Hey friends! A shorter video today, but from next week I will be posting two videos a week again! Hope you're having a wonderful weekend - the sun has just come out here in the South of England after a few days of thunderstorms! As always there are time stamps so feel free to watch the most relevant bits to you xx
I would be cautious about using Aspiration. Before switching, look at their actual business model and make sure that you understand what they are doing and if you are ok with the level of risk. They are NOT fdic/ncua insured (this is very important to know). What they are doing is taking all the deposits they get from their members and putting them in a separate account in another bank (there is a list of those banks on the website). The account at the 3rd party bank(s) IS fdic insured, but it’s insured in the name of Aspiration. If Aspiration goes out of business or is less than legitimate, you would need to take them to court to get your money back. (I was in the US banking industry for over 10 years, with a focus in federal compliance and anti-fraud.)
@@findingagain They may be totally ok and on the up & up, but I don't like to rely on "trust" when I can rely on the law. If you are looking for a different place to keep your money, I'd suggest looking at a credit union (USA) insured by NCUA or a building society (if you're in the UK).
@@KellyS_77 sorry to butt in, this is something I've been hoping to swap lately but have no idea where to start. Do you mean building societies are already an environmentally friendly option?
Yes! I considered using Aspiration but ended up switching to a NCUA insured credit union instead when I looked into it a bit more. Thanks for highlighting this!
“Climate Positive Series”… geez Immy… aren’t you just the most inspiring and creative person. I love this concept and am excited for more. You always make me feel enthusiastic about new learning, and want to grasp onto new ways of doing things. Very empowering!! Thank-you for keeping things fresh, and for teaching this ol’ dog new tricks. I’m here for it… always!!! 💜😃
Thank you for that. I hate to think what we can unconciously support something that is so harmful to everyone of us. It just shows what motivates those companies and their values. Thank you for this reminder. I personally don't like subscriptions, because they can charge and ship stuff when you havem't actually finished your food/products. I don't like the fact that my bank account is being charged on the background without me being in control of it. I prefer to actually manually buy stuff when I need. You mentioned Smol. I think even more minimalistic and cheaper method would be to use distilled vinegar in your wash and/or a laundry ball. I have been using it for the last year or so and it works like a charm. I do have a rainwater collector and I do make my own compost as well. That's the epitome of a circular economy and I love it!
I really appreciate the thoughtful research and effort you put into every video, and its great to see your journey into a more sustainable lifestyle, I mean, it’s great to see swap tips that focus on objects, but this is on another level. I’m a climate change and sustainable finance consultant, working on a certified B Corp in Brazil, and this content truly ticked all the boxes for me, keep up the good work! Plus, on another note, the tip to look for B Corps in general is a good one. The requirements to be certified (and to keep the certification) represent the highest standards in governance and impact-driven business models that we have today. Personally, I aspire to work at B Corps, I buy clothes from B Corps, which are usually also providing certified cotton and use recycled materials, and so forth.
This was was very informative and interesting! something that always seems daunting is figuring out where past investment money has actually gone but definitely agree an important action step
I switched to a credit union in 2013 and got rid of my outside big bank credit cards. I now have my debit card and one credit card from the CU. Great video!
Klingt erstmal blöd, das stimmt. Andere Banken holen sich das Geld unter anderem, indem sie Finanzprodukte verkaufen und dafür Provisionen bekommen, wodurch nicht unbedingt das für Kund*innen individuell richtige Finanzprodukt empfohlen wird, sondern das mit der größten Provision. Das machen die einzelnen Berater`*innen nicht aus böser Absicht, sondern weil das System so "funktioniert". Da finde ich es ehrlicher, von allen Mitgliedern einen kleinen Betrag zu nehmen und Kund*innenorientiert zu beraten.
Ashamed, as an older person, that I had never thought of how the bank uses my money. Thanks for the information. Pension days are done unfortunately, but still good to know and pass on. I bet younger folks in my family don't know this; Now they will.
