One Simple Way to Save Money on Purchases - Money Tip Tuesday

There are so many tips and tricks out there to save money and maximize purchase power. When inflation is on the rise and we feel like we’re spending more for less, it’s best to explore new ways to save ourselves some money on items we’re planning to purchase already. Luckily, there’s one thing everyone should do to save on purchases. 

Links:

• Learn more about how to get started with Purchase Rewards
• Check out TCU University for more financial education tips and resources!
• Follow us on Facebook, Instagram and Twitter!
• Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.  

These days more and more people may be cutting back on extra purchases to save money.  

If you’re one of them, you’re likely trying to find ways to stretch your dollar.  

You may have cut back on frivolous purchases, started making more meals at home, traveling less and shopping the sales or clearance aisles. 

But if you’re still feeling the pinch, there’s a money saving method you may have not considered using.  

I’m talking about Purchase Reward programs. Purchase rewards programs help you maximize your purchase power by saving you money on anything you buy. 

Who wouldn’t want to get a portion of their money back on their purchase? It’s almost like buying stuff on sale.  

It doesn’t matter who you are, what you do, or how much money you make; everyone should be using purchase rewards programs. 

You may already be thinking, but I’m already getting cash back and with my credit card. That’s a great way to earn on purchases, but most credit card programs just bank points for you to use down the line, while others allow you to use points for cash back or statement credits, but that’s after you’ve purchased your item and redeeming points is dependent on you.  

Purchase rewards programs are a little bit different.  

These give you cash back automatically on your purchase. Instead of earning points that get banked for later use, which can be forgotten, rewards programs automatically return a portion of your purchase price back to you.  

If you’re interested in this easy and automatic money-saving opportunity, don’t look to your credit card or a special promo program, look to your debit card. 

Some financial institutions offer Purchase Rewards through your debit card so you can earn money back on purchases made from certain online merchants.  

For example, Triangle’s debit card offers a purchase rewards program that provides all kinds of discounts with some going up to 10% back on purchases from certain vendors.  

This is phenomenal benefit for anyone working a budget because not only do you save money, the other benefit is that you’re using your debit card, so you’re not racking up a credit card balance that could charge you expensive interest.  

If you have a Triangle debit card, it’s easy to set up right through your online or mobile banking,  

Just log in, register and within minutes you can explore and activate rewards from vendors within the program.  

There are hundreds of offers with vendors spanning categories from clothing, automotive, wine, hotels, food, electronics, restaurants and more.  

Once you activate the offer, use your debit card with that vendor and get cash back to save yourself some moolah. 

Now's the perfect time; the holidays are ramping up so check out purchase rewards and have fun exploring vendors for your holiday gift planning or maybe even a little something special for yourself. 

If there are any other tips or topics, you’d like us to cover, let us know at tcupodcast@trianglecu.org.  Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.  

Thanks for listening to today’s Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast.  

Have a great day!