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Sustainability Tips - 365 Ways to Live A Sustainble Lifestyle

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This year we are going to publish some shorter articles that will describe how we strive to live a sustainable lifestyle and personal finance journey. We will discuss being green, personal finance, lifestyle choices and more on a daily basis. We hope our readers will enjoy these tips and save money as well via the implementation of some of these tips. We recognize that these tips won’t be for everyone, and we definitely will be discussing our tips from a Canadian perspective, but we will try to show how our non-Canadian readers can benefit as well.

We hope you enjoy this series. It will take some time and effort to keep at this particular project but we feel it is well worth the effort.

Weekend Reading - New Years Edition

Posts around the blogosphere were still plentiful this week, however, the articles and blogs we read detailed a lot of summaries of goals met (or not met), best of the year posts and financial updates. As always there were some gems written this week that we had the pleasure to read and now present to our readers. We are also going to include some articles that we liked from earlier this year prior to beginning our writing journey.

Our friend Prarie Eco Thrifter posed the question Is Being Green Futile? For those of us who make a conscious decision to “be green” we can at times become frustrated and question whether or not doing our small part in such a large world really makes a difference. I commented that it does and that we should consider being green and opening discussions about the green lifestyle can result in a compounding affect. We need to keep it up. Fight the good fight Miss T - we’re standing right beside you.

How expensive is it to eat good food? Another great question, this time asked by Kevin @ Invest It Wisely earlier this year. This post was one of the first I read at Kevin’s site and his analysis spurred us to consider writing this blog with a focus of using financial data to back up our sustainable lifestyle choices. In this article Kevin looks at the cost of healthy, unhealthy and fast food diets while comparing calories as well. Be kind to your waistline and body in the New Year folks!

Robert at Canadian Dream Free at 45 look at the Canadian Pension Plan and Concludes that the CPP is not a Good Deal. Robert states “I don’t believe CPP is a bad idea. It provides a minimum income so that elderly Canadians are less likely to live in poverty. A couple who receives maximum CPP for a single spouse and OAS for each spouse should receive around $2000 per month. But it doesn’t mean we should expand CPP.” Robert looks at how much Canadians put into the CPP on an annual basis and how those interested in their personal finance could gain much better returns than what the government achieves.

Buying a home isn’t as simple as finding a house you like, obtaining a mortgage, making an offer and moving into your new residence. There are a slew of additional costs you need to think about. Young & Thrifty discusses Closing Home Costs in an article this week. We bought and sold a home this year and these costs sure do add up. You need to consider land transfer taxes, lawyer fees and real estate agent commissions just to start. Y&T’s article is worth a read even if you’re not in the market to buy/sell a house.

The Financial Highway wrote an article earlier this year Money Talk is More Excruciating than Going To The Dentist. A whopping 41% of Canadians think that discussing finances with their partner is worse than going to the dentist! I’ve read that money issues are the leading cause of divorce and perhaps if people would start discussing their finances with their loved ones less divorces would occur. Pure speculation but worth thinking about.

How do you feel about people who are always late? This is a pet peeve of mine - tardiness. Erin Pavlina discussed The High Cost of Being Late this week by exploring how your employment and relationships could be strained if you are always late. If you are habitually late consider not only how you are affected by this behaviour but also how others are affected as well.

Free From Broke examined Peer to Peer Lending with a thorough analysis of the ins and outs of this growing trend in personal finance. With an extremely high rate of return, coupled with some calculated risk, P2P lending is an investment vehicle worth exploring.

Next up, more great articles I read this week, by category.

Sustainability

The Good Human points out that North America is very far behind the rest of the world when it comes to High Speed Railways.

Earlier this year Grocery Alerts examined whether Buying Organic is Really Worth It. We sure think it is.

Christian Comment Cents discusses Sustainability as a Lifestyle. A great read for those who enjoy what we write about.

Personal Finance

The Lending Club suggests that We Should Make Just One Financial New Years Resolution. Keep it simple, achieve success.

Boomer and Echo provide us with 20 Simple Steps to Improve Our Finances Next Year. We agree on all but one of these points.

Canadian Finance Blog explores the transition to a Single Income Household.

We discovered a very thorough series on Baby Expenses at Money Smarts Blog.

Investing

Buy Like Buffet thinks Dividends are Great for Building Wealth. Dividends are simply awesome.

Predictions are always fun. Seeking Alpha gives 10 Predictions for CleanTech in 2011.

Intelligent Speculator reviews the Top ETFs for 2010. With the ETF market becoming diluted it is nice to see which ones performed.

Lifestyle

A very funny (and very true!) article at Aloysa’s Kitchen Sink: Top 7 Excuses (for buying things) From a Man’s Perspective.

Frugal Confessions points out some Surprising Fees When Travelling Abroad.

