In today’s world, every dollar counts. Knowing where your money is going and the causes it supports, whether directly or indirectly, is one thing you can do to be socially responsible. And when your goals include promoting diversity and ensuring equal playing grounds for women, minorities, and other demographics, where you shop matters.
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Start with your bank.
Many people don’t even think about what happens to their money when it sits in the bank. We all know it’s pooled with other funds to offer loans and other financial services to bank customers. However, our banks are highly profitable businesses, and some, such as Goldman Sachs, utilize some of this wealth to promote small businesses in the US and abroad. Putting your money here or another bank that aligns with your personal values is a passive yet impactful way to use your money without affecting your budget.
Shop smart.
Every time you make a purchase, your money goes not only to pay employees but also works to promote that business’s ideals. Know where you shop, and, if your intention is to support companies that promote diversity, do your research before you spend.
Companies, such as Kohl’s, offer everything from home goods to shoes to accessories to clothing to beauty products. They also work diligently to be an inclusive brand. By promoting diversity both from within and in the products it sells, the corporation is setting a precedent for style in the US and abroad. If you’re concerned that you can’t afford stores like Kohl’s, keep in mind that Kohl’s coupons and promotions can keep your budget trim while continuing to allow you to support your favorite causes.
In addition, look for small business sellers on Amazon. Amazon, despite being one of the largest and most recognizable corporations in the world, actually does a lot to promote diversity. The company, which is ranked number two on Forbes World’s Best Employers list, supports women entrepreneurs, military veterans, and small sellers from all corners of the globe.
It is not just the goods you purchase that matter, either. Even the services you subscribe to may be done so responsibly to align with your personal values. Your internet provider is a perfect example. Verizon has a strong inclusion and diversity statement and works diligently to provide resources for its employees so that they can be the best version of themselves.
Stay small
Perhaps one of the most important things you can do to control how your dollars are spent once they leave your pocket is to shop small. Not only does shopping with local businesses enhance your local economy but it also conserves your tax dollars and helps the environment. Plus, small businesses are more likely to be more visible within your local community, meaning you have an immediate feel for how that business promotes social stewardship.
In a world where money is tight, you have to make every dollar count. And when you want your paycheck to benefit the greater good, you have to be extra diligent in managing how you spend. From choosing a bank that chooses people over profits to shopping your favorite stores with coupons to help you save, the above tips can help you be a more responsible consumer so that your money impacts the world today so that it will be a better place for those who will inherit it tomorrow.
