The premise of this article is that the wealthiest 1% got rich — and continue to do so — by selling us stuff we don’t really need. So all it takes to redress the balance is for us to buy less of that stuff.
1. Don’t change your car this year — or next. Your car is still doing the job you bought it for — taking you to work, the kids to school, the family to the game and so on. Unless it has started costing you a lot for repairs and/or the tires are worn, why change? Sure, the ads put out by the makers tempt you with all the great features available on the latest model and offer so called ‘fantastic’ deals on finance. But why get yourself into debt for something you don’t really need, yet?
Same goes for your spouse’s car.
And your teenage kid’s car.
2. Don’t change your refrigerator, washing machine, dish washer, microwave, oven, hob, coffee maker, boiler, etc. Same reason: the ones you have are still working fine, doing what you expect them to do.
Do, however, look after them: clean them regularly.
If you are in a hard water area consider installing a water softener to prevent the build up of lime deposits.
3. Don’t upgrade your smart phone, TV, tablet, laptop, computer, just because the latest version looks great and does things your present device doesn’t.
Are you sure you need those extra features? Will they require you to sign up for extra services adding to your monthly outgoings? Remember, those charges are how the likes of Apple and Google got rich and are getting richer. But are they really value for money, or can you continue to do what you need to do with the device you have?
Same goes for your spouse’s devices.
And your children’s phones and gaming consoles.
4. Instead of buying the latest fashion wear, make the clothes you have last for another season.
In fact, forget the whole idea of ‘seasons’, except in the original meaning of spring, summer, fall, winter.
Like the electronics industry, fashion businesses are among the biggest polluters, the biggest users of plastics, and the biggest exploiters of sweated…