Friday, July 4, 2008, 5:25PM ET - U.S. Markets Closed for Independence Day.

David Bach The Automatic Millionaire

David Bach, The Automatic Millionaire

This Holiday Season, It's Easy Being Green

by David Bach

Very Good (201 Ratings)
3.393038/5
Posted on Monday, December 3, 2007, 12:00AM

Last year, I wrote a column about saving money over the holidays. While many of the tips I shared then stand the test of time, this year I thought it would be appropriate to write not just about ways to save some green, but also going green for the holiday season.

Pick up any newspaper or go to any news web site and you're bound to see stories about going green. Is it just a fad? No way. Our planet is in danger, and all the talk about being green is a good sign that we're finally realizing we need to start making changes to protect not only the earth, but the very future of our existence.

The time to start is now. This holiday season, start green traditions with your family and friends -- traditions in which lavish gifts, mountains of wrapping paper, and big post-holiday bills are out, and recycled decorations, gifts from the heart, and money in the bank are in.

Here are nine ways to make it happen:

1. Deck the halls with LEDs.

Keep your January utility bill from skyrocketing while doing the right thing for the environment. LED (light emitting diode) holiday lights use the same computer-chip technology that lights calculators and watches, making them super energy-efficient. In fact, they use up to 96 percent less energy than standard holiday lights.

LED lights can last an amazing 20 years, and check out the cost comparison: To use 10 sets of 100 conventional lights for 5 hours a day for a month, over 5 seasons, you can expect to pay $761.25. For the same number of LED lights over the same time period, you would spend only $7.61 in electricity. They cost slightly more than conventional lights, but you'll save a bundle on your utility bill.

Pick them up at your local home improvement store, or shop online and pay around $20 for two sets.

2. Give green gifts.

Pull out your holiday list and check it twice. Which gifts can you replace with a greener version? Think cashmere sweaters, natural beauty products, soy candles, and green jewelry made from recycled gold and silver. Skip a trip to the mall and shop online to save gas. Then save up to 25 percent with coupon codes for a variety of green gift stores posted on one of my favorite green sites, Ideal Bite.

For that person who has everything, many conservation groups have sponsorship programs, where you can "adopt" a particular species to help protect. These make excellent gifts, and help spread the word about protecting our planet's diversity. At the World Wildlife Fund's adoption center, you can choose from 80 different vulnerable species, including polar bears, sea turtles, wolves, and penguins.

Whenever you donate to a charity, be sure it's legitimate. Check them out first at Guidestar.org or Give.org. And save your receipt for your tax deduction!

3. Wrap with recyclables.

Over the holidays the amount of household garbage we generate increases 25 percent, from 4 million tons to 5 million tons per week. Saving and reusing gift-wrapping paper cuts down on waste and saves money. Be creative and wrap presents in the Sunday comics, maps, or brown paper grocery bags -- all at no additional cost.

If you must wrap your gifts with holiday paper, buy recycled at sites like Smith & Hawken, or buy reusable cloth bags at Lucky Crow, where you'll get more for your money since you can use gift bags again and again.

4. Make your greetings green.

The U.S. Postal Service will deliver 20 billion cards, letters, and packages between Thanksgiving and Christmas Eve this year. Nearly 300,000 trees will need to be harvested to produce all the holiday cards sold this season -- enough to fill a football field 10 stories high! That's not just a lot of paper, either -- think of all the resources used to move all that mail.

Save money, time, and trees by sending e-cards instead. There are dozens of web sites where you can send virtual cards for free. Check out Hallmark and American Greetings for starters.

If you're determined to mail traditional cards, opt for 100-percent recycled, which you can find at sites like Holiday Classics and Doodle Greetings. Better yet, order from a site like Cards for Causes, where the cards are made from recycled paper and 20 percent of the purchase price goes to the charity of your choice.

5. Decorate with nature.

The most beautiful, authentic, and eco-friendly decorations are right outside your front door -- for free.

Take the kids on a treasure hunt for pinecones, acorns, evergreen branches, and real holly. Visit craft sites for great ideas on how to turn your finds into some great "green" holiday trimmings.

6. Host an organic potluck dinner.

An organic potluck dinner party provides the perfect setting for an evening of food, fun, and celebration -- and it's easy on the wallet and environment, too. Ask each guest to bring a dish, but give them a challenge: Use as many locally grown organic ingredients as possible. Buying locally grown foods means that fewer resources were used to transport it to the market -- and it's fresher and healthier for you.

Let the green theme flow to your table setting by using sustainable tableware and serving plates, and decorating with your all-natural Christmas decorations from outdoors.

Don't throw away the leftovers, either. Instead, donate what you don't eat to your local food bank or homeless shelter. Special E is a unique green event-planning resource that "rescues" leftovers for a small fee. Visit them online.

7. Travel green.

The American Automobile Association estimates that 65 million Americans will travel more than 50 miles over the holidays. Ninety-one percent of the travel will be done by car.

