How to Utilize REI Dividend: A Guide
Oliver KahnHow to Utilize REI Dividend: A Guide
As an REI Co-op member, you know that one of the perks of your membership is receiving an annual dividend based on your purchases. This dividend can be a valuable asset if utilized correctly, and this guide will provide you with some tips on how to make the most of it.
Understand Your Dividend
Before you can start utilizing your dividend, you need to understand how it works. The dividend is based on your eligible purchases made throughout the year, and it is typically distributed in the form of an REI gift card or a check. The amount of your dividend is calculated as a percentage of your eligible purchases, and it can range anywhere from 10% to 20%.
Plan Your Purchases
One way to maximize your dividend is to plan your purchases strategically. Consider making larger purchases at the beginning of the year to ensure that you reach the higher dividend tiers. Additionally, take advantage of sales and promotions to stretch your dollars further. Keep in mind that only eligible purchases count towards your dividend, so make sure you are buying the right items.
Invest in Quality Gear
REI is known for its high-qualityoutdoor gear, and investing inquality gearcan pay off in the long run. Not only will it last longer, but it can also save you money by reducing the need for frequent replacements. Consider using your dividend to invest in a new piece of gear that you have had your eye on, or to upgrade an existing item.
Donate Your Dividend
If you are feeling generous, you can also choose todonateyour dividend to the REI Foundation. The foundation supports outdoor education and conservation initiatives, and your donation can help make a difference in preserving our natural spaces. Plus, donations to the foundation are tax-deductible.
Final Thoughts
Utilizing your REI dividend can be a great way to enhance your outdoor experiences, but it is important to do so wisely. Plan your purchases strategically, invest in quality gear, and consider donating to the REI Foundation. By following these tips, you can make the most of your dividend and continue to enjoy the great outdoors.
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