I Know I need to just do it and swap banking options, i just have all those auto pays set up I dont know passwords. One day at a time I will do more reseach thanks
Just wanted to also add to your closing comment… long live composting and rainwater collection💦 So easy… so natural… so purposeful… and these simple actions make us feel even more connected to the earth, what it provides for us, and how we can reciprocate 🌿💧🌧💚🌍
Hello there, I would like to thank you for talking about finances and sustainability, it’s a very worthy change to make! When you talk about Ethical banking & pensions though, vegan subscribers need to also be aware of the Animal Ag industries and how much fiscal support they receive from some so-called ‘Ethical’ financial alternatives. Some of these DO NOT take this into account when listing how ‘Ethical’ they are! This is despite Animal Ag, according to research out of Oxford University is the single most devastating influence on our environment! So, we need to take responsibility for where we put our money, I agree wholeheartedly, but we need to be aware of the institutions Value’s before swapping! If anyone needs suggestions from an Australian context, let me know & am happy to help!☺️ Kindly, Sharlot from Melbourne.🌻
Thank you so much for this video Immy. I've been aware of ethical banking for a few years, but I've never really thought about my pension providers. Will look into this over the next few weeks 👍😊💖
There are defined benefit (controlled and risk borne by employer and they make up any deficit in funding) and defined contribution (employer contributes to pension but does not have to make up any shortfall for the pension investments not performing as well as expected, risk borne by employees who can control how the pension is invested).
OMG you just did my job for me hahaha I was planning on researching an ethical bank for my move to the us!! Definitely going with Aspirations !! Thank you 😊
Hi Anna and Jemma… we sure have limited options in 🇨🇦, don’t we? As far as banks go, I think your local Credit Union is perhaps a better option than the big banks. I, too, need to do more research. The last time I inquired about my pension it was locked in, unfortunately… but I will be looking further into that too,
Credit unions, wealthsimple socially responsible TFSA, I have an RRSP through NEI. Might be better options for daily banking but this is what I’ve come up with for myself so far.
@@marycharlebois6627 thanks! I was wondering about that. I have a couple of trust accounts at Meridian for my grandkids, but I use Simplii Financial for my own money. It's mostly an online bank, but affiliated with CIBC, and I'm not sure exactly how that connection affects what they do with my money. What I like is that there are no service charges and I can use CIBC ATMs without charge.
@@jemma50 How wonderful that you have accounts set up for your grandkids. It’s very concerning what Immy has mentioned about how banks use our money, but it sounds like you’re on top of things Jemma. Have a great day… sunshine here today in the PNW🌞
Very educational. 🤗🌻 I love watching your videos. Especially the ones about slow living. As an uni student with online classes it's easy to get thrown into the hustle culture. You have taught me to take it slow when I can and take care of myself.
Another great video from you today, this feels really well thought out and prepped (not that your others don't!) and is providing information in bite sized chunks and advising viewers to go and do their own research too. I wish more people did this. Also really appreciate no ads on a sponsored video, big fan of this and love that you are doing it. Hope you are well and that you have a great week x
I didn't realize that my money was funding industries that I do not support 😔😔😔😔🤦. I will need to look into this. As for a pension fund, I can't not move from my current one 😔, different countries have different regulations, but still good to know. Thank you for such an informative video
I changed my Superannuation (pension) in Australia as soon as I learned where my funds were really going. Looking forward to exploring what other banks out there align with my values 💕
An inexpensive and simple switch from detergent is a mixture of washing soda, Borax and cake soap like Zoot. Grate the soap and sprinkle a tablespoon or so in with a small scoop of the mixture of the powdered washing soda and Borax. If I have seriously stained items, I often let the wash go for a few minutes, then let it sit a bit before finishing the cycle. My laundry comes out clean and fresh and does not require the use of fabric softener.. This was an amazing savings for me. I estimate about 1/5 of the cost from before. And no plastic jugs to lug around.
