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8 Ways To Make Your Money Greener

8 Ways To Make Your Money Greener

Author: Asia Martin 


Teenage Swedish climate activist Greta Thunberg grabbed headlines in the U.S. last month when she traveled to the 2019 UN Climate Action Summit in a sailboat and then accused adults of having stolen her generation’s hopes and dreams with their inaction on climate change. But in her home country, Thunberg and her movement already seem to be having an effect on the habits of adults; domestic air travel is falling in Sweden as she’s become the face of a push to reduce air travel.

Even if you’re not ready to cut back on flying, there are other ways you can have a personal and positive impact on the environment. One of the most obvious is with your money—how you bank it, invest it, spend it and share it.  Here are eight ways to make your money greener (or promote other causes you deem worthy). 

1. Switch Banks

We get it. Switching banks is a hassle. In the most recent year studied,  J.D. Power reports, only 4% of bank customers made a switch. More often, consumers simply add a bank when they want a new service and end up banking with more than one institution

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Still, if you’re ready to leave your bank or add a new one, it makes sense to include an institution’s environmental policies in your search criteria. That can mean either looking for banks that were created with a green or social mission, or checking out established banks’ environmental records.

A few organizations track banks that have embraced an environmental mission. For example, the website of Green America promotes banks and credit unions that have partnered with its efforts. If you’re in the New York and D.C. area, you’ll see Amalgamated Bank pop up. From D.C. to Virginia, there’s United Bank.

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