While 54% of Americans report that they feel happy when they save money, more than a quarter (28%) report that they always or very often spend their savings, according to a new survey released today by Capital One Bank. The Capital One 2015 “Challenge Your Savings” report reveals that more than a third (36%) of Americans say their income is not high enough to allow for much savings and on top of that, when they do save, the top reason is to pay off debts.
Interac discovers seven out of 10 students say they would ask their parents to send funds via Interac e-Transfer if they needed it. Students favor exchanging money via Interac e-Transfers because it is instant (81%) and convenient (71%).
Chase Slate with Blueprint released survey findings on how back-to-school shoppers are managing their spending and borrowing, indicating shoppers are taking a more financially responsible approach. With this, 38% indicate they have a set budget for school-related expenses; in 2011, only 26 percent of people had created a budget for their back-to-school shopping. Clothing is the top category in regards to largest expense, as disclosed by 43% of back-to-school shoppers. This was followed by books or technology, according to 24% and 23% of respondents, respectively. To save money, 39% will purchase necessities such as books first and only buy discretionary items with remaining funds; 34% will make a list and stick to it; 26% will shop online; 17% will begin shopping after school starts; and 7% will leave kids at home when shopping.
To help Americans achieve their savings goals, Barclays Bank introduced a new, online, high-yield savings account and certificate of deposit (CD). U.S. consumers can now earn one of the highest interest rates in the nation by opening a new FDIC-insured online savings account or CD with Barclays at www.barclaysus.com/deposits. The high-yield online savings account from…
Canadians are playing the odds: 38% of Canadians don’t have any money set aside in case they lose their job, have to cover significant medical bills, out-of the-blue home repairs or other unexpected expenses. According the 2012 TD Canada Trust Report on Savings, 53% of Canadians admit they have been in a situation where they…
RetailMeNot.com online coupon site released its Shoppers Trend Report via a survey conducted by Ipsos (www.ipsos.com) that while 50% of consumers intend to spend $100 or less on their significant other this Valentine’s Day, another large percentage of consumers don’t intend to spend anything on their significant other this holiday. To those planning to buy, sites that sell candy are experiencing almost 3.5 times their typical traffic relative to overall site activity while sites that sell flowers are experiencing almost 3 times their normal traffic relative to overall site activity. However, RetailMeNot.com’s Valentine’s Day Survey, conducted by Ipsos (www.ipsos.com), found that men just don’t seem to be in tune with the wants and desires of their significant other this holiday. The survey shows 21% of women preferred gifts of jewelry, while only 16% of male respondents said they intended to purchase jewelry for Valentine’s Day.
RetailMeNot.com (www.retailmenot.com) online coupon site launched its new mobile-optimized site, http://m.retailmenot.com, using feedback from the RetailMeNot community, the new mobile site provides on-the-go savings to iOS and Android users by giving them access to hundreds of thousands of deals from retailers from around the globe. In addition to its extensive online coupon inventory, RetailMeNot intends to expand the platform to feature curated and exclusive in-store and mobile optimized deals from retailers wanting to reach the increasingly large population of mobile consumers.
Islami Bank Bangladesh Limited has opened the 100th own ATM booth and is serving the clients with 100 own and 180 shared ATM booths. The bank recently signed an agreement with BRAC Bank through which clients of IBBL will get transaction facilities through more than 500 Omnibus ATM booths, the company said.
Black Friday’s just around the corner, but a new survey by CouponMountain.com suggests many Americans would rather click and save than fight the crowds at the malls. CouponMountain.com’s Online Holiday Shopping Survey found 69% of online shoppers disliking the crowds, their number one complaint of Black Friday. To shop in peace (and their pajamas if they want to) more than 129 Million American adults plan to shop online for at least some of their holiday gifts this year. The survey also discovered that while women are more coupon savvy than men, the vast majority (78%) of online shoppers will at least use a coupon code if they come across one.
The national survey of 1,000 Americans uncovered who the savvy Web shoppers are, why they like to surf sites instead of scour stores and what they’ll be buying online this season.
ESCAPE FROM BLACK FRIDAY — GO ONLINE
Consumers are growing tired of the frenzy surrounding Black Friday, such as the mobs of sale-crazed crowds, long lines to check out and gallons of gas wasted circling for a parking spot. More than half of all women (59%) and all men (54%) plan to do at least some of their holiday shopping online this year.
– Top 5 Black Friday frustrations: crowds (selected by 69% of all online shoppers), long lines to purchase
(58%), early arrivals for best deals (50%), stores selling out (48%) and lack of parking (37%).
-Online shoppers selected their top 5 reasons to shop online instead: can shop any time (selected by 67%
of respondents), can shop anywhere (40%), easier price comparisons (44%), better discounts (40%) and
better availability (40%).
– Nearly 40 Million Americans (17% of all consumers) plan to do most or all their holiday shopping online.
That percentage increases for higher income households: 25% of online shoppers earning $75,000-
$100,000 plan to do most or all their holiday shopping online and 22% for those earning more than
A SEASON FOR SAVINGS
Consumers plan to spend about $700 each this holiday season, according to the National Retail Federation (NRF). To make every dollar go further, savvy online shoppers use coupon codes. One-third of all online shoppers actively seek out coupon codes when shopping online.
-Women seek more savings: 37% are inclined to look for coupon codes online compared to26% of men.