I have Aspiration! I absolutely love it. You can get paid earlier than payday, no fees, and if you are in a pinch you can transfer money between your accounts instantly. The only downside is this bank does not have checks. While most people never need them, there have been a few instances where I needed checks. For that I had to use my other bank. But otherwise Aspiration is my main bank.
@@kinkyandskanky sorry, just seeing this now! No, I personally have had no problems. I do know someone who had issues with transferring funds but they were able to get it resolved quickly. Also, I was wrong about the checks. You actually can order them from them as well. :)
This is the only thing I can find on the government website: www.gov.uk/employers-workplace-pensions-rules But I'm surprised that your employer would not allow you to change to your own - perhaps something to take up with HR?
Your workplace pension will be in a scheme that you don't have loads of say over unfortunately, you could try and raise it with your employer that company values would tie in better with X Scheme (no fossil fuels, no arms etc) and affect change that way? I have chosen to accept my workplace pension is what it is and focus on my personal banking and private pension instead which I pay into through PensionBee (very easy to consolidate old workplace pensions into one place too). I hope that helps a bit?
I’m so glad you brought up changing your bank!! I honestly never thought about where they invest my money and I am now going to look into changing my bank since I’m pretty confident it doesn’t invest in what I value.
I've linked an article from Ethical Consumer Magazine on Banks as they've done extensive research on the topic! www.ethicalconsumer.org/money-finance/shopping-guide/current-accounts
I wish I had looked more into Aspiration before signing up. I appreciate your recommendation, but after signing up I read all these horrible reviews from people, and I am concerned about where my money is going now. I wish you had kind of illuminated on these bad reviews in the video honestly.
Hey friends! A shorter video today, but from next week I will be posting two videos a week again! Hope you're having a wonderful weekend - the sun has just come out here in the South of England after a few days of thunderstorms! As always there are time stamps so feel free to watch the most relevant bits to you xx
I would be cautious about using Aspiration. Before switching, look at their actual business model and make sure that you understand what they are doing and if you are ok with the level of risk. They are NOT fdic/ncua insured (this is very important to know). What they are doing is taking all the deposits they get from their members and putting them in a separate account in another bank (there is a list of those banks on the website). The account at the 3rd party bank(s) IS fdic insured, but it’s insured in the name of Aspiration. If Aspiration goes out of business or is less than legitimate, you would need to take them to court to get your money back.
(I was in the US banking industry for over 10 years, with a focus in federal compliance and anti-fraud.)
I was concerned about this. Thank you!
@@findingagain They may be totally ok and on the up & up, but I don't like to rely on "trust" when I can rely on the law. If you are looking for a different place to keep your money, I'd suggest looking at a credit union (USA) insured by NCUA or a building society (if you're in the UK).
@@KellyS_77 sorry to butt in, this is something I've been hoping to swap lately but have no idea where to start. Do you mean building societies are already an environmentally friendly option?
Absolutely this. My ears pricked up when I heard 'not a bank'.
Yes! I considered using Aspiration but ended up switching to a NCUA insured credit union instead when I looked into it a bit more. Thanks for highlighting this!
I feel like all credit/debit/gift cards should be made from recycled ocean plastic. That's a small step there that could help make a difference.
“Climate Positive Series”… geez Immy… aren’t you just the most inspiring and creative person. I love this concept and am excited for more. You always make me feel enthusiastic about new learning, and want to grasp onto new ways of doing things. Very empowering!! Thank-you for keeping things fresh, and for teaching this ol’ dog new tricks. I’m here for it… always!!! 💜😃
In Deutschland sind die entsprechenden Banken die GLS Bank, die Ethikbank und triodos 🍀
Danke für deinen Kommentar 😊 das ist super hilfreich zu wissen!
:D lustig einen deutschen Kommentar hier zu lesen, aber auch sehr hilfreich, danke! Habe mich schon gefragt, wie es in Deutschland da aussieht.
