Your Interest Payments Are Not So Eco Friendly!
We probably all owe money on something – but it isn’t doing anyone any favours!
Nobody likes to owe anyone any money – but if you needed any persuasion to pay it off sooner – think about all the good you could be doing with the interest instead:
- £4 a month – become a member of WWF to help save wildlife
- £20 one off donation – help Great Ormond Street Hospital
- £ANY – a year – buy fair trade food instead
- £ANY a quarter – change your energy supplier to a green one
I know we don’t like to spend extra money on things if we don’t have to, but if you are happy to pay that loan interest, or that credit card payment – why not use the same money for other more useful things – rather than just paying the banks!
Pay Off Your Bills Sooner!
I know it sounds obvious, but many people are quite happy to keep paying the minimum payments – and aren’t usually in and hurry to pay them early either.
We all want more money in our pockets – and who can blame us – but paying interest for anything is a complete waste of our money and our money’s potential.
Rather than paying £50 a month for nothing, that money could have helped buy a chunk of rainforest, saved the lives of 100 children in the developing world or helped build a wind farm instead of mining for more oil!
Change Your Life:
By working out how much you are paying a year in interest, you might really see what a difference you could be making to your own life as well.
I’m not talking about the ‘happy feeling’ of not having any debts, I’m talking about all the things you could have done for yourself with the money.
If you are paying a loan repayment of around £100 a month – that is £1200 a year that you could have spent on a training course to change careers, £1200 on stock or services if you were starting an eco business or £1200 to spend on eco renovations to your home.
If you are renting it could mean spending that extra £100 on a larger property, and if you own your home, that money could be paying off your mortgage a lot sooner.
Get Started:
So, speak to an independent financial advisor about the best way to pay off your bills for a better life for you!
Don’t always rely on your same old bank – especially if it them who you owe the money too as they want to keep you with them! They may show you a better deal from their current one – but it will only be to their next best one – not necessarily the best product for you.
I’m not saying that your bank (or any bank) is trying to keep you in debt, it’s just that as a business, they would rather you were in debt with them rather than anyone else! You can’t blame them really can you.
So by using independent or government-run financial agencies, you can be sure of getting a fair deal and great advice.
Get Sorting:
And, to help you out, why not refresh your own thinking to get things moving – after all what you spend on other things can’t go towards paying off your bills – and there could be a better eco friendly option too!
For example, try not to subscribe to magazines that you don’t really read – especially if they are available for less money as online magazines (no paper, no postage, etc).
By reducing your dependence on processed foods and by growing your own vegetables – you could seriously cut down on your food bills, and the same goes for electrical goods – turning off things you only use once in a while can reduce energy bills.
And if you want to buy new clothes – make sure you sell your old ones first!
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Tags: donate now, eco choice, eco friendly, eco friendly choice, eco friendly options, get a loan, going green, green choices, green options, loan, loan repayments, make money, make the right choice, minimum payment, owe money, pay off loan, save money, spend money, subscriptions, waste money