Frugal Zeitgeist provides us with some great Relaxation Techniques.

Are you a stay home Mom or Dad? PTMoney has some great ideas for Jobs for Stay at Home Moms & Dads.

Big thanks to those who included us in their Carnivals and Weekly Roundups:

New Years Blogging Resolutions

As a new year is just days away we have been both reflecting on our six short weeks writing for this website and we have been planning what we would like to do with our blog for the upcoming year. We feel that if we put our ideas, dreams and aspirations in writing we can better track our progress while achieving a sense of accomplishment if we follow through with our resolutions. Here are our goals / resolutions for the new year for our site.

Keep Writing

The key to a successful blog is content, plain and simple. We have received a lot of great feedback from bloggers and our readers regarding our writing style and the nature of the content we produce. We make every attempt to write meaningful articles regarding balancing our financial goals with our ethics and morals regarding sustainable living and we try our best to include financial data to show our readers that our approach to our personal finances often saves us money and at the very least does not cost us more than a less sustainable option. Our goal is to write 3-4 full articles per week.

Challenges

We hope to complete the Yakezie challenge, with work and a bit of luck, by late January. We will continue to produce content and network and hopefully get our rank below 200,000.

In the new year we plan to post every day listing 365 Sustainable Lifestyle Tips. These tips won’t be nearly as in depth as our articles and we will likely expand on many of them in subsequent articles. We feel we can give our readers a reason to check in regularly and provide some useful green / sustainable lifestyle tips!

Mrs. SPF and I are strongly considering attempting the 100 Mile Diet during the summer months and possibly part way into the fall. For those of you who do not know of the 100 Mile Diet it works I will be posting a book review in the next month or so on the published book. Essentially, we will endeavour to only eat food that is produced within 100 miles (160 kilometers) of our home. It won’t be easy (coffee and sugar aren’t grown in Canada!)

We may consider writing an eBook chalked full of sustainable living and personal finance tips. Time will be the biggest hurdle to take this project on.

Lastly, we are floating around the idea of running a series of contests where the reader will be able to pick a charity and we will donate $50 to it. We really feel charity donations are invaluable.

Guest Posting

In the upcoming year we plan to embark on increased guest posts. Our goal is to participate in guest post exchanges where we will guest post on a fellow bloggers site and they reciprocate by guest posting on our site. By approaching guest posting this way both parties will gain excellent content and keep up with our busy writing schedules. Readers from both sites will be exposed to quality content and perhaps venture to the guest posters site to read more from the writer. Our second strategy with guest posting is to provide a one way guest post on some popular sites in order to gain exposure to a larger audience.

Networking

I have worked quite hard this year to reach out to other bloggers for advice, support and friendship. I think that so far this has worked out quite well and I want to keep this up. Part of this relationship building has been accomplished via Yakezie, following bloggers on Facbook and Twitter and by subscribing to RSS feeds. We are very appreciative of the bloggers who have decided they are not above helping new bloggers out. Good karma pays dividends.

We are also exploring a relationship with socialfinance.ca where we have been invited to share our practical take and style with the readers and writers on that site. Peter Deitz, the managing editor of socialfinance.ca appreciates how we write about how we apply sustainability principles to our personal finances and would like us to write for his site regarding some of our investment decisions and other similar topics. We’re very excited to explore this partnership.

Making Money

The goal of our blog is not to make money but we do incur costs (hosting etc) so we do use some advertisements right now. We will look to expand our blog’s monetization in the new year and will research strategies on how to turn our project into a small business. Hopefully our Alexa rank will help to get advertisers.

Weekend Reading - Twas the Night Before Christmas Edition

… and all through the house not a blogger was stirring, safe and warm in their beds. Welcome to our Weekend Reading, the 5th edition of our weekly round up. Our ability to schedule our posts has been quirky, and we are busy travelling on Christmas Eve, so we are publishing our Weekend Reading a day early this week.

Is it just me or did the blogging community really step up to provide some awesome writing this week? No complaints here, but this weeks round up will be longer than those of the past. We start with Becoming Minimalist this week where they discuss 35 Gifts Your Kids Will Never Forget. Joshua lists fundamental lessons, traits and qualities that are invaluable for every child to understand and learn. Some of our favourites from the list include contentment, faithfulness to your spouse, finding beauty, imagination, meals together, pride and uniqueness. Joshua discusses all of these in more depth and many other great gifts your kids will benefit throughout their lives if they learn them young.

The Financial Blogger has gone and done with the post on how to Run Multiple Blogs, Earn a 6 Figure Income While Working 40 Hours a Week. In this to extremely thorough article TFB details what a blogger needs to do in order to become a successful blogger. Even those of us with no aspiration of a blogging empire will find many valuable tidbits, lessons and tips on how to improve our blogs.