I clicked expecting a fun educational. I got a fun, honest and informative educational video 💕
Glad you enjoyed it!
Thank you for that. I hate to think what we can unconciously support something that is so harmful to everyone of us. It just shows what motivates those companies and their values. Thank you for this reminder.
I personally don't like subscriptions, because they can charge and ship stuff when you havem't actually finished your food/products. I don't like the fact that my bank account is being charged on the background without me being in control of it. I prefer to actually manually buy stuff when I need.
You mentioned Smol. I think even more minimalistic and cheaper method would be to use distilled vinegar in your wash and/or a laundry ball. I have been using it for the last year or so and it works like a charm.
I do have a rainwater collector and I do make my own compost as well. That's the epitome of a circular economy and I love it!
I really appreciate the thoughtful research and effort you put into every video, and its great to see your journey into a more sustainable lifestyle, I mean, it’s great to see swap tips that focus on objects, but this is on another level. I’m a climate change and sustainable finance consultant, working on a certified B Corp in Brazil, and this content truly ticked all the boxes for me, keep up the good work!
Plus, on another note, the tip to look for B Corps in general is a good one. The requirements to be certified (and to keep the certification) represent the highest standards in governance and impact-driven business models that we have today. Personally, I aspire to work at B Corps, I buy clothes from B Corps, which are usually also providing certified cotton and use recycled materials, and so forth.
This was was very informative and interesting! something that always seems daunting is figuring out where past investment money has actually gone but definitely agree an important action step
Would love to get some UK sustainable bank recommendations 💷
I really enjoy your videos! Thank you for posting. 😊
Thank you for the video. I really need to look into my pension. In terms of banking, I'd recommend Triodos for UK customers.
Thanks for this video. Im the process of opening a bank account with Helios which is an éco friendly bank in France. They have wooden debit cards
Terrific; thank you. 🕊🌱❤️
Thank you for these tips…I’ve never really considered it.
I switched to a credit union in 2013 and got rid of my outside big bank credit cards. I now have my debit card and one credit card from the CU. Great video!
Only ethical banks I found in germany have a monthly fee and I don't have the money for that :/ Why do I have to pay someone to hold my money anyways
I didn't know that yet,i think that is strange🙄.thank you for the information🌻
Klingt erstmal blöd, das stimmt. Andere Banken holen sich das Geld unter anderem, indem sie Finanzprodukte verkaufen und dafür Provisionen bekommen, wodurch nicht unbedingt das für Kund*innen individuell richtige Finanzprodukt empfohlen wird, sondern das mit der größten Provision. Das machen die einzelnen Berater`*innen nicht aus böser Absicht, sondern weil das System so "funktioniert". Da finde ich es ehrlicher, von allen Mitgliedern einen kleinen Betrag zu nehmen und Kund*innenorientiert zu beraten.
Ashamed, as an older person, that I had never thought of how the bank uses my money. Thanks for the information. Pension days are done unfortunately, but still good to know and pass on. I bet younger folks in my family don't know this; Now they will.
Please do not feel ashamed... We can't know everything. think of the good you will do now that you do know and will pass the info on. :)
Dont blame yourself, blame the banks instead for doing this
Woah, great video, learned important stuff I almost never considered
Glad it was helpful!
Thanks for doing the work. This has been bothering me that my company and bank are not transparent about where the money goes!
I Know I need to just do it and swap banking options, i just have all those auto pays set up I dont know passwords. One day at a time I will do more reseach thanks
Just wanted to also add to your closing comment… long live composting and rainwater collection💦 So easy… so natural… so purposeful… and these simple actions make us feel even more connected to the earth, what it provides for us, and how we can reciprocate 🌿💧🌧💚🌍
I love swaps you only have to do once
Would you or somebody in the comments section know of an Irish ethical bank?
