
Just before Christmas I went along to the launch of NEF’s (the New Economics Foundation) The Great Transition. The event was to discuss the current economic situation and banking reform.
It was a really interesting event, and the way it was structured was excellent, with a soap box in the middle of the room with one minute “speeches” or points being made before you were ushered off. It was really quick fire and energetic.
They had put together a one pager which you can get here, with some great ideas and advice on how the system could reform in the short term, and long term in order to create a more stable, fair and ethical system.
Over the past year or so I have become more and more frustrated with myself with how I spend my money, where I save and hold my money, and also the patterns of my spending. I have realised that actually a lot of the things I spend my money on make me less happy and make me feel less free.
What I found great, and maybe a little more inspiring, was some of the points made during the event about what you can do to put some pressure on the banks and Government to reform. But also what each of us can do if we are not happy with the our personal contribution to the current system.
Therefore, there are some actions that I have taken.
1. CHANGE BANK – I wasnt happy with my bank, for the service they provide, and what they stand for. I thought it was such a drag to change banks to a more ethical institution. So I have just opened a savings account for now, moving my savings into it, and some of my wages. Slowly moving across, by the end of next month I’ll be free from the bank.
2. STOP PAYING ON CARD – By stopping paying on card I can have a more tangible understanding of my money, how much I’m spending and how much I’ve got. However it also means that the banks arn’t making money off those transactions, and as someone at the event said they actually incur a small fee if we withdraw money and pay by cheques.
3. BUY LOCAL, LESS AND BETTER – This year I am going to strive to buy less stuff. The stuff I do buy I want to be of a higher quality, ethically produced, by ethical companies, and try and support my local businesses more and not take the easy (less tasty) options. Its really important to treat yourself once in a while and I recently read Amisha Ghadiali (Ethical fashion guru) blog post where she has some sound advice;
‘Try and set a limit for how many things you can buy a year. Make it the right number for you, think of how many things you usually buy every month or year and then take off at least a quarter.’
Also our everyday decisions can really have an effect. I’m trying not to think of these as resolutions, but more as a theme for the year. This way I hope it will feed into my everyday life easier, rather than being a list of things I need to do, but inevitably wont. It’s going good so far. I’ll blog my progress.