Bigcajunman at The Canadian Personal Finance Blog discusses Why Santa Loves His Points and details how he has saved ,000,000 PC points using his PC Financial card. A remarkable accomplishment to say the least. I commented that he should seriously check out an article on another site that compares and contrasts the best rewards cards as he could earn some awesome air miles or even have mastercard send him $50 cheques!

On the green investing front, Larry Spears writes at Seeking Alpha Why Investors Will Start to Profit from Alternative Energy in 2011. We are keenly interested by alternative energy investments and hold a number of “green” holdings. Larry points out that mandates and incentives at all levels of government in the United States are kicking into full swing for 2011. Now if only the Canadian government would do likewise …

Once again our friend Miss T at Prarie Eco Thrifter posted an article About Things We Use That May Be Killing Us. In a very odd twist of fate Miss T published her article the same day Mrs. SPF published her article The Beauty of Saving Your Skin and the Water Supply. Great minds think a like and it is great to know of a fellow blogger who is truly concerned about many of the things we are here at Sustainable Personal Finance.

We discovered a site today, Saving Money Today that posted an article that is a central premise of our site. The article When Going Green Can Save You Money highlights many of our beliefs in having an energy efficient home, a fuel efficient vehicle and buying organic all help the environment and your bank balance.

Next up, more great articles I read this week, by category.

Sustainability

Greentech Media lists 14 Tectonic Shifts for Green in 2011 by detailing fourteen ways different sectors will become more green and see increasing profits and an ever growing green movement.

Even the Teachers Pension Plan recognizes the growth potential in green initiatives. SRI Monitor describes their new $75 million investment in BluEarth Renewables Inc. which is a Calgary-based private company develops, constructs and operates hydro, wind and solar power projects in North America.

Personal Finance

Invest it Wisely brings up great points about Not Getting Suckered by the Banks on How Much House You Can Afford. Truer words couldn’t be written as far too many Canadians are borrowing the maximum they are offered and those who are on variable mortgages will suffer immensely when interest rates rise.

There is a great contest advertised at Free From Broke. The challenge? Shred Your Credit Cards. Up to $2000 in prizes being given away!

Tom at Canadian Finance Blog provides great ideas on a New Years Resolution Mrs. SPF and I will be undertaking this year: Sell Your Crap. Reduce and recycle are things we’re interested in doing, things we should have done when we moved this past fall.

Trent at The Simple Dollar reinforces the point that we all have to Prepare for the Inevitable and this means writing a will and preparing your master information document. Another New Years Resolution for us in 2011.

Investing

Beating the Index explores REITs - Ours to Discover which is a handy guide to the world of REITs.

Buy Like Buffet provides a relatively simply methodology in a One Step Stock Analysis. Useful advice!

The Dividend Guy appears to have a busy 2011 lined up as he will Restructure His ENTIRE Portfolio and I assume he will use his analysis of 2011 Dividend Stock sectors to do so!

The Dividend Growth Investor has compiled his list of 2011 Dividend Aristocrats which is a handy reference for those looking at U.S. dividend payers.

Frugality

Frugal Babe’s family Celebrates Christmas Their Way. Way to break the mould FB!

Saving Mentor as produced yet another comprehensive guide on how to get Free Internet TV. As we re-evaluate our telecom needs and usage early in January we will reference this guide.

Lifestyle

Frugal Zeitgeist suggests Multiple Ways we can Give to Charity besides simply writing a cheque. Given we did just that (cheques to charities) we really liked his ideas and even suggested one of our own: donating old bikes to 3rd world nations where transportation can mean a child can get to school or an adult can travel to work to provide for their family. Mrs. SPF used to run an annual bike drive.

The Simple Dollar sure had a lot of great content this week. They also wrote about How to get more Involved in Your Community. This always pays off.

Bio-Friendly Blog discusses Bio-Friendly Tips for Vacation Travel which includes ideas on how reduce your carbon footprint by opting for eco-friendly destinations and practical tips on how to travel lightly.

Blogging

Blog Authority is one of our favourite sites to learn about our new interest in blogging. This week we read about The Danger of Having Date Time Stamps in our posts and URLS (looks like we have some work to do!).

Buy Like Buffet explores the Top 3 reasons Excuses Your Blog Isn’t Making Money. We haven’t been making excuses but our focus hasn’t been to make money, yet. We will revisit this post in a few months and take the advice to heart.

Thanks to all who included us in their Carnivals and round ups:

  • Miss Thrifty
  • PTMoney
  • Aloysa’s Kitchen Sink
  • BigCajunMan
  • Invest With Passion
  • Invest It Wisely
  • Young and Thrifty

SPF Has Joined the Yakezie Challenge

c 125 yakezie 01 SPF Has Joined the Yakezie ChallengeWhat is Yakezie and how does the challenge work?