Best way to spend a Sunday 🙂
I had no idea what was happening with my money, thanks for the information
Hello there,
I would like to thank you for talking about finances and sustainability, it’s a very worthy change to make!
When you talk about Ethical banking & pensions though, vegan subscribers need to also be aware of the Animal Ag industries and how much fiscal support they receive from some so-called ‘Ethical’ financial alternatives.
Some of these DO NOT take this into account when listing how ‘Ethical’ they are! This is despite Animal Ag, according to research out of Oxford University is the single most devastating influence on our environment!
So, we need to take responsibility for where we put our money, I agree wholeheartedly, but we need to be aware of the institutions Value’s before swapping!
If anyone needs suggestions from an Australian context, let me know & am happy to help!☺️
Kindly, Sharlot from Melbourne.🌻
Thank you so much for this video Immy. I've been aware of ethical banking for a few years, but I've never really thought about my pension providers. Will look into this over the next few weeks 👍😊💖
Very nice talk. I’m too old for a pension but I do the little things and I will check out my bank.
I asked my husband about his pension and he told me there was no way to change it, since it is through his employer. US Midwest here.
There are defined benefit (controlled and risk borne by employer and they make up any deficit in funding) and defined contribution (employer contributes to pension but does not have to make up any shortfall for the pension investments not performing as well as expected, risk borne by employees who can control how the pension is invested).
Do you know of UK banks that are good. I always go with Building societys.
I love this! I had never given much thought to the environmental impact of pensions and our bank accounts, but it’s so important to be aware of!
OMG you just did my job for me hahaha I was planning on researching an ethical bank for my move to the us!! Definitely going with Aspirations !! Thank you 😊
Wow! This is super informative. Thank you 🙏
This is amazing! Wondering if anyone knows these resources for Canada? I tried to find some but realized I have no idea if I found anything
I'm wondering the same thing, Anna!
Hi Anna and Jemma… we sure have limited options in 🇨🇦, don’t we? As far as banks go, I think your local Credit Union is perhaps a better option than the big banks. I, too, need to do more research. The last time I inquired about my pension it was locked in, unfortunately… but I will be looking further into that too,
Credit unions, wealthsimple socially responsible TFSA, I have an RRSP through NEI. Might be better options for daily banking but this is what I’ve come up with for myself so far.
@@marycharlebois6627 thanks! I was wondering about that. I have a couple of trust accounts at Meridian for my grandkids, but I use Simplii Financial for my own money. It's mostly an online bank, but affiliated with CIBC, and I'm not sure exactly how that connection affects what they do with my money. What I like is that there are no service charges and I can use CIBC ATMs without charge.
@@jemma50 How wonderful that you have accounts set up for your grandkids. It’s very concerning what Immy has mentioned about how banks use our money, but it sounds like you’re on top of things Jemma. Have a great day… sunshine here today in the PNW🌞
Any local credit union banks are the best way to go as well.
Very educational. 🤗🌻 I love watching your videos. Especially the ones about slow living. As an uni student with online classes it's easy to get thrown into the hustle culture. You have taught me to take it slow when I can and take care of myself.
Love this video
Thank you thank you thank you for going into more detail on banking ethically!
more of these videos please! :)
Can I ask what uk banks would u suggest I’m just curious so I can look them up as looking to change banks x
Triodos is a great one, and online ones tend to be quite good too
Thank you, I will look into it as am having issues with my Lloyds bank and want to change to something better.
Wonderful tips! And that beautiful ring sure looks great on your finger. 💕 Enjoy your week!
I love your channel!
Thank you so much!
Thank you 💛
What is the UK equivalent to aspiration? (assuming it’s for US only customers)
I'd recommend Triodos.
Banking is something I never even thought of! I use Chime which has been really great, but I'm definitely going to do a little research now
Another great video from you today, this feels really well thought out and prepped (not that your others don't!) and is providing information in bite sized chunks and advising viewers to go and do their own research too. I wish more people did this.
