How Shopping and Banking Local Benefits You and Your Community

Posted in Credit, Saving

Since its Small Business Week, I wanted to review some of the benefits of shopping local and how it can save you money in the long run. I love to shop and bank local because it helps my community thrive. I receive a personalized experience, and on many occasions, the prices are much more budget friendly. Here are some of my favourite reasons why I love to shop and bank local.

Boost the local economy

When you shop locally, you are helping small business owners thrive in the community. This in turn will help the local economy by creating new jobs. Also, local businesses can employ local suppliers, whereas national chains often hold supplier contracts which are nationwide. Overall, the entire community thrives.

Quality Products

I’ve found products to be of a higher quality when I purchase them locally. If I’m purchasing fruit and vegetables, it’s fresh because it’s from the local market. If I’m buying a gift, there is a chance that it was made right in my local community using quality materials.

Unique Items and Gifts

Ever wonder where your friend found that unique gift? Typically, it something that can’t be found at a big box store. This is perfect place to start when you’re looking for a gift for someone who has everything. If you’re looking for a special and unique gift, check out your local community stores. You never know what treasure you will be able to find.

Better pricing

Sometimes you can find the best deals a local stores. Not only can you save at your local stores, but also at your local credit union. Credit Unions offer better rates and no fee chequing accounts. Before deciding where you want to bank, visit a local credit union first.

Community Involvement

I’ve been to several community festivals and events throughout the year and many local business will support it. When you support your local businesses, many will support your local community.

Let me know in the comments below or on Facebook/ Twitter – have you’ve ever shopped local? What is your favourite thing to buy locally? Thank you for visiting the Money On Trees blog!

-Nancy