Ok, we are late in this announcement but better late than never! Some of our readers may have seen the Yakezie badge on our pages and have wondered what this Yakezie thing is all about Yakezie is a network of personal finance and lifestyle bloggers who are working together to hone our writing skills, increase traffic, get assistance with our blogging and to interact with a great group of people who have similar interests and goals. When we learned of Yakezie we were immediately on board.

So why are we a month late in announcing our inclusion in this network? Simply put, I was confused about how the network works. I thought you had to have blogged for 6 months before joining the challenge but I was wrong. The way Yakezie works is that uses the Alexa rating system to rank websites. Alexa is a dynamic website ranking and information company owned by Amazon, which has over 40 million users world wide. The tool bar is free, and easy to download. Alexa tracks Internet usage of those webmasters/surfers who use their tool bar. Before you dismiss their rankings recognize that Google, Facebook, Yahoo and YouTube are ranked #1, #2, #3, and #4, respectively.

The Yakezie Alexa Ranking Challenge is straight forward. If you’re outside of the top 200,000, get in the top 200,000 within 6 months. I have borrowed this content from the “how to” article by Financial Samurai as there is little reason to regurgitate what he has already written so well. Challengers install the Alexa toolbar and add the Yakezie badge to their site and start writing and networking. After you have been writing for 6 months or breach the top 200,000 sites you have completed the challenge and can join the Yakezie Network of bloggers.

Where we started

We joined Yakezie immediately upon launching our site., November 22nd - one month ago. The resources and knowledge that the challengers and members have was and continues to be invaluable to our fledgling site. At this time our rank was abysmal as we were brand new. Our Alexa rank was 23,118,642. The challenge to breach 200,000 seemed daunting to say the least. However, we had read many success stories at the Yakezie forums about people who started around where we did and conquered the challenge so we became determined to roll up our sleeves and start hacking away at our Alexa rank and grow our site’s popularity.

Where we are now

The results have been extremely encouraging. Check out our weekly improvements:

  • End of week 1 Alexa Rank: 3,470,162 (almost 20 million improvement!)
  • End of week 2 Alexa Rank: 1.723,940 (over 50% improvement in rank)
  • End of week 3 Alexa Rank: 1,178,97 (approximately 33% better!)
  • End of week 4 Alexa Rank: 741,879 (broke 1 million!)

Our rank is now 668,177 and we are very excited by the progress. We have learned a LOT from other Yakezie members who are very helpful and keen to spread knowledge. They are also very patient with new bloggers who have lots of questions. GO YAKEZIE!!!

Your Dog’s Diet Could Cost You and Your Dog

What do you feed your dog (or pets)? Have you ever wondered why your dog seems to get sick or suffer from various ailments, some more serious than others? Do you take your dog to the vet for issues other than regular check ups? Have you ever wondered why your dog poops so much or why the excrement is goop? Have you ever taken a close look at what is in your dog’s diet? Well, you should.

gray wolf Your Dogs Diet Could Cost You and Your DogIdeally, a dog should eat as a wolf does - a raw diet of mainly meat with a side of roughage (fruits and vegetables, offal, meat, eggs, or dairy foods). A raw diet however is not always practical for pet owners. You need to freeze individual packages of the food and there are hours of work to prepare it monthly.

When we got our dog four years ago we initially went with cheap food from Costco. My boss at the time had just gotten two puppies and he had a membership at the box store. He told us about this cheap food and offered to pick us up supplies when we needed it. Being frugal, and given Mrs. SPF’s family dogs growing up always ate low grade food (this is my first dog), we accepted my bosses offer.

The Results? Not good! Our dog ate a lot of the food (fed as per the bag instructions). She also had very runny and overly frequent poops, which we did not expect. As we both work we had to crate her during the day and we were always fearful she may have an accident in her cage. After a few bags of this food we went into a local non-chain pet store and started discussing the food (Kirkland). The look on the owners face was enough for us to know we had erred, but then she started to tell us about the problems with the product (see below for the comparable food ingredients). She pointed us to another type of food and explained why the ingredients were superior. Her business monitors the ingredients in the foods they sell and she promised us that if a company changes their dietary composition of the food they would tell us. We’ve had to switch to our now 3rd type of food from this store (due to the “small guy” getting bought out by the big players who reduce costs by reducing quality), but this is great value added as we wouldn’t think to monitor the changes in the food on our own. She also pointed out that since this food had better ingredients we would be feeding less to our dog. At the time we knew the food cost more and she’d eat less but until now we’d never crunched the numbers.

Before number crunching you really need to take a look at the ingredient differences between the higher priced food we buy our dog (Holistic Blend Healthy Dog) and the generic Dog Chow brand.

