com, you can connect with other people looking to swap rides in the Chicago region and offer your own car up for use.

For those who live in Oak Park, Evanston and the Chicago city limits, the I-GO car sharing service is another option for eliminating or reducing the cost of car ownership. Using figures from the American Automobile Association of Chicago, a 40-mile round-trip commute costs $21.27 per day, $638 a month and $7,657 annually. These figures include gas, maintenance, tires, insurance and more. Members of I-GO pay a one-time membership fee of $75 and a minimum driving fee of $6 an hour and 50 cents a mile, including gas.

5. Eat your vegetables
During the summer season, farmer’s markets are a great way to save money on food, do something good for the earth and get all your vitamins and minerals. “A lot of times you can find organic produce that’s reasonable compared with what you can find at a traditional grocery store,” Rose said. Additionally, the shorter the distance a potato is transported from field to table, the better it is for the environment and the fresher it is. Most towns in the Chicago area have weekly markets. To locate one by zipcode, you can check out www. localharvest.org.

Another way to eat more vegetables is to join a community supported agricultural cooperative. New Leaf Natural Grocery store in Rogers Park delivers boxes of organic produce to homes from Wilmette to the South Loop. A mixed box, including foods such as kale, mushrooms, lettuce, bananas, mangoes, and strawberries costs as little as $15 a week for a one- to two-person household – a cost savings of 25 to 50 percent over a traditional grocery store, according to owner Steve Parkes. “We try to keep it varied and interesting,” he said. “It makes it nice for our customers to eat a lot of different kinds of foods that they wouldn’t ordinarily eat.”

Eating a vegetarian meal a couple of times a week can make a difference, too. The energy cost of planting, fertilizing and harvesting the corn to feed the cow that becomes your $6.50 sirloin steak dinner could be reduced if you chose beans over beef just once a week.

6. Change it up
You’ve heard this one before, but it bears repeating. Bell, from the Chicago Center for Green Technology, says compact florescent lightbulbs use up to 66 percent less energy than regular incandescent bulbs, last up to ten times longer and can save up to $30 in energy costs over the lifetime of the bulb. That can be a bright spot on your next energy bill.


Get relief from Credit Card debt


Credit card debt relief is what every debt-struck credit card holder is looking for. Credit card debt relief is not just about reducing or eliminating credit card debt; credit card debt relief is also about getting de-stressed. Credit card debt relief is about working for oneself and not just for the credit card debt that you have on you. Yes, it’s unfortunate but true. In fact, you can hear statements like “I have got a better job, now I can pack up my credit card debt even faster”. So, in that sense, credit card debt relief is really about getting your life back on the normal track.

The most important credit card debt relief comes in the form of de-stressing you. Everyone knows about the harmful effects of stress; so, if credit card debt relief means postponing your purchases for later, you should do so. There are no goods out there that can give you as much joy as credit card debt relief can. Besides postponing the purchase of your favourite goods, there are few more things that you need to bring into practice in order to get credit card debt relief.

Most of these credit card debt relief mechanisms advocate restraint spending e.g. preparing a (tight) monthly budget and sticking to it. Using cash instead of card for making the payments for your purchases is another advice. Debt consolidation is another popular way of getting credit card debt relief. You will find a lot of advice (and you can even hire a consultant) for ways to achieving credit card debt relief. So, there is no dearth of advice on credit card debt relief or credit card debt consolidation or credit card debt elimination. However, what is not so common is the advice on how to act in the post ‘credit card debt relief’ period i.e. after credit card debt elimination. It goes without saying that if you don’t exercise care in the post ‘credit card debt relief’ period, you might again fall a prey to credit card debt. So, if you have been refraining from making purchases, you should not, all of a sudden, start purchasing all those favourite goods that you had been avoiding. The recommended guidelines for post ‘credit card debt relief’ period are not much different from the ones for achieving credit card debt relief.

Here are the top 5:
1. Plan your expenses using a monthly budget
2. Do not buy anything that you don’t need
3. Do not go for too many credit cards (just one or two should be sufficient)
4. Always make full payments of your credit card bill and do it before the due date
5. Never use more than 60-70% of the credit limit available to you.