Can You Really Save Money by Going Green? (And How Much?)

Electric cars, solar power, organic food... They may be great for the earth, but what about my pocketbook?

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Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Jon Fortenbury
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Sara Roma
Images by: Shutterstock
Music by: APM

[tanmay______]

Remember, reuse is better than recycle. It would sometimes cost the environment less to keep driving your current gas car till its end of life rather than buying a shiny new electric car.

[mohammedriyazbains]

Bitcoin is the future investing in it now is the wisest thing to do now especially the current rise

[hayatrachi]

I am honestly so happy to see the return of 'RUN THE NUMBERS'!

[chattycathy]

I invested in solar panels on my house. It was $33, 000 but I have no regrets. This video pointed out all the things I really care about. Thank you for making it.

[KaironQD]

The low-flow shower head doesn't save heaps of money, but as someone living in California that actual water savings is HUGE! We're gonna have another record drought to deal with this year and every drop counts!

[anthonymendez]

*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does, * *which is investing, * *investing and investing.*

[qwerty_and_azerty]

While I absolutely agree 100% that personal responsibility towards climate change is important, let’s not forget that the best way to save money is through economies of scale. That means getting large corporations and governments to do most of the heavy lifting when it comes to large scale, high-impact solutions to climate change. If you really care about the environment, invest just as much of your time and energy pushing for green policies as you do in personal green practices. The planet will thank you.

[humzasulaiman]

I get so excited when it's time to RUN THE NUMBERS!!

[letsgoOs]

one of the most green things you can do is buy clothes used. you will save a ton of money and super green since no new material is needed.

[Snowshowslow]

I'm glad you also touched on the other (more important) reasons to go green near the end. Too often people only look at the bottom line and declare something a poor investment.

[dylanfinch]

Talking about finances is taboo in my area. It's considered an insult to ask what someone makes or how they set up their finances. In school they offered no financial advice or anything, and in my family it was considered dirty to talk about your finances. I'm 24 and I have more debt than I ever imagined I would have, and I never even got a college loan. These videos give me a little hope that I can change my life.

[FinancialShinanigan]

"Run The Numbers" straight into our hearts

[goodislumpkins]

Really wish you wouldn't lump "Organic" farming in with other green activities. Buying organic is largely more damaging to the environment, takes up more land, and produces more waste than other conventional farming technics. It still uses pesticides and fertilizers which can be just as damaging to the neighboring environment and for the most part is just a marketing ploy.

[TheFallfSummer]

as a math & physics nerd, i am ENTHRALLED by the extended version of 'run the numbers' this time around 👏🏼🤣

[jonathanbautista]

As a fellow math nerd and a person who deeply cares about our environment, I am very pleased with this video. Thank you.

[lgsmith]

This is a great video! In addition to what you two talked about, reducing general consumption of products will save money and reduce your emissions. Most importantly, reducing your consumption of animal products is the biggest action you can take -- and it will save money (and animals' lives)!

[ScrapPalletMan]

Yes!! My job as a Street Scrapper is certainly Green and I've never made more money in my life.

[jaymoney]

I replaced every bulb in my house (about 35 bulbs) with LED bulbs for about $40 total. I used a combination of sales, rebates, etc. It lowered my electric bill by about $20 a month.

[el_larva]

When electricity is costly, believe me, you will go green pretty quick

[craftypam]

I'm reeling from the thought of Sam's home with 40 light bulbs on for 5 hours a day. How big is her home? How many people share it? Is she in the Arctic Circle, with low light levels? We just worked out that we might, possibly, maybe reach an equivalent of 4 bulbs for 5 hours - though not all at the same time, and less in summer! When calculating the savings on the showers, we can include the cost of the water, as our water is metered, charged by the cubic metre. (You guessed it - we're in the UK!)