Tuesday, October 14, 2008

Financial Incentive


If you could earn free stuff for recycling, would you do it? In Oregon, we already pay our deposit on bottles and cans so that we will be motivated to recycle and get our money back. This is an old concept. What the Newsweek article on incentives for a town in Massachusetts explains, is not.

At our house, we have a recycling bin that is larger than our trash bin (due requesting the smallest garbage bin.) We rarely fill up our garbage, but our recycling is always full. If we lived in the town of Everett, Mass., there would be one major difference. Their recycling is being weighed by scanning the can. Then it is inputted into a data base where residents receive points for discounts at various stores.

The company, RecycleBank, sounds like it has big goals in reaching millions of Americans. With stocks going down, this is one area that investors are seeing value. Stuck between a rock and a hard place- I am not interested in supporting the top %1 of our nation in keeping their finances under wrap...but, perhaps this is the chance that small investors need while stock prices are down. I am interested in any ideas that help save our planet. The added bonus would be the discounts from those earned points.

Big "THANK YOU!" to Yumi for sharing this article!

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