Holistic Blend Healthy Dog

HBFood Dog Chicken Your Dogs Diet Could Cost You and Your DogCost: $46.99 - 35 lb bag. 100 lb dog requires about 3.5 cups per day.

Highlights

  • Free range Chicken (Human Grade/No By-Products or Rendered Meats)
  • Naturally Preserved (Rosemary)
  • Holistic & Conventional Vet. Recommended
  • Chelated minerals, whole grains, fruits, antioxidants and herbs
  • Promotes healthy skin and coat
  • Hypo-allergenic
  • Highly digestible and palatable
  • Balanced Omega 6 & 3 fatty acids (5-2 ratio)
  • Ingredients allow for smaller feeding portions

INGREDIENTS:

Chicken meal, whole ground brown rice, hulless barley, chicken meat, oatmeal, chicken fat (preserved with mixed tocopherols, a source of vitamin E), potato, natural chicken flavour, sunflower oil (preserved with mixed tocopherols, a source of vitamin E), wild salmon meal, dried whole eggs, flax meal, yeast culture, dried kelp, tomato, carrots, pumpkin, cranberries, spinach, broccoli, green apple, blueberries, pears, bananas, rosemary extract, cinnamon, turmeric, capsicum, chamomile, dandelion, paprika. Minerals: calcium carbonate, zinc proteinate, ferrous sulfate, iron proteinate, zinc oxide, copper proteinate, copper sulfate, manganese proteinate, manganous oxide, calcium iodate, sodium selenite, choline chloride, l-lysine. Vitamins: vitamin A supplement, vitamin D3 supplement, vitamin E supplement, niacin, L-ascorbyl (source of vitamin C), inositol, d-calcium pantothenate, thiamine mononitrate, riboflavin, beta carotene, pyridoxine hydrochloride, folic acid, biotin, vitamin B12 supplement.

Does Not Have:

Animal By-Products (animal parts leftover after the meat has been stripped from the bone. Chicken byproducts include heads, feet, entrails, lungs, spleens, kidneys, brains, livers, stomachs, noses, blood, and intestines free of their contents. Very little nutritional value)
BHA/BHT (studies dating back to 1974 have shown that BHA and BHT increase the risk of cancer, accumulate in body tissue, cause liver enlargement, and can retard the rate of DNA synthesis and cell development.
Ethoxyquin (ethoxyquin is a pesticide, used in fruit scald control. It is also used as a rubber preservative!)
Antibiotics (can cause arthritis; ear infections; ‘doggy’ odor; dry, itchy skin; urinary tract infections; diabetes; environmental sensitivities; heart disease; cancer)
Growth Hormones (don’t really need to comment on this)
Corn (deprives your dog of the animal based protein that their bodies are better equipped to absorb and retain. Much of the corn protein will pass through your dog as poop.)
Wheat or Wheat Gluten (dogs can not digest it properly and it adds little nutritional value to your dog`s diet)
Sugar (can cause worms)
Salt (can lead to gulping of water, which leads to bloating, and the gas could lead to stomach twisting and a painful death)
Beet Pulp (slows down the transition of rancid animal fats and causing stress to kidney and liver in the process. Can cause allergies and ear infections)
Soya (soy proteins are digestible by dogs, the overwhelming problem is that many are allergic to it)

Now let’s look at Dog Chow

purina dog chow Your Dogs Diet Could Cost You and Your DogCost: |30 for 35 lbs. 100 lb dog needs about 6 2/3 cups per day.

Ingredients

Whole grain corn, poultry by-product meal, animal fat preserved with mixed-tocopherols (form of Vitamin E), corn gluten meal, meat and bone meal, brewers rice, soybean meal, barley, whole grain wheat, animal digest, calcium carbonate, salt, calcium phosphate, potassium chloride, L-Lysine monohydrochloride, choline chloride, zinc sulfate, Vitamin E supplement, zinc proteinate, ferrous sulfate, added color (Red 40, Yellow 5, Blue 2, Yellow 6), DL-Methionine, manganese sulfate, manganese proteinate, niacin, Vitamin A supplement, copper sulfate, calcium pantothenate, copper proteinate, garlic oil, pyridoxine hydrochloride, Vitamin B-12 supplement, thiamine mononitrate, Vitamin D-3 supplement, riboflavin supplement, calcium iodate, menadione sodium bisulfite complex (source of Vitamin K activity), folic acid, biotin, sodium selenite.