– Parents are much more likely to seek and use online coupons than adults without children (44% vs. 30%).
– The Top 5 Most Wanted Savings:
o 45% Home/garden online coupons for stores like Pottery Barn and Lowes.
o 45% Sporting goods promo codes from stores like Dick’s Sporting Goods.
o 43% Jewelry/watch discounts for online stores like Piperlime.
o 43% Toys/board games coupon codes available for stores like Target and Kohl’s.
o 40% Clothing/accessories discount codes for stores like Victoria’s Secret and Aeropostale.
SOMETHING FOR EVERYONE
The NRF estimates 2010 holiday sales will total $447.1 Billion. Online retailers will see a sizeable portion of that, particularly in the most popular web shopping categories. Almost two out of three (64%) of all online shoppers will buy entertainment gifts online this season, 55% clothing/accessories, 47% electronics, 43% toys/board games and 28% jewelry/watches. However, different consumer groups are making very different lists and checking them twice.
-Women tend to buy more clothes online than men (62% vs. 48%), while men purchase more electronics
(54% vs. 40%) and sporting goods (24% vs. 14%).
-Younger adults (aged 18-34) tend to buy more jewelry or watches online than web shoppers aged 35-54
(35% vs. 25%). The same is true for electronics (55% vs. 49%) and sporting goods (23% vs. 18%).
– Dads buy far more sporting goods online than moms (34% vs. 18%), while moms get more of the toys
(69% vs. 51%) and entertainment items (70% vs. 63%) like books, movies and video games.
CouponMountain.com is the most trusted source for online coupons, promotional codes and deals from major consumer brands. CouponMountain.com has helped consumers save money for almost a decade. Check the site often for the latest holiday deals at www.couponmountain.com, and follow us on Twitter — @CouponMountain — and Facebook.
About the Online Holiday Shopping Survey
the polling companyâ¢, inc., on behalf of CouponMountain.com, conducted a national, opt-in online omnibus survey of 1,000 adults (age 18+). Fielded November 5-8, 2010, the survey included questions on online holiday shopping and coupon usage. The first question determined planned online shopping interest, which then screened out shoppers that won’t go online. The remaining sample size was 660 adults for four subsequent questions. The demographics of this audience closely match the nationwide population of adults (age 18+) with respect to gender, age, and region.
CouponMountain.com is the most trusted source for online coupons, promotional codes, and deals in a wide variety of categories, such as clothing, home and garden, electronics, and more. CouponMountain.com has been a leader in saving consumers money since 2001 and features exclusive online coupons from top brands such as Victoria’s Secret, HP, Ann Taylor Loft, and FTD. CouponMountain.com also regularly offers coupons and deals from a number of top retailers such as Target, Pottery Barn, Kohl’s and more. Based in Monrovia, CA, CouponMountain is part of ValueClick Brands, a wholly owned subsidiary of ValueClick (NASDAQ: VCLK).
Americans plan to spend $76 billion on summer vacations in 2010, with nearly 6 million more American households disclosing said plans for a nearly $7 billion projected increase in spending over last year. Additionally, 40% are confident theyâll take a vacation in the next three months, up from 35% who took a summer vacation in 2009, while 49% typically take a summer vacation. This, according to a survey released by Mondial Assistance USA global travel assistance company, also showed the average expected vacation spending reported by respondents is $1,653 per household, slightly less than the $1,730 reported in 2009. Additional findings show 42% who plan to take a summer vacation do so to relieve stress; 26 cite special occasions, such as a wedding; 46% of men are confident theyâll take a summer vacation this year, compared to only 34% of women; 43% overall say their plans include going to the ocean or beach, 20% will be drawn to the mountains, and 15% will head to an international location.
A recent RBC poll shows 33% of Canadian cardholders prefer cash back over any other type of incentive, including merchandise (27%) and travel rewards (23%). RBC’s payment survey found that 58% of Canadians hold a credit card with some type of reward program with 88% who say they pay for travel using their card and 53% use it to pay for retail purchases. Fifty per cent indicate they use their credit card for dining, entertainment or gas purchases, while 34% use it to pay for drug store purchases. The survey also found Canadian families spend on average $628 at the grocery store each month and 53% of shoppers use their debit card at the cash register, with the others split between using cash (21%) and credit cards (26%) to pay for groceries.
The “RBC Cash Back card” offers 1% cash back on all purchases and 5% cash back on grocery store purchases until December 31, 2010 The RBC Cash Back card tracks rewards on the cardholder’s monthly credit card statement and pays out the cash back in January each year. A cardholder who spends about $500 a month on groceries, and $500 on other monthly purchases using their RBC Cash Back card for the remainder of this year would earn over $200 by next January.
Layaway is re-emerging
in popularity with more than 73% of consumers stating that they
believe using layaway more often is a smart financial solution that can
help them better manage their spending. The current economic climate has stimulated consumer interest in
layaway, but today’s shoppers have realized layaway is more than a
recession-inspired tool, with 55.5% of consumers surveyed confirmed
they are interested in learning more about layaway as a year-round
financial planning tool. Consumers are looking for
smarter tools in money-management with 82.2% agreeing
that they would rather forgo the instant gratification of financing
their purchases in favor of using layaway. Retailer Kmart reported that its layaway program has experienced
double-digit growth since 2008 and the layaway program at Kmart
and at its sister company Sears has resulted in more than three million
new customer relationships in 2008 and 2009.