8 environmentally friendly ways to save money

It’s more important than ever to make environmentally conscious decisions. The good news is, these decisions don’t always have to be a sacrifice – in fact, they can do wonders for your finances. Here are some tips that’ll help you save, while doing your bit to help protect the planet.

Start with the basics

1. Remember your reusable cup

Taking a break from work and for your morning cup of coffee can be one of the highlights of the day. But a $4 flat white five days a week adds up, and adds five disposable cups to landfill. Wherever you can with COVID-19, bring your own cup to reduce the impact of your daily brew on the environment – some cafes will slash a little off the price for it.​

Take it further: Make your own coffee instead. Instant doesn’t have to be bad if you use quality grounds and a good machine – just consider avoiding disposable coffee pods.​

Bonus tip: Take your homemade coffee and enjoy a walk in the fresh air to keep the benefits of the break and exercise.

2. Switch things off

When you’re not using them, consider switching appliances off at the source. You can also try collecting your shower water or install a rain barrel in your backyard to collect water for gardening – mother earth and your water bill will both be better off for it.

3. Drive less​

This tip ends up benefiting your health as well as your wallet and the environment. Is there anywhere you can ride or walk instead of taking your car – to work, to visit a friend or to the supermarket? You’ll save money on fuel and parking, and help the planet by doing it.

4. Buy reusable​

There are a lot of good quality reusable water bottles on the market. You don't have to spend money on plastic water bottles whenever you get caught out with a dry throat.​

Take it further: Store reusable grocery bags in your car or next to your bike/walking shoes, so you don't forget them when you go shopping. If you’re a fan of straws or use a lot of disposable cutlery for your lunch, invest in a metal straw and bamboo knife and fork.

Get creative

5. Embrace DIY

There are recipes all over the web for making cheap and easy cleaning products from the likes of vinegar, baking soda and lemon juice. Or hop on YouTube and learn how to repair your own clothes instead of replacing them.

Take it further: If your clothes seem unsalvageable, turn them into something else. There are countless tutorials out there for turning oversized tees into tank tops or lycra leggings into bikinis.

6. Plant a herb garden​

How big is your herb collection, and how much does it cost you to replenish it every few weeks? It might seem like a trace amount of money, but it adds up. Become a green thumb by planting a few herbs in your back yard. They’re easy to grow, will save you money, are more fragrant than the store-bought stuff and will help you cut down on waste.

Work smart (and cheap), not hard

7. Borrow and share​

You could spend money on a new lawnmower, or you could walk over to your neighbours’ and ask to borrow theirs. Nobody uses everything they have 24/7, and you could end up saving a small fortune on something you would only have used once in a blue moon. Return the favour by offering something you have that they don’t.

8. Cut down on food waste​

You might love trying out new recipes that call for fresh ginger or blue cheese. But buying ingredients for a single recipe every day can hurt your wallet and lead to a lot of food waste. Try planning your meals in advance and stick to the same dish for the week so you can buy items in bulk. It’ll mean fewer trips to the grocery store and getting better use out of those ingredients that are hard to buy single-serve.​

Want to know how much your environmentally friendly habits are helping your savings? Track your savings goals in the Bankwest App so you can see how much closer you're getting to reaching your target.

Need help?

You can message us in the Bankwest App or online banking, or call us – we’re here 24/7.

The information contained in this article is of a general nature and is not intended to be nor should it be considered as professional advice. You should not act on the basis of anything contained in this article without first obtaining specific professional advice. Also to the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accept no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained in this article.