Not so good! Corn as the first ingredient - bad as it is filler. By-product meal as the #2 ingredient - bad (see above). Corn gluten meal at number 4 - bad - more filler. Meat and BONE meal - bad (see above - and it is listing BONE as an ingredient!). Brewers rice (bad as it is low grade rice - filler). Soybean meal (see above - filler). Barley (another grain - bad). Wheat (see above). Animal digest?! (a quick wikipedia search returns “A cooked-down broth made from specified or unspecified parts of animals (depending on the type of digest used). If the source is unspecified (e.g. “Animal” or “Poultry”, the animals used can be obtained from any source, so there is no control over quality or contamination. Any kind of animal can be included: “4-D animals” (dead, diseased, disabled, or dying prior to slaughter), goats, pigs, horses, rats, misc. roadkill, animals euthanized at shelters, restaurant and supermarket refuse.” OK - GROSS) and after these “ingredients” a whole slew of chemical type sounds words. Does your dog deserve this diet?

Now let’s take a look at the financial numbers.

1 cup of food = 1/2 lb

There are 70 cups of food in each bag.

Dog Chow costs $0.43 per 1/2 lb of food.

Holistic Blend Healthy Dog costs $0.67 per 1/2 lb of food.

The thing to note however, is that the quantity of food your dog eats changes the real cost that you pay per day.

Dog Chow recommends 6.66 cups per day @ $0.43 which equals $2.86 per day for Fido.

Holistic Blend Healthy Dog recommends 3.5 cups per day @ $0.67 which equals $2.35 per day! $0.51 less per day. Over a year you have effectively saved $186.15. Multiple this figure by your dog’s life expectancy (which should be longer with a good diet) and the savings are significant.

The numbers don’t lie and the ingredient list certainly opens ones eyes about the good or the bad for we opt to we give to our dogs. Given lower costs for higher priced food, the fact you will have to buy less bags (which become waste) of food and less trips to the pet store the choice seems simple. On top of all of these great reasons to feed your dog well? Vet bills! A healthy canine won’t be getting as many allergies and infections, not to mention (sometimes incurable) diseases. You won’t have to pay for pet insurance any longer or be forking out your hard earned money in very expensive pet bills. Treat your dog as you treat your money, with care, and you’ll both live happy lives.

The Beauty in Saving Your Skin and the Water Supply

I have sensitive skin and so a while ago I went to a dermatologist for some over the counter skin care cleanser and spot treatment cream. When the labels said the products might bleach clothes, not to mention some other unpleasant side effects, I paused and thought “wait this might bleach my face towel and yet I want to put it on my skin”? What am I putting on and ultimately into my body? Moreover, how will these products affect the environment when they are wash down the drain?

This is not to say that before this realization I was completely naive about skin care products. A couple of years ago I heard about this website Skin Deep and have since been trying to green my cosmetics, skin care products, shampoo etc.

The problem is I have sensitive skin as I mentioned, which is also problem prone skin, and lots of soap free natural products just were not cutting it, hence the prescription from my doctor

But after my “A Ha!” moment with the bleaching cleanser and cream, I was truly committed to greening my skin care regimen without spending too much money! So I’ve been testing several products and have finally found some that really work for me

So twice a day Icleanse my face with Avalon Organics Lavender Facial Cleansing Milk. Twice a week I use dermae’s Microdermabrasion Scrub. These can both be found in gourmet grocery stores here as well as health food stores and of course you can also buy them online. What is really remarkable is that you can get these products for pretty much the same price you would any mainstream cleanser and scrub as these both retail for $11.95 and $32.59 respectively. I used to use similar products where the cleanser would cost $7-$15 and the scrub $30-50 so my budget on these items is relatively unchanged. However, you are not paying for ingredients you really don’t want to be putting on your face. There are a ton of ingredients you want to avoid in skin care products but the ones I look for and try to avoid are phthalates, parabens and petroleum based products as these can be linked to birth defects, cancer, allergies and other nasties.

There are approximately 3,700 cosmetics companies in Canada, most of which were small and medium-sized ones, producing more than 20,000 kinds of cosmetic products. The Canadian Cosmetic, Toiletry and Fragrance Association (CCTFA) is the leading Canadian trade association for the personal care products industry. CCTFA members, which represent 80-90% of the industry in Canada are at the forefront of a $7.5 billion (retail) industry in Canada. This means Canadians spend about $9 billion (retail) on cosmetics. These products are usually removed using water and that water ends up flowing freely down the drains in our sinks and enter the water supply.

Have you tried greening your cosmetics? What products work for you?

edit: check out this post by Prarie Eco Thrifter: 12 Things You’re Using That May Be Killing You and the Planet. We included this post as it came out the same time we published this article!

