5 Reasons To Spend at Your Local Small Businesses This Saturday

svetikd / iStock.com

Black Friday and Cyber Monday get most of the holiday shopping hype. But if you want your shopping to be more impactful and align with your values, consider spending on Saturday instead.

See: Costco, Walmart and 17 Other Stores That Will Be Closed on Thanksgiving
Check Out: Where to Splurge and Where to Save on Holiday Spending

Founded in 2010 by American Express, Small Business Saturday takes place the Saturday after Thanksgiving. The goal is to get people to spend their money with small businesses instead of major retailers, which has a number of benefits. Here are five reasons you should participate.

Support the Local Economy

Shopping small is one way to invest in your neighborhood. “Small businesses support local economies by creating jobs and paying local taxes, which keeps money in communities,” explained Tyler Martin, founder and certified business coach at ThinkTyler. In fact, for every dollar spent at a small business in the U.S., about 67 cents stays in the local community versus 45 cents when spending at a big box store, according to American Express. “By buying at independently owned companies, people may directly support their neighbors and contribute to the growth of their local economy,” Tyler added. 

Make Your Money Work for You

We’ve Got You Covered: GOBankingRates’ Smart Holiday Spending Guide

Receive Better Customer Service

If you’re sick of automated emails, long phone queues and unhelpful chat bots, you’re not the only one. Seventy-four percent of respondents in a Forbes survey said they would spend more money to get improved customer service. Fortunately, small businesses are known for providing just that. “Often, small businesses have a vested interest in making sure their customers are happy because they want them to purchase again,” said Julie Ramhold, a consumer analyst with DealNews.com. “Because of that, they may be more willing to work with you and make things right if something goes wrong with your order.”

Shopping Tips: Wrapping Paper, Greeting Cards and More Holiday Items to Only Buy at Dollar Stores

Find Unique, Quality Products

If you’re looking to impress the people on your gift list this year, you might want to shop at a small business over a mega-retailer. For one, small businesses are often responsible for crafting their own products, meaning they may hold things to a higher standard compared to if they were mass-produced overseas, according to Ramhold. Plus, small businesses often create unique products that stand out from all the other items you can find anywhere. Admittedly, you may end up paying more for these products, but as the saying goes, you get what you pay for.

Make Your Money Work for You

Important: The Ultimate Holiday Etiquette Gift Guide

Be More Green

Having whatever your heart desires shipped to your house within two days for free is certainly convenient, but that convenience comes at a cost to the environment. Mass production and fast shipping mean more vehicles on the roads, more packaging waste and more resources consumed. But small-scale Saturday shopping can be environmentally friendly, according to Tyler. “When locally owned enterprises source raw materials or produced items locally, the distance traveled by goods is reduced,” he said. So if you’re looking to go green, start by buying from local businesses.

Helpful: From Airfare to Gifts to Your Tree, How To Save on Every Aspect of Holiday Spending

Support Independent Creators

These days, lots of people are starting their own side hustles, especially since the pandemic caused millions to lose their full-time gigs overnight. “If you know an indie creator who’s trying to turn that hustle into a full-time job, supporting them is the best thing you can do,” Ramhold said. “Shop, post to social media, give their items to others — basically spread the word and buy what you can afford in order to help their business succeed.” 

Make Your Money Work for You

More From GOBankingRates

Share this article:

Make Your Money Work for You

About the Author

Casey Bond is seasoned editor and writer who has covered personal finance for more than a decade. Currently, she is a reporter for HuffPost covering money, home and living. Previously, she held editorial management roles at Student Loan Hero and GOBankingRates. Casey’s work has also appeared on Yahoo!, Business Insider, MSN, The Motley Fool, U.S. News & World Report, Forbes, TheStreet and more.
Learn More

Best Bank Accounts for September 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.