Put your money where your principles are…

11247970_10204759314167049_8826692576397745492_nLast year, I wrote a lot about my efforts to discipline my spending, weigh and balance what my financial choices say about me, and to be a mindful giver. This year, I hope you’ll join me as I try to turn all those words into deliberate action. I read a horribly controversial book by Chika Onyeani just a few months back and despite it’s crass racial rhetoric, it left with me a strong sense of responsibility for my financial choices.

We all watched quietly in 2013 as thousands died in Bangladesh’s Savar/ Rana plaza building collapse, but I’m sure that you – like me – turned away with a feeling of helplessness. Those of us who felt anything at all likely donated money to an active charity doing rescue and recovery. What we did not do, surely, was research the brands that sourced garments from these factories that told their sweatshop workers to return to work despite visual indications that the building was unsafe. We didn’t stop buying the accused brands and we certainly didn’t demand retribution. According to Forbes, we’re talking about Benetton, Primark, Walmart, and JC Penney among the names you know, but Carrefour and NKD among those you don’t.

I could say I care because many haven’t compensated the lost and injured, but frankly I care for purely selfish reasons. I care because even those that have paid something have surely turned profits 100 fold on the labor bought and sold on the cheap in far flung places. I care because I’m sure they overcharged me, underpaid their workers and made out like fat cats on both our complicity.  I care because I want to do no harm, and apparently, shopping endorses forms of slavery that big businesses will say are sanctioned because you and I keep spending. I care because where I spend my money threatens to paint me as both an idiot and an asshole if I don’t pay enough attention to understand the implications of those financial choices.

In this new year, I am making a sincere effort to make better financial choices. In addition to starting a budget, which I have never actually had in my life, and increasing my monthly charitable giving, I am making a concerted effort to spend my money mindfully – #shoplocal, support free & fair trade, shop small and minority owned businesses, read the ingredients and animal testing disclaimers on all labels, research before clicking ‘check out.’

Some transgressions are unavoidable, like the Tantalum in our iphones or the chocolate in the dessert served at our favorite haunt, so that’s all the more reason to take a stance on what we can control. We have all gotten used to the ease of Amazon Prime and the convenience of big box stores, but the easier it is to buy and the cheaper goods seem to cost, the more likely it is that companies are cutting corners – in paying their workers, in being socially responsible, in doing no harm to the environment. The list goes on…

So, this year, I want every dollar I spend to NOT be easy. It should take effort and deliberation to wrench my pennies from my pockets. I want to monitor the life cycle of each cent and I want to know that this year, my hard earned money went in greater percentages to better causes. The filter between receiving my pay check and buying material things should only allow mindful purchases, necessary objects and proud choices to make their way onto my bank statement. And if I can have a face to put to the names of the brands in my closet, in my pantry, and in my office – all the better. If this process makes me shop less, what a priceless added benefit! I hope you’ll consider making a similar declaration to reverse consumption as a habit, and consider spending an act of protest and philanthropy.

It takes a village to do right by the world.

***

See below a short list of the businesses I’m considering supporting going forward. I haven’t done all the reading I need to, but I like what I see so far. I hope you’ll do some research too and let me know if I should re-consider. Comment with the names/ lists of other brands and businesses to consider that aren’t listed here. Help me grow this list!

*No, I haven’t been paid to list those below and I won’t get kick backs or discounts if you shop. Some brands I’ve tried already (evanhealy, bami, Geeda’s, MOMs & Grenada Chocolate Company) and have had great personal experiences, others are completely new. There’s no funny business here. *

Bath and Body

Home

 

Clothing and Accessories

  Food & Dining

 

 

Lists to comb and consider for U.S. shoppers:

Fair Trade Clothing

Black owned businesses

Black owned spas

Women owned businesses

Toxin-free cosmetics

Black owned bookstores

Cruelty free products

 

 

3 thoughts on “Put your money where your principles are…

  1. Pingback: Finicky Financial Advice | existabovethenoise

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