The circular economy contrasts with the traditional model where products are manufactured, used, and then discarded. Instead, it’s about keeping resources in circulation for as long as possible. This means designing products that can be repaired, upgraded, or recycled, thereby maximizing the value of each resource and benefiting both consumers and businesses. Here are five tips for living more circularly:
Choose products that are sustainably made, repairable, and recyclable. Avoid single-use items and consider buying second-hand or recycled goods
There are many social media groups where you can give away or receive second-hand items like furniture and clothing. If you have items you no longer use, they might be useful to someone else. Charities and second-hand stores are also happy to accept items in good condition.
Give new life to what you already have. Old clothes can become accessories, jars can be used for storage, and much more.
Shop from companies that have a circular business model and offer services like recycling, repair, or reuse of products.
Borrow, rent, or share items instead of owning everything yourself. This could be tools, cars, or other resources. If you own your home, car, or boat, there are platforms that help you rent them out when you’re not using them, contributing to the circular loop.
While the circular economy isn’t the core of our business idea at SaveLend, we recognize the importance of promoting interaction between people and resources. Through our savings platform, we connect supply and demand by financing loans to both individuals and businesses with your investments.
We hope you find inspiration in these tips and continue to enjoy September. Don’t hesitate to contact our support if you have any questions – we’re here to help.
Here we present as usual the total average return for Balanced and Yield for Sept 2023–Aug 2024. The Balanced savings strategy has delivered an average return of 7.01% the past twelve months and Yield has delivered 7.75% accordingly.
Although the Swedish Central Bank has lowered the key interest rate twice this year, we have so far offered a fixed interest rate of 6% for our SaveLend Fixed account with a term of 12 or 24 months. We would like to inform you that the interest rate will be adjusted to 5.50%.
But here’s the good news: If you open a SaveLend Fixed account with a start date of 2024-10-01 and deposit money by September 30 this year, you will still receive 6% annual return – regardless of whether you choose to save for 12 or 24 months!