If you want to save paper, you should be composting, too. Put them together. Paper provides necessary carbon in a compost pile. You can layer it (fairly thick layers, like 6") with moist stuff like fresh grass clippings, kitchen food waste, and green weeds (nitrogen). Any time your compost stinks, it means you've got too high of a percentage of greens/nitrogen, and need to add more carbon, like shredded paper, straw, sawdust, etc.
Sue