6 Holiday Shopping Hacks

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As the holiday season creeps up on us, the pressure to get ahead on your shopping starts to get more and more intense. The list that you have been adding to for the past couple of months is getting long, and you are now faced with the daunting task of purchasing the items. Starting to worry about how much this year’s gifts will cost you? We listed out 6 helpful hacks to save you money while holiday shopping this season.

1. Take advantage of a cash back debit card.
Since there is no doubt that you will have to swipe your card a number of times this season, the first step is making sure you are getting cash back on every purchase. The Radius Bank Rewards Checking account offers account holders with a cash back debit card which offers 1% cash back on every purchase.1 Now even when you’re buying a present for someone else, your bank account is receiving a gift of its own. Learn more about all the perks of a Radius Rewards Checking account.

2. Use coupons.
Use coupons Before you click the purchase button or check out your items, always make sure there are no available coupons that you aren’t using. Gone are the days of searching frantically for coupons in your junk drawer. When you’re online shopping, make sure to use a plugin like Rakuten or Honey, a program that automatically applies coupons or cash back to the items you are about to purchase.   

woman online shopping on the computer

3. Shop online.
Shopping online helps cut mall traffic, long store lines and over priced items out of your holiday shopping experience. Instead, browsing through stores on your laptop during your lunch break or before you go to bed can be a lot more convenient. Also, it is easier to compare prices and find the cheapest options online rather than traveling to different stores.

4. Sometimes less is more.
Stressing over getting the perfect gift for someone can sometimes lead you to purchasing the most expensive option. Try to stay away from that urge and get creative with your gifts. Printing out a picture and decorating a frame is a more thoughtful option than just grabbing a gift card from your favorite restaurant. Check out Pinterest for homemade holiday gift ideas.

5. Set a budget.
Knowing how much you can spend for each person you are shopping for can help stop you from going over your budget. Deciding how much you are willing to spend is the first part, sticking to your plan will probably be the hardest part. Try not to get tempted with unnecessary small items you want to add to your gift, having a plan on what you are going to buy before you start purchasing helps avoid that. Here are some more holiday budget tips.

6. Timing is everything.
Whether you’re looking to buy a play set for your daughter or a watch for your husband, shopping at the right time can save you all sorts of money. Many online retailers launch their sales on Tuesdays, making it the best day of the week to shop online. Better yet to get ahead of daily sales, shopping online after 6:00pm can often lead you to the next day sales that have already been activated.

The holiday season might get expensive, but these 6 tips can help lower the costs. As always, it’s important to stay safe while browsing the internet. Make sure to read our blog post on safe online shopping before you begin your shopping process.

1 Rewards Checking is a free checking account with no monthly maintenance fee and no minimum balance requirement after $100.00 to open the account and is FDIC-insured up to the maximum allowed. 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. To qualify for being grandfathered in, the account holder must have opened a Rewards Checking account before 9/4/2019. If all qualifying accounts are closed, the client will forfeit their eligibility to be grandfathered in. If grandfathered in, account holders may qualify for the Debit Card Rewards Program if they keep an average balance of $1,000 or greater within the month in their Rewards Checking Account, receive funds in their Radius account via qualifying Direct Deposit, or have an average combined balance of all Rewards Checking, Radius Hybrid Checking, and Radius High-Yield Savings accounts of $5,000 or more within the month. 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.