how to be sustainable on a budget
a financial wellbeing guide to sustainability
tl;dr
- Sustainable spending is about mindset, not just money.
- Aligning your spending with your values is key to financial wellbeing.
- Avoid the existentialism: set a clear, achievable goal that aligns with your values.
Sustainability and financial wellbeing often feel like they exist at opposite ends of the spectrum. The mere thought of buying sustainably can conjure up images of high-end organic products, and the likes of spenny, 100% linen clothes. Or even worse, giving into greenwashing companies who are often the cheaper option.
For many, the price tag of a sustainable lifestyle seems out of reach. But what if I told you that sustainability and financial wellbeing can go hand-in-hand, even on a tight budget? It’s all about aligning your spending with your core values and cultivating sustainable habits that don’t break the bank.
understanding financial wellbeing
Financial wellbeing isn't just about having money; it's about feeling in control of your finances and aligning your spending with your values. When you make spending decisions that reflect what's important to you, like sustainability, you not only support causes you care about, but you also foster a healthier relationship with money.
sustainable spending: it’s about mindset, not just money
The first step to being sustainable on a budget is shifting your mindset. Sustainability isn't only about the products you buy, it's about the choices you make. Here’s how you can practise sustainable spending:
1. mending fast-fashion
Of course, fast-fashion is always going to be the cheaper option. But where possible, focus on quality. Investing in durable, timeless pieces might have a higher upfront cost, but they’ll save you money in the long run because they’ll simply last longer and need to be replaced less frequently. And when it comes to the fast-fashion clothes you own, consider mending, repurposing, or donating / selling them on when the time comes. Because fast-fashion is often inevitable, giving them as much life as possible can help them avoid landfill.
2. embrace minimalism
Less is often more. By adopting a minimalist mindset, you can reduce clutter, save money, and live more sustainably. Ask yourself if you truly need an item before purchasing it (Marie-Kondo style, think: does this really spark joy?). This practice not only reduces waste but also encourages mindful spending, ensuring that your purchases align with your values and financial goals.
3. diy and repurpose
Before you rush to buy something new, consider if you can make it yourself or repurpose something you already have. DIY projects can be fun, rewarding, easy (thanks to YouTube and TikTok tutorials) and significantly cheaper than buying new. From upcycling old furniture to creating your own cleaning products, the possibilities are endless and often kinder to your wallet and the planet.
practical tips for sustainable spending on a budget
1. plan your purchases
Impulse buying is a common hurdle, especially when trying to live more sustainably. To best avoid it, plan your purchases ahead of time. Make a list of what you need and stick to it. This helps you avoid unnecessary purchases and ensures you buy items that you truly need and align with your values.
🤑 Find out how impulsive you are in the Good With app
2. shop secondhand
Charity shops and apps like Vinted and Depop are treasure troves for sustainable shoppers on a budget. Buying secondhand reduces waste and is often much cheaper than buying new. Plus, you can find unique items that add character to your wardrobe or home.
3. take advantage of local resources
Many Student Unions and local communities offer resources that can help you live more sustainably without spending a lot of money. Community gardens, clothing swaps, and libraries are just a few examples.
4. monitor energy and resource use
If possible, being mindful of your energy and resource consumption can lead to significant savings. Simple changes like turning off lights when not in use, using energy-efficient appliances, and reducing water waste can lower your utility bills and your environmental footprint.
aligning spending with values
Aligning your spending with your values is key to financial wellbeing. When your financial decisions reflect your personal values, you’re more likely to feel satisfied and in control of your money. Here’s how to align your spending with your value of sustainability:
1. set clear goals
It’s often easy to feel overwhelmed with everything sustainability and environmental, but it’s important to remember that nobody is perfect! Define what sustainability means to you and set clear, achievable goals. This could be sticking to buying second-hand clothes, minimising waste, or supporting ethical brands. Having clear goals helps guide your spending decisions and keeps you focused on what matters most to you.
2. reflect on your purchases
Regularly reflect on your purchases to ensure they align with your goals. This can be as simple as reflecting on your monthly expenses and asking yourself if your spending reflects your values.
3. learn!
Stay informed about sustainable practices and products. The more you know, the better equipped you’ll be to make choices that align with your values.
🧠 Learn about spending influences in the Good With app
the bigger picture
Being sustainable is more than just buying sustainable (and often expensive) products. Being sustainable on a budget is more than just saving money. It’s about creating a lifestyle that reflects your values and enhances your financial wellbeing. By prioritising quality, values, and making mindful, informed choices, you can live sustainably without compromising your financial health.
Remember, sustainability is a journey, not a destination. Small, consistent changes can lead to significant impacts over time. Aligning your spending with your core values not only supports a sustainable lifestyle but also fosters a healthier, more fulfilling relationship with money.