Weekend Reading - The Renewable Energy Edition

wind farm Weekend Reading   The Renewable Energy EditionAs we close out our 4th week “live” we continue to read and learn about personal finance. We were blessed by Seeking Alpha ran a number of articles about renewable energy and investing. Right up our alley! We’ll start with their argument that the Washington tax deal may signal that the time is right to buy wind and solar. The argument here is that in order to get his tax bill through, Obama will need to appease both sides of the House which could include the inclusion of an extension to the Treasury grant program for renewables may well be part of the final deal. In a second article, Tom Konrad evaluates the best clean and renewable energy ETFs providing an extremely thorough analysis. Jared Cummans adds further detail to this series in his article Gust of Activity Puts Wind ETFs into Focus. Mrs. SPF has a good understanding of renewable energy and she thinks wind power is the future. Lastly, Andy Li takes a closer look at China’s Ming Yang Wind Power has had recent struggles on the market and could be a great buy opportunity. We bought Ming Yang Wind Power for our RRSP portfolio and it has not done well for us but we’re sticking with it.

RetireBy40 also takes a look at How much Renewable Energy Costs him and discusses the program that helps give back to our supply.

What happens when social finance becomes the new normal? Joanna Reynolds takes a look at this topic and discusses concepts such a Social Venture Exchange and Community Investment Notes. Joanna has given us some new areas to research!

Do you track your net worth? Not sure if you should or not? Roshawn Watson asks these very questions in his post 7 reasons for and against tracking your net worth. We plan to start posting our net worth status starting in 2011 but this is a great read to help people decide what is best for them.

Clark guest posts @ MillonDollarJourney discussing the difficult topic Lending Money to Friends. Our feeling is that lending money between friends will most likely not work out and that you are putting your friendship at risk by doing so.

One of our favourite bloggers, Prarie EcoThrifter, discusses How Saving Time Saves Money. I’ve long been a proponent of this belief - time equals money and some tasks are worth it to us to pay someone else to do them.

Next up, more great articles I read this week, by category.

Personal Finance

Canadian Capitalist writes about the direction of interest rates, which are going up. Rising rates are viewed negatively by those who are lenders but great for savers.

Are you ready to open a joint bank account with your partner? Financial Highway looks at this personal finance approach.

InvestItWisely makes it into our weekend reading once again with another stellar article 5 Responsible Ways to Use Credit Cards. Reap those rewards and pay the bill every month!

Do you have a plan to deal with financial disaster? Cajun Finances gives some ideas on how to make a plan for the worst case scenario.

Dividend Monk writes about how Consumers and Investors Have Influence. We certainly do but too often we do not leverage it.

Investing

Balance Junkie makes the case for China as a Bull and China as a Bear.

Canadian Couch Potato makes a very interesting analogy between a consistently effective star hockey player and the indexing approach to investing. I remember Mike Gartner who was never a superstar but over his career scored a ton of goals each and every year.

Ever wonder why some companies pay dividends and why others should as well? DividendGuy asked this very question this week.

Are you bear or bull on dividend stocks? Like Jim Yih @ CanadianFinanceBlog, we’re bull on these types of stocks.

Lifestyle

Couple Money asks Are Monday to Friday Schedules Outdated? I think they are.

Buy Like Buffet provides 5 Ways to Feel Richer in 2011. Great ideas on how to approach your money and life next year.

Enjoy your weekend reading!

A special thanks to InvestingItWisely, MightyBargainHunter, InvestingThesis, IntelligentSpeculator, DividendMonk, MoneyCone, Boomer&Echo and PersonalFinanceByTheBook for including us in your weekly reading and carnivals. We are happy you have enjoyed some of our work.


http://seekingalpha.com/article/241160-gust-of-activity-puts-wind-etfs-into-focus
http://seekingalpha.com/article/241295-identifying-the-best-clean-and-renewable-energy-etfs
http://seekingalpha.com/article/241506-washington-tax-deal-may-signal-its-finally-time-to-buy-wind-and-solar

Giving to Charity - Sustainability for the Soul

As the financial year comes to an end and the holiday seasons approaches, Mrs. SPF and I have been reflecting on our personal finances which are now very much under control and quite sustainable. As we plan for 2011 we recognized that our finances are strong but that we felt something was missing. We felt as though we were not giving back to the community in which we live with our human or financial resources. It is not as though we didn’t give anything to charity, but we felt that we could, and should do more.

We sat down and looked at our current balance sheet and budget and determined we can afford to give more to charity and that this is the time of year to do so. Why now? First, this is a time of year where many are in need. The holiday season can be extremely difficult for those who are less fortunate than ourselves. Second, we feel that we were too focused on purchasing presents for people who appreciate them, but are hardly in “need”. Third, we believe that investing in our community has great value. Lastly, we recognize that charitable contributions in Ontario/Canada are tax deductible so while we are out of pocket today, we will receive a significant portion of our donation back from the tax man. We decided that we would donate $1020 to charities in 2010.