Also really appreciate no ads on a sponsored video, big fan of this and love that you are doing it.
Hope you are well and that you have a great week x
Tesla! 💎🙌. Lol. There is a Vegan Etf too. Love this video!!! Great job
I didn't realize that my money was funding industries that I do not support 😔😔😔😔🤦. I will need to look into this. As for a pension fund, I can't not move from my current one 😔, different countries have different regulations, but still good to know. Thank you for such an informative video
What are the UK alternative banks??
www.ethicalconsumer.org/money-finance/shopping-guide/current-accounts
I changed my Superannuation (pension) in Australia as soon as I learned where my funds were really going. Looking forward to exploring what other banks out there align with my values 💕
Can you say where you moved it to? Also in Aus.
@@valeriegilmour1086 Australian Ethical Super is great, really easy to switch from my employer's default choice of super to this new one
I'm looking for a laundry detergent swap in the US. Recommendations?
An inexpensive and simple switch from detergent is a mixture of washing soda, Borax and cake soap like Zoot. Grate the soap and sprinkle a tablespoon or so in with a small scoop of the mixture of the powdered washing soda and Borax. If I have seriously stained items, I often let the wash go for a few minutes, then let it sit a bit before finishing the cycle. My laundry comes out clean and fresh and does not require the use of fabric softener.. This was an amazing savings for me. I estimate about 1/5 of the cost from before. And no plastic jugs to lug around.
I have Aspiration! I absolutely love it. You can get paid earlier than payday, no fees, and if you are in a pinch you can transfer money between your accounts instantly. The only downside is this bank does not have checks. While most people never need them, there have been a few instances where I needed checks. For that I had to use my other bank. But otherwise Aspiration is my main bank.
have you had any issues? i read a bunch of horrible reviews online that they have terrible customer service and stuff
@@kinkyandskanky sorry, just seeing this now! No, I personally have had no problems. I do know someone who had issues with transferring funds but they were able to get it resolved quickly. Also, I was wrong about the checks. You actually can order them from them as well. :)
Thanks Immy ❤
For the Netherlands.....
I tried to change my pension at work but the company I work for wouldn’t allow me. Is this legal in UK?
This is the only thing I can find on the government website: www.gov.uk/employers-workplace-pensions-rules
But I'm surprised that your employer would not allow you to change to your own - perhaps something to take up with HR?
My pension is locked in as well. No option for change. I’m a teacher from 🇨🇦.
Your workplace pension will be in a scheme that you don't have loads of say over unfortunately, you could try and raise it with your employer that company values would tie in better with X Scheme (no fossil fuels, no arms etc) and affect change that way? I have chosen to accept my workplace pension is what it is and focus on my personal banking and private pension instead which I pay into through PensionBee (very easy to consolidate old workplace pensions into one place too). I hope that helps a bit?
I’m so glad you brought up changing your bank!! I honestly never thought about where they invest my money and I am now going to look into changing my bank since I’m pretty confident it doesn’t invest in what I value.
Can you make a suggestion about an ethical uk bank.
I've linked an article from Ethical Consumer Magazine on Banks as they've done extensive research on the topic! www.ethicalconsumer.org/money-finance/shopping-guide/current-accounts
@@SustainablyVegan this article can only be read in full if you subscribe, unfortunately
If you scroll down beyond that sign you can see the article!
❤️
Absolutely loved this video and learned a lot! Seriously thank you - looking forward to look into these swaps
What if you're part of a credit union? Would Aspiration still be better in that case?
The credit union is insured!
Can a person transfer credit card debt over to Aspiration and no longer have interest fees that prevent the ability to pay down the debt?
Are building society's okay then? 🤔
I wish I had looked more into Aspiration before signing up. I appreciate your recommendation, but after signing up I read all these horrible reviews from people, and I am concerned about where my money is going now. I wish you had kind of illuminated on these bad reviews in the video honestly.