Wednesday, March 26, 2008

Go Green With Payitgreen.org

If you are getting 10 account statements in the paper format over the mail and also if you are paying those with checks. You are using up a lot of resources. Here is a sample calculated for 10 statement a month and to payments a month;

By switching to electronic bills, statements, and payments, you can conserve the following resources in 1 year:

Paper 3.7 pounds of paper saved
Water 36 gallons of wastewater prevented from discharging into lakes, streams and rivers
Gasoline 4.8 gallons of gas saved by not mailing your bills, statements, and payments
Greenhouse Gases 148 pounds of greenhouse gases avoided
This amount of greenhouse gas is the equivalent of: 146 miles not driven in your car
2 trees planted (and grown for 10 years)
20 square feet of forest preserved from deforestation

The Payitgreen is an organization of financial institutes that stand to gain more by you switching to electronic payments. I did not find anywhere about any rewards from them regarding this. The only reward I know at the moment is that you would be helping to make this a better place. By switching to electronic payments, one can save a lot green resources.
There is a country I know that uses very little paper bills, Japan. Yet we hear very little about stolen data and identities from Japan. If this Payitgreen is capable of providing proper security I do not see any reason not to change.
You can learn more at Payitgreen website.

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