Think about your recent purchases for a moment. Where did you make them? At a big box retailer or a locally owned and independent store? Have you ever considered what impact these decisions have on the economy and the world at large?
The truth is where we choose to put our dollars matters. It reflects our values and principles. Money talks. When you patronize (or avoid) a business, you’re sending a message. This is known as ethical spending: what we buy, how it’s made, and its impact on the planet, communities and individuals.
You may be wondering what qualifies as “ethical spending.” It really comes down to a personal decision. The kinds of issues that people might consider under ethical spending include :
- Buying Fairtrade goods, which means the workers receive a fair wage.
- Choosing locally grown or organic produce.
- Switching to solar power.
- Going to an independent movie house as opposed to the multiplex.
- Shopping for clothing second hand.
- Biking or walking to work instead of driving.
- Buying a pair of American-made BooRoos.
Ethical spending is not cheap! But if everyone were to think more about the consequences about their actions, the world be a better place.
What habits can you change to ensure your money is going to companies that embrace ethical practices?