Working towards creating a better future should be budgeted into every family plan. If we establish what retirement looks like we’d imagine the same standard of life indefinitely. But, there now needs to be a symbiotic relationship between us and the environment. Caring for our home and considering nature is now more important than ever!
Statistics show that sixty-five percent of Canadians are contributing some of their earnings towards retirement each year. When we come to the crossroads later in life we understand the value in saving once it’s time. It`s nice to have eggs still left in the basket for ourselves and our children.
The decision to make ONE change can give you a huge payback that many people will miss in a lifetime. There are currently 7.7 billion people on Earth and only four million people have bought all-electric cars so far.
Novelty and how it affects retirement plans
Ordinarily, brand new car purchases are a popular choice for many Canadians. The thrill of the drive and that new car scent is alluring and attractive and the temptation is real! Statistics show over two million brand new cars were sold in 2018 in Canada. Yet, once a new car leaves the dealership’s lot everyone knows the car depreciates significantly in value. But, we still buy them anyway!
The next best model, a faster motor, larger towing capacity, fully loaded, or even the basic package. People want it! Our brains are hard-wired to seek new and unfamiliar. The reward chemical dopamine injects us with happiness and fuels the need for new and different things. But, what do you think would happen if everyone decided to save their money? Just keep the car they had or buy used?
The people of Cuba keep the cars they have and so far have kept them going for close to seventy years! The cars are now pretty rare and car collectors consider them desirable so keeping your car could be beneficial. If we wore our cars out before buying another the world would be a very different place. We would all be a little richer.
How To Make An Environmental Friendly Investment And Save Money
Conversely, what we need now is an alternative motor for the future. One that can solve the rising CO2 emissions. The Lithium reserve in the world holds enough for four billion people to use one electric vehicle. Presently, electric car sales are on the rise every year. Canadians have bought nearly thirty-five thousand units in 2018 alone. A rise of 158% compared to 2017!
I’ve done some research and found the Nissan Leaf is super affordable. It is also the second most popular all-electric vehicle behind Tesla. The all-electric vehicle is traditionally less harmful to the environment. Plus, statistics show a consumer will save $860.00 in fuel each year! The 2012 Nissan Leaf’s average costs are an affordable $14,000.
A new all-electric vehicle will take thirty years of fuel savings to pay off the original cost of the car. Therefore, it doesn’t make much sense for those trying to save money. The reduction of petroleum consumption will reduce the carbon footprint for each household. Thus, reducing Canada’s reliance on oil from foreign countries.
The car companies have come up with all the bells and whistles a commuter could ever need. The carbon footprint from the manufacturing cost of one car is equal to twelve tonnes of CO2. This is equal to the weight of two elephants!! Canadian consumers have bought two million new cars last year. This is equal to four million elephants sized puffs of CO2 released into the atmosphere every year.
Electric cars are on the rise as a reliable, environmentally friendly option. Buying it used, makes the most sense for the average person’s pocketbook. Save money for retirement and give our health and the health of the environment a break.