Tag Archives: shop

Spend less this holiday season

According to the American Research Group, the average American spends $929 every holiday season on gifts and 56% of Americans in debt add to it during the holiday season.

At Two Rivers Bank & Trust, we understand you want to do everything you can for your loved ones without negative financial consequences. We’re here to tell you some ways to spend less this holiday season.

Kristin Fritz, Teller Supervisor at Two Rivers Bank & Trust, suggested one of our helpful products.santa pig

“Our TR Cash Back Checking account is a great way to help yourself during the holidays,” she said. “You basically get 10 cents back on most purchases, if you’re using our debit card.”

You can also use cash instead of credit cards.

“It’s easier to spend more if you use a card,” Fritz explained. “It’s just a swipe, right? But, you’ll incur extra fees from processing and interest. Using cash will make you more aware of your funds.”

Staying in the Christmas spirit all year round can help you save money, too! Our Christmas Club savings links to your checking account so you can have money put into it all year long and then at Christmastime we will transfer the funds so you have them ready and available.

Know the deals. Cyber Monday and Black Friday really are great ways to save. While it can be overwhelming to shop on these days, having a game plan and a list can make it easier – on you and your wallet.

Spend on something different. “In previous years, we’ve taken part in Warm Kids, Warm Hearts,” she explained. “Our customers and our employees brought in coats, hats, and gloves for children who needed them. It was so rewarding.”

If you need help setting your budget, come talk with us! “Everyone at Two Rivers is happy to spend time with our customers,” Fritz said. “We want to talk to you about what you need and how we can help make your holiday season a little more stress-free!”

Celebrate Small Business Saturday

November 27, 2010 was the first Small Business Saturday. According to the U.S. Small Business Administration (SBA), in 2015 $16.2 billion was spent in small businesses on Small Business Saturday and, according to the National Federation of Independent Business (NFIB), last year an estimated 112 million shoppers patronized local retailers and restaurants.

As a neighborhood bank, Two Rivers Bank & Trust works hard every day to help small businesses thrive and achieve their dreams.

Tammy Greene, Branch Manager in Ankeny, loves helping the small businesses in her neighborhood.small business

“At Two Rivers Bank & Trust, we have great accounts for small businesses,” Greene said. “Our checking accounts save them money on fees and our ability to offer small business lending is really advantageous. Pat Quinlan, one of our lenders, takes care of their needs and works with them one on one.”

We are an Iowa bank and decisions are made here by Two Rivers Bank & Trust.

“Because we are a community bank, we get to know the customer more personally than other financial institutions,” she explained. “Pat and I go out on business calls and find out how things are going for our customers and if there is anything else we can do to help them.”

We want to encourage you to take advantage of Small Business Saturday! This year, Small Business Saturday is on November 25. Support your neighbors, support our neighbors.

“Small businesses are important in our community because they give back to our neighborhoods,” Greene said. “A lot of them donate their time and money to local schools and charities. They’re so involved and do so much good. It’s the least we can do to help them out, too.”

Two Rivers Bank & Trust really is here to meet the needs of small businesses in our community. If you’re a small business owner, come talk with us! We want to get to know you.

How to Not Put Yourself into Holiday Debt

christmas_sweater

By the end of the day on Black Friday, shoppers spent $5.27 billion online, a 17 percent increase in spending from last year. Chances are, you still have a few more gifts to pick up between now and December 25, and with all of the available deals and steals, it’s sometimes hard to keep your credit card in your pocket. So how do you protect yourself from accruing debt while taking advantage of exciting holiday discounts?

Read our tips below to see how you can be a smart shopper during the holidays.

Make a cash budget.

After looking over your monthly income and expenses, determine an amount of money that you and your family are comfortable with spending on holiday purchases. While you shop, only carry this amount in cash. It’s much easier to keep track of spending when you can see, and feel, your money being spent!

Alicia Whalen, Teller Supervisor from Mt. Pleasant, says, “Don’t buy anything you don’t already have the cash for. Take out cash just for Christmas purchases and when all of that is gone, then you know you don’t have any more to spend.”

If you must use a credit card, set a limit that you are confident in your ability to pay off by your credit payment due date.

Shop online.

While running out to the store and buying everything with cash is an option for some, many of us just simply don’t have the time, or the energy. By making purchases online, you’ll save money on gas and you can shop around more efficiently to make sure you’re getting what you need at the lowest price possible.

“Go online and make sure you’re getting the best deals. Realize that there’s a good chance you could find what you’re looking for at a lower cost or on another site with free shipping. It definitely pays off in the end because you don’t want to be the one that spends $50 when you could have only spent $35,” said Whalen.

As you fill up your virtual shopping cart, know how much money you have coming in and going out by checking your account balances online, or on the Two Rivers Bank & Trust Mobile Money app in iTunes or Google Play. It’s also wise to use your debit card instead of your credit card to ensure that you always have enough money for your purchases.

Know what you’re going to buy.

Have a plan and go into a store knowing exactly what items you intend on purchasing and stick to it! Impulse buys will leave your wallet drained, and you’ll have excess stuff that you probably didn’t need in the first place.

Set aside money year-round.

Two Rivers Bank & Trust has a Christmas Club, which is essentially a savings account that allows you to add money on a monthly or weekly basis to set aside funds for the holidays. Then, at the end of October, your Christmas Club funds are transferred into your personal checking account so you can use that money over the next two months on gifts.

Whalen thinks the Two Rivers Bank & Trust Christmas Club is a great option for families that always feel tighter with their finances during the holidays. “It alleviates the stress of having the holidays approach and having that feeling of, ‘How am I going to pay for Christmas?’ and instead, you have the money and don’t have to worry about it.”

Be mindful of the bargains.

Remember that some retailers price their products higher in order to create the perception of a bargain. Be mindful of your purchases and determine whether or not the “bargain” is really a good value. In addition, be sure to assign a level of importance to all of your purchases since you are working with a specified amount of money.

Get rewarded with every purchase!

With TR Cash Back Checking, earn Cash Back rewards* just for using your debit card! There are no minimum balances or monthly fees. Best of all, you can use your online banking app to keep track of your spending as easily as you would with cash! Click here to open your account now!

*Earn $.10 for each POS (Point of Sale) debit card transaction in excess of $10. Qualifications: to receive cash back you must receive electronic statements.