Joan Koonce, Ph.D., AFC ® Extension Financial Planning Specialist.

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Presentation transcript:

Joan Koonce, Ph.D., AFC ® Extension Financial Planning Specialist

Three Green Questions Presentation Overview Can money be saved by going green? Is the amount saved significant enough to improve our financial future? What does it mean to invest green?

Green Savings Transportation Savings Behavior ChangeAnnual Savings Smaller fuel efficient car$884 Hybrid car$1,147 Biodiesel fuel car$800 Proper car maintenance$798 No car$8,580 One less trip per week$215 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Home Energy Savings Behavior ChangeAnnual Savings Home energy audit and $720 (Up to 30%) subsequent changes ($2,400 bill) Seal leaks and add$480 (Up to 20%) insulation ($2,400 bill) Changing your thermostat a few degrees$114 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Home Energy Savings Behavior ChangeAnnual Savings Unplug appliances$94 Buy energy star appliances$50 (one appliance) Use fluorescent bulbs$9 Plant trees and shrubs$177 Turn off the water$72 (only bathroom) Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Shopping Savings Behavior ChangeAnnual Savings 1 less bottle of water a day$500 Buy products in bulk$800 (Up to 33.3%) ($2,400 bill) Take your own bags$31 Eat less meat$312 Make your own green cleaning products$580 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Shopping Savings Behavior ChangeAnnual Savings Buy recycled paper products$40 (toilet tissue) Buy green furniture$400 Sell unused and buy used instead of new items$210 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Recycling Savings Behavior ChangeAnnual Savings Pay only when you have garbage$26 Save on purchases by recycling without reading or opting out of catalogs$1,413 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Green Savings Other Savings at Home and Work Behavior ChangeAnnual Savings Nurse your baby$2,080 Exercise outside$600 Pay bills online$400 Take lunch to work$2,250 Work one day a week from home$215 Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Additional Green Savings Grow your own produce Use green beauty products Green gifts Creative wrapping or recycled wrapping paper Give e-cards or cards made with recycled paper Build or buy a green home Get a green mortgage Source: Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.

Additional Green Benefits Tax Benefits =products.pr_tax_credits#2 =products.pr_tax_credits#2

Investing Your Green Savings

Green Savings Amount saved after 25 0%(Interest) 3%(Interest) Amount saved after 25 9% (Interest) Amount saved after 25 12% (Interest)$2,848 25% of Green Savings $71,200($0)$104,405($33,205)$255,281($184,081)$421,916 ($350, 716) $5,695 50% of Green Savings $142,375($0)$208,773($66,398)$510,473($368,098)$843,685($772,485) $8,543 75% of Green Savings $213,575($0)$313,178($99,603)$765,755($552,180)$1,265,601($1,194,401)

Investing Green: What Does It Mean? Referred to by some as socially responsible or socially conscious investing (SRI or SCI) SRI or SCI includes investing in companies that protect the environment among other things

Definitions No standard definition exists SRI: Investing in companies that operate ethically, provide social benefits, and strive to protect (or not damage) the environment Companies usually avoid business operations that deal with alcohol, gambling, weapons, tobacco, etc. Source: Socially conscious investing. InvestorWords.com. Retrieved July 28, 2008, from InvestorWords.com website:

Definitions Green investing: “Environmentally correct investing” Investing in companies that try to improve (or not damage) the environment through their operations Source: Green investing. InvestorWords.com. Retrieved July 28, 2008, from InvestorWords.com website:

Definitions Environmental fund “A mutual fund which invests exclusively or predominantly in companies which are actively working to improve the environment or have otherwise environmentally friendly business operations.” Source: Environmental fund. InvestorWords.com. Retrieved July 28, 2008, from InvestorWords.com website: html

How to Invest in SR or Green Companies Stocks of SR or green companies Bonds of SR or green companies SR or green mutual funds and exchange- traded funds (EFTs) Greater diversification Currently, only a few SR or green funds exist

Research SR or Green Funds Social Funds Largest personal finance website devoted to SRI Morningstar Information on all types of funds Find articles on SR funds

Research SR or Green Companies Domini 400 Social Index Common stock index of U.S. equities. First benchmark index constructed using environmental, social and governance (ESG) factors. Calvert Social Index Broad-based benchmark for measuring the performance of large, U.S.-based socially responsible companies.

Research SR or Green Companies FTSE4Good Index Measures performance of companies that meet globally recognized corporate responsibility standards and facilitates investment in those companies. s/index.jsp s/index.jsp Dow Jones Sustainability Index First global indexes that track the financial performance of the leading sustainability -driven companies worldwide.

SR or Green Investing Research SR or green companies, mutual funds and EFTs before investing in them. Being a SR or green company, mutual fund or EFT doesn’t mean it is always a good investmen.

SR or Green Investing Don’t invest your entire portfolio in SR or green companies, mutual funds or EFTs. Diversification is still important. All SR or green companies, mutual funds and EFTs are not created equally.

Green Investing “I believe green investing will be to the twenty-first century what technology was to the twentieth century” (Bach, 2008).

SR and Green Investing Websites Websites that might be of interest to you. Sign up to receive tips from David Bach on green savings, green businesses and green investments. Provides information for companies in various sectors based on their commitment to preserving the environment. Find financial planners, banks and others that specialize in SRI. Go to the individual investor’s link for the financial services directory. Bach, David (with Rosner, Hillary). (2008). Go Green, Live Rich. Broadway Books: New York.