We decided to split up our donations relatively evenly. We gave:

  • $150 to the local Women’s Shelter
  • $150 to the Youth Emergency Shelter,
  • $150 to The Alzheimer Society,
  • $150 to a Children’s Foundation (for abused kids),
  • $150 to the local food share,
  • $150 to the AIDS network,
  • $100 to the Humaine Society and a smaller
  • $20 donation to “Mowvember” which is a cause where men in Ontario grow moustaches during the month of November to gain donations to raise funds for prostate cancer.

These organizations all have specific meaning for us and we felt they could use some financial assistance.

How do charitable tax deductions work? To encourage donations, the federal and provincial governments provide a two-tiered credit system. The amount up to $200 qualifies for a tax credit at the lowest tax rate. The amount over $200 qualifies for a credit at the highest tax rate.

For us, based on the $1020 figure we will get the following tax relief:

15% Federal + 5.05% ONT = 20.05% on the first $200 = $40.10
29% Federal + 11.16% ONT = 40.16% on the other $820 = $329.31

Total: $369.41 tax refund. We will be out of pocket $650.59. This investment in our community will return 36.5%.

We feel this is the right thing to do given our circumstances. We bought a house and a Subaru this year and paid for our wedding in full in the Fall of 2009. We have been able to pay some lump sums against our mortgage and a personal loan. We replaced our computers this year, I bought some tools and Mrs. SPF purchased some hobby items. We can surely find room to give to our communities. For 2011 we are discussing running a contest on this site where we will donate $50 on the behalf of 5 readers as a contest.

Sustainability for our souls.

Local Insurance Brokerages - A Dying Service?

Like many people out there I had not given our home and automobile insurance coverage a second thought. When I bought my first car I used a local brokerage that has a good reputation in town. Each year the policy would be renewed and I never looked for a better deal as I blindly and happily continued to “buy local” so to speak. When I bought my first house I called up the brokerage and had them cover my home insurance and I was happy to hear I got a discount on both the home and car insurance due to using the same company for coverage. My broker assured me that this was the best deal I could get and I believed the broker.

How wrong and silly was I. Naive even.

In the summer of 2010 we were moving to a new house and were buying our new Subaru Outback. I needed to make changes to our policies so once again I called up the broker to start the process of opening new policies on the new car and home and closing the old policies. Once again I was assured that Aviva (previously) Pilot was my best option. The first topic of discussion was our new car insurance. I was roughly quoted about $120 per month. Being a new car it seemed to make sense that I had been paying about $90 a month on our 8 year old car. The conversation then moved to our new house. This is where I learned a VERY valuable lesson. If they don’t ask, don’t tell! Why is this? We bought a 100 year old house that has a boiler furnace and the old style metal radiators. The pipes in the basement that carry the hot water are insulated with well wrapped asbestos (which when well wrapped and left undisturbed is harmless). Silly me, I told the broker this. She said she had to contact Aviva and would get back to me. Our home inspector had stated he saw no issue with the condition of the pipe wrapping so I wasn’t too concerned. A few days later the broker called me and told me that I could get coverage (for $108 a month) but I had to have the asbestos wrapping removed in 60 days or my insurance would be revoked. I was floored not to mentioned annoyed and perturbed at the thought I would need to shell out about $8000 to safely remove the wrappings.

This is when I decided to assess our insurance provider. The thought came to me that this brokerage must make money to survive. Were our monthly payments keeping them afloat? Most assuredly. I decided that I wasn’t overly happy with our new broker (the initial fellow was promoted and no longer managing our file) who worked part time and was very surly in her communications. So the time was right to hunt for the best rate. The first thing I realized is that I don’t need to pay for someone to be available for face-to-face discussions. I would always call or email the broker, so why pay their building lease and office costs too? I went over to the redflagdeals.com forums and discovered an insurance brokerage called TD Insurance Meloche Monnex which was getting great reviews for the cost of their insurance and their service. So I gave them a call. The rep was pleasant and worked to find us a good rate which included a discount for having both home and auto insurance through them. Check out the difference in price using an online/call centre service versus the local option.

Local Brokerage home 108
car 120
Monthly 228
Yearly Total 2736
TD Insurance home 67
car 94
Monthly 161
Yearly Total 1932
Monthly Difference 67
Yearly Difference 804

Wow! $804 a year?!? 29.4%. That is a significant savings.

I am now referring my family and friends to this TD service. My Dad made the switch and is reporting that their monthly insurance premiums (house, cars) were reduced from $331 to $208 or $1476 annually - a 37.1% saving (they have 2 vehicles). He is ecstatic and I am happy to have helped. I will tell my Mom about this soon as well. As our parents near retirement age and lower income they can use as much savings that they can discover and we’re happy to make them aware of our frugal discoveries. Some may ask whether or not abandoning our local brokerage is in line with our financial and lifestyle philosophy. We always prefer to buy local, when it makes financial sense. In this case, the local option is not sustainable for our personal finance.

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