Open an online savings account in a few easy steps
- Fill out the application
- Choose an individual or joint account
- Designate beneficiaries
- Fund the account if it’s required
Take out your wallet and pull out a $5 bill. Now, take that same $5 bill, crumple it up and toss it in the trash.
Sounds crazy, doesn’t it? But throwing away money is actually something many Americans do every day when they throw out food, plastic water bottles and other items that can be reused, repurposed or recycled.
According to the Environmental Protection Agency (EPA), the typical American produces about four-and-a-half pounds of waste every single day. Just over 50 percent of it ends up in landfills each year, where it can contribute to greenhouse gas emissions, according to the EPA.
But there could be another way—choosing a zero-waste lifestyle.
“To be zero waste means to generate little to no trash,” says Antonia Korcheva, founder of Escape Waste, a commerce site and blog promoting zero-waste and plastic-free living.
Ok, ok. You may buy how reducing your waste could be good for the planet, but “How can a zero-waste lifestyle save me money?”
“With zero waste, there is an upfront cost followed by long-term savings,” says Kait Schulhof, founder of zero-waste living blog A Clean Bee.
If you’re ready to find out how a zero-waste lifestyle can save you money, here are six ways to get started:
A good way to see how much trash (and money) you might be wasting is to keep track of what you’re throwing away. The first step to save money with zero waste is to record everything your family tosses out for one week. No joke.
Then, categorize the waste. (A little gross, but worth it.) Are you throwing away mostly plastic items, paper items, food waste? This can help you decide which waste areas you need to focus on most.
Another step to save money with zero waste is to revisit how you shop for groceries. Purchasing package-free food like fruits, vegetables and dry goods measured out by weight is a strategy that Schulhof advocates as a way to produce less waste and save money on family expenses.
Next time you hit the grocery store, see if there’s a section with food sold in large bulk bins, open-market style. Rice, nuts, beans, flour, grains, cereals and spices are common bulk-bin items. You can even bring your own containers from home, such as cloth drawstring bags or glass jars, and fill them with the amount of each item you need.
This bulk-bin strategy checks the box for minimizing waste because it allows you to skip plastic or cardboard packaging. When you’re learning how to save money by going zero waste, the key is making sure that you’re not buying too much of an item that could potentially go bad before it’s used.
How a zero-waste lifestyle can save you money comes into play since you’re only paying for what you need, and package-free goods can also be less expensive than their packaged counterparts.
When you’re taking this step to save money with zero waste, you might need to spend more upfront as you make the switch from packaged goods and stock up on bulk-bin ingredients for the first time, Schulhof says.
Meal planning means mapping out the meals you plan to eat each day for a set time period. You can do your meal prep a week at a time or by the month, depending on what works better for you and your family.
Putting forethought into meals enables you to buy the specific amount you need of a particular item, which is key for learning how to save money by going zero waste. How many times have you needed only a small amount of a certain ingredient, says Schulhof, but ended up buying the entire package—only to then have too much leftover?
Thinking about meals ahead of time is also a way to stop overspending on impulse buys, which can tax your grocery budget. How many times have you bought something at the grocery store because it sounded good in the moment? Fast-forward a week, and you’re tossing it out because you never had a purpose for it.
When planning meals around ingredients you buy from bulk bins, Schulhof says the goal is to make use of everything you purchase. If you’re creative, you might be able to stretch basic staples, such as rice, beans, potatoes and grains, into several meals, putting a fresh spin on how they’re cooked each time, she adds.
Another strategy for how to save money by going zero waste is growing some of your own produce and herbs at home. You may have to invest a little bit of money in seeds and potting soil at the beginning, but you can reap savings later by being able to shop your own garden for vegetables, fruits or herbs, instead of buying them from the grocery store.
If you’re considering how a zero-waste lifestyle can save you money, know that you can even combine the grow-your-own method with composting to further reduce waste. Composting rotting food is a way to create natural fertilizer for a backyard vegetable garden or indoor herb garden. At the same time, you’re reducing the presence of methane-producing food scraps in your yard or local landfill.
Groceries and food waste might be your biggest focal point (especially if you’re a frugal foodie), but there are plenty of other ideas for how a zero-waste lifestyle can save you money around the house.
These alternative ideas can “help eliminate the need for consumers to purchase single-use products, which, over time, will save money,” Schulhof says.
Here are Schulhof’s and Korcheva’s steps to save money with zero waste by looking beyond food waste:
Many zero-waste living tips focus on things you can do at home to cut down on waste and save. But there are also steps to save money with zero waste that you can take when you’re away from home.
On-the-go strategies include skipping plastic straws when you’re ordering drinks out or packing a handkerchief instead of a packet of tissues.
Instead of turning to “retail therapy” when you’re having a bad day, steps to save money with zero waste include doing something else relaxing (e.g., go for a walk, take a free yoga class in the park or meet up with a friend). These are just a few low-effort, high-impact ideas on how to save money by going zero waste.
The motives for going zero waste may be different for everyone, but finding out how a zero-waste lifestyle can save you money has its merits if you want to reduce unnecessary expenses, reduce your environmental impact and save more.
Schulhof says she and her family have used the money they’ve saved to start an emergency fund that covers six months’ worth of living expenses. Whether that’s your goal, or you’d rather support an education or a vacation fund, consider opening an online savings account to collect and grow the money you are able to uncover from adopting a zero-waste state of mind.
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