Snow Changes Everything But Does It Make Your Financial Future Better
19 January 2017 @ 18:58
How is climate change going to affect your economy? Is it going to make daily living costs more expensive, or are energy costs going to go down? Some argue that we are going to spend less money heating our homes, but I am not sure if that is going to have an effect. Perhaps we will spend more time cooling our homes instead.
Will Climate Change Affect Food Prices?
Knowing how climate change will change daily living costs is hard to predict. Food prices keep rising all of the time, and I wonder if they will rise more when climate change really takes hold. After all, it could become more difficult to grow fresh fruit and vegetables if more UV rays reach the earth. It could mean that more more and vegetables would have to be discarded. The alternative is that we would have to invest in giant growing centers. Who would end up paying for those? In the end, I am pretty sure that the consumer would end up paying for them.
Taxing Energy Use
Energy is another thing that is likely to occur further taxes. Some countries are talking about putting an energy tax on even green energy to make sure that we implement more energy saving ideas into our homes. Of course, insulting your home against a hotter climate using environmental friendly materials is unlikely to be cheap.
Will Climate Change for a Tax on Water Usage?
Water is yet another issue. If there are less water available for us to use, the price of water will go up. So will the cost for waste away. Pay as you use meters are likely to become more common, and some even talk about a water usage tax.
How Much Tax can You Afford to Pay?
How much tax can you actually afford to pay? We pay a lot of tax already, and it seems that it is only the very rich who can afford to find the right tax exemption advice. It might be a good idea to plan ahead and maybe even start to save towards future living expenses. One thing is for sure, the future is not going to be cheaper.
It is time to find out how you can save and make money. Keep an eye on foreign exchange rates and perhaps put them to good use. Saving in the traditional way is not doing us a lot of good at the moment. Taking a look at creating your own investment portfolio. It can be made up out of foreign currency investments, pensions plans and online trading portfolios. Stock trading online could be an excellent way of saving for the future.