If you're among the travelers, it's critical to make sure your car is tuned before you leave. A well-tuned car with properly inflated tires burns less gas, which means you'll get more miles for your money and emit less pollution into the air.

Try to pack lightly as well, since unnecessary cargo will create drag and lower your miles-per-gallon usage.

8. Go shopping in your closet.

Extend the green theme of "reduce, reuse, recycle" to your wardrobe this year. Do a holiday sweep of your closet to find the perfect outfit for the holiday office party. I'll bet you'll be surprised by what you find, and you can always dress it up with a new holiday scarf or tie.

If you really feel you have "nothing to wear," why not borrow or swap party clothes with a like-minded friend? Your colleagues will be none the wiser, and you'll get a new outfit that doesn't cost a dime.

9. Spend time, not money.

According to the National Retail Federation, the average American plans to spend $817 on holiday-related purchases this year. I can't help but think that much of that spending will be on things people don't need and can't afford. It doesn't have to be this way.

You don't have to fill your holidays with stuff. Instead, make the conscious decision to spend quality time with family and friends. Create meaningful experiences and memories to last a lifetime. And, of course, don't take for granted what makes it all possible -- this amazing planet we live on.

Rate This story

Very Good (201 Ratings)
3.5/5
Sign-in to rate!

86 Comments

Showing comments 1-5 of 86Next >>
Sort: first to last
  • Yahoo! Finance User - Thursday, March 20, 2008, 2:37AM ET  Report Abuse

    • Overall: 3/5

    Another Green gift people might want to consider giving is a one year subscription to VaultStreet (it makes it easy for people to "go paperless" with their financial records). VaultStreet automatically collects digital documents from the websites of utilities and financial institutions (so you don't have to). Then VaultStreet organizes the documents for you (no more time wasted on filing). IMHO, the great thing is that VaultStreet helps you get control of your finances at the same time you are reducing your carbon footprint.

  • Yahoo! Finance User - Wednesday, January 23, 2008, 10:45PM ET  Report Abuse

    • Overall: 1/5

    Firstly, some of his suggestions are anti-green. He shows a poor grasp of what really keeps the planet green. Secondly, the tone of the article detracts from his profession. But he does sound like a nice guy...

  • Yahoo! Finance User - Thursday, December 13, 2007, 1:33AM ET  Report Abuse

    • Overall: 1/5

    The USPS uses a lot resources to move mail, yet how do your books (that are also made of paper) get in the bookstore? Harry Potter magic I guess....

  • Polar Bear - Wednesday, December 12, 2007, 12:46PM ET  Report Abuse

    • Overall: 1/5

    David Bach is just jumping on the fashionable greenie band wagon. If you give your wife a gigantic gas guzzling SUV, but it has a green paint job, does that count as a green gift? Al Gore is a hipocrite. He wastes far more in petroleum based products than most other people.

  • John D - Friday, December 7, 2007, 5:59PM ET  Report Abuse

    • Overall: 1/5

    Actually we need to do just the opposite. Spending extra for so called green is a waste of money which can better be spent to help the needy in a foreign country. It is about time we show the mental patients who believe in global warming that the madness stops here. Help society and writr your congressman that you do not want one more penny spent on global warming. Thank you

Showing comments 1-5 of 86Next >>

The Automatic Millionaire is the registered trademark of David Bach and FinishRich Media, LLC.

The columns, articles, message board posts and any other features provided on Yahoo! Finance are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author’s own and not necessarily those of Yahoo! and there is no implied endorsement by Yahoo! of any advice or trading strategy.

Read David Bach's latest book, Go Green, Live Rich: 50 Simple Ways to Save the Earth and Get Rich Trying. Order today!

Finish Rich Coaching: Are you finally ready to stop worrying about money? Change your life with David Bach's new one-on-one coaching program.

The Automatic Money Manager: Track your spending so you can grow your savings -- automatically! Get your 30-day free trial.

More from Yahoo! Sources

  • CNN Money
  • Consumer Reports
  • Kiplinger
  • The Motley Fool
  • Business Week
  • Wall Street Journal

Sponsored Links

Earn From 3.04% to 3.35%
With AAA rated, GE Capital Corp. Not an offer of securities for sale.
www.geinterestplus.com
Forex Currency Trading
Trade Forex Online with GFT. Free Practice Account. Try Risk-Free Now.
www.GFTforex.com
Countrywide® Home Loans
No Closing Cost Refi Options. No Points or Processing Fees. Call Now.
www.Countrywide.com
stock information at Scottrade®
Trade stocks for just $7. Unlimited shares. Trade like the pros.
www.Scottrade.com
Forget Forex
Discover Which Currency Options Are Dishing Out Gains of 333% Or More.
www.MoneyAndMarkets.com
real estate Investments
Our experience brings superior investment returns to savvy investors.
www.wangardadvisors.com