As we head towards turkey day, food insecurity is a growing concern for many. A new government report found that one in eight American households in 2022 were food insecure.
According to a recent survey conducted by TopCashback.com (TopCashback), the USA’s most generous cash back site, almost half (45%) of Americans do not feel financially prepared for the holidays
The survey polled a cross-section of 1,756 US-based adults, aged 18 and over.
Whether you’ve already prepared your holiday budget or starting your search for holiday savings, here are three tips to maximize your cost-cutting potential this Thanksgiving from TopCashback’s Team of Money-Saving Experts:
Review your budget regularly. Budgeting is key to making sure you have enough money to cover current expenses as well as future financial goals. By knowing how much you’re regularly spending compared to your current income and what your financial goals are, you can identify areas that you need to contribute more or less to. If you’re consistently going over your budget, it’s important to update it to reflect your current financial situation and cut costs wherever possible. And if you’re currently sticking to your budget, it’s still worth reviewing it regularly to make sure you’re not paying for anything you don’t need or use — and you can put that extra money directly towards your savings rather than spending it.
Use money-saving tools. With credit card debt a top concern for almost two-thirds of Americans, finding ways to cut costs before purchasing is essential. Stacking savings can give you extra room in your budget to start chipping away at that debt. In addition to any applicable coupons or discounts you might find, shop through a cash back site whenever possible, like TopCashback — which guarantees the highest percentage of your money back on qualifying purchases from over 7,000 retailers nationwide, including Walmart, Amazon and Target.
Pro-tip: There are money-saving tools you can download on your computer, such as TopCashback’s free Browser Extension, which automatically applies any relevant coupons and cash back offers directly to your order before online checkout. You can also look for savings on TopCashback Gift Cards, which offers cash back on digital gift cards at over 300 retailers, including Barnes & Noble, Sam’s Club and Grubhub.
Sign up for loyalty programs. When it comes to saving money on things like groceries, the store’s loyalty program is a great place to start. You can score exclusive coupons and discounts simply by entering your phone number at checkout or using your store card. Some of these programs even offer credit cards as a way to save. For example, Target offers the RedCard program, which automatically applies a 5% discount on eligible items at checkout.