November is upon us and before we can start playing our favorite Holiday songs, we first have to plan for the most anticipated meal of the year – Thanksgiving! Now if you are lucky enough to just be in charge of bringing the squash or your favorite pie this year, then you might not have to worry about a budget. On the other hand, if you are the host there is going to be a little bit more planning required. Here are 5 tips for how you can stick to a smaller budget this Thanksgiving.
1. Make a list
Everyone has their favorite part of the Thanksgiving meal, and the pressure is on to make sure everything is on the table and warm at dinner time. Before you head to the grocery store, it is helpful to write down all of the different sides and include each ingredient you will need to chef it up. Before you leave for the market, go through your cabinets and cross off anything you already have, you might be surprised about what spices you find in the back!
2. Keep an eye out for store promotions
Most grocery stores start giving out coupons in November on certain items that are always popular around this time. Make sure to keep track of the different coupons and use them when you can! If you know you are going to have to stock up on food making one big trip might be worth it – some stores even offer promotions if you spend a certain amount of money you get the turkey for free!
3. Don’t overdo it
Although we may be tempted to go all out for this year’s meal to make up for the past couple months of 2020, make sure you don’t over purchase. Remember how last year’s leftovers took up room in your fridge for a whole week? Try to buy only what you need, taking multiple trips might make it easier to purchase more so try and limit the number of times you head into the supermarket.
4. Make it a BYOD (Bring Your Own Dish) party
If you are still having extended family members or friends come over for dinner, encourage everyone to bring their favorite dish. Just because you are hosting doesn’t mean you need to take on all of the cooking yourself. This year might be a little different and it might be hard to dish some of the sides off to friends or family visiting. Try to ask around to who will be sitting at the dinner table this year, get everyone’s favorite dish and plan it out – now you only have to purchase these favorites and can save on some vegetables no one will even eat.
5. Use you cash back debit card
As you shop for this year’s Thanksgiving necessities, make sure you are benefiting from the rewards your cash back debit card offers. Receive up to 1.5% cash back on all your food this holiday, that includes the potatoes AND the cranberry sauce. Looking to buy some decorations for the dining room? Radius Bank also offers up to 1.5% cash back on all other purchases.1,2
1 The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Rewards Checking account holders if the account holder does any of the following; meet the requirements, is grandfathered in, or keeps an average balance of $2,500 or greater within the calendar month in their Rewards Checking Account, or receives total deposits of $2,500 or more in their Rewards Checking account via qualifying Direct Deposit within the month. Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. Radius Bank may require documentation to verify that credits are Qualifying Direct Deposits. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Radius Bank does not provide tax advice. Qualified Purchases include signature-based purchases made with a Radius Bank Debit Card tied to a Rewards Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Radius Bank at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Radius Bank Debit Card that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your Radius Bank Debit Card are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. Radius Bank reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. Radius Bank reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.
2 For a limited time, an additional 0.50% bonus on transactions made in certain merchant categories will apply. Transactions must be within the following dates to qualify for a bonus: April 1, 2020 to December 30, 2020. Only specified categories will receive a bonus. Categories receiving the bonus are: drug stores and pharmacies, medical services and health practitioners, misc. food stores, convenience stores, specialty markets, fast food restaurants, eating places and restaurants, grocery stores supermarkets, cable and other pay television (previously cable services), computer software stores, book stores, charitable and social service organizations. These categories are determined by the merchant, not by Radius bank. All additional requirements of the Debit Card Rewards program apply.