It seems almost surreal that, after over a year and a half of restricted movement and shutdowns, uncertainty, and unease, we now have the start of the COVID-19 vaccine research and development process and rollout. We are beginning to see a tiny light at the end of the tunnel. What does this mean for you and your bank account? Does a year of shut-downs mean everyone has a load of money piled up that they were not able to spend? In some cases yes, but in many cases not exactly. With layoffs, business closures, and reduced operations in many industries, some folks struggled just to stay afloat themselves.

As summer, and the COVID-19 vaccine program rolls on, more and more of our favourite businesses are opening again. We are collectively being asked to ‘support local’, and visit those local businesses that were worst affected by the pandemic and lockdowns. 

While the intention is good, this does not mean you should visit every Mom & Pop shop in town or buy something from every food truck – but you can definitely make a conscious decision to avoid large chain stores and that online store named after a river in South America when you do spend your hard earned money.

Here are our top 5 recommendations on great ways to consciously shop local, without emptying your savings account:

  • Seek out the farmer’s markets – you’ll likely find veggie farmers, butchers, and dairy farmers are there all in one spot! It’s also a great way to spend time outside, get to know your community, and try new things. As a bonus, this lets you help your local farmers as well as the environment.
  • Take a quick inventory of the things you spend on regularly – this is not only groceries, make sure you include household cleaning products, cosmetics, toiletries, pet food, and seek out stores that stock locally made products, preferably within your neighbourhood.

If you’re still not sure about going out and running errands in person check out, or – Canadian companies that offer shipping on a number of natural products that are both great for you and the environment.

  • Support your friends and family – this may seem like a ‘no brainer’ but often people forget to look in their own circle for ways to support! Avoid asking for discounts, and treat your friends and family as you would any other establishment. Don’t forget to leave a review to help them gain followers and customers.
  • If money is tight, think smart – your support can come in a number of different ways, including word-of-mouth promotion, leaving a great review, or even posting photos to social media, and tagging your local businesses. 
  • Consider the ‘stay-cation’ – If you’re looking for an escape, why not try staying local? Coming out of travel restrictions, things can be unpredictable and vary from country to country. Wait for things to settle, and let the local tourism industry wow you! Check out our blog on budget-friendly staycations for ideas.

With summer in full swing, it can be easy to overspend on little things. Support local an dhelp our small businesses bounce back, but don’t forget about your budget in the process. 

Questions about your finances? Set up a free consultation call with Steven today.