Scrip Presentation - Father Andrew White School

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SCRIP
May 2015
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Spoiler Alert:
Mandatory
SCRIP
purchase to replace
Cash Game
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Back to the beginning:
What is SCRIP?
SCRIP
card.”
simply means “gift
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How do we make money?
FAW
sells gift cards at face value
That
we bought at a discount
Difference
is our profit
$100
-
$95
$5
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Most Profitable When .
..
We
use gift cards not just as gifts, but for
every day purchases.
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How much will I have
to buy?
Generate
For
$75 in PROFIT
most families, this will mean
between $1,500 and $2,000 in face value
cards
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WHAT????
Exactly
money?
HOW does this save me
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Replacing Cash Game
Mandatory Participation
$60
required participation in cash
game.
With
SCRIP, we use gift cards for
things we are already spending
money on.
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But, but, but . . .
What about my credit card points?
What if I shop on base?
What if I shop online?
How will this be tracked?
This sounds like too much work!
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Easy Way: Monthly gas and
groceries
Giant 4% rebate (McKays 5% rebate)
$50/week for 40 weeks:
Total:
$2000
x 4%
$80
OR
Shell 2.5% rebate
$50/month for 12 months:
$600
x 2.5%
$15.00
Groceries $125/month for 12 months $1500 x4% = $60
Total: $75
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Credit Card Points
Average rebate on credit cards – 1% to 3%
In order to earn $60 of benefits to pay for the cash game, you
need to spend between $2,000 and $6,000 on your credit
card.
That same amount spent on Scrip would likely result in $100
to $300 in profit for FAW.
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I don’t shop at most of those places
Look for high rebate retailers
Lands’ End and L.L. Bean 16%
Old Navy/Gap/Banana Republic 14%
Children’s Place 12%
Restaurants
Olive Garden, Panera, Cracker Barrel, Red Robin 9%
Outback, Texas Roadhouse, Ruby Tuesday 8%
Example:
Clothing, average 14%
$300/year
x14%
$42
Dining, average 8%
$450 ($45/month, or less than
one family meal out)
x8%
$36
Total: $78
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I don’t shop at those places (con’t)
Amazon 3%
Disney 2%
AMC 8%, Fandango 4%
Hotels – Choice hotels (Comfort Inn & Suites) 3%
Cruises – Carnival 8%
Airlines – Delta 4%
Kohls – 4% Famous Footwear 8%
American Express 1.25%
Look for bonus rebates on the SCRIP website
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How is this tracked?
First and third quarter SCRIP report will be sent home
Or you can look it up in your own SCRIP account
Example of family SCRIP account report
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Additional benefits
Can
be used for budgeting – when it’s
gone, it’s gone
Spending
money/gas money for teens
Souvenir money for kids
Or
. . . As an incentive to do something
Date
night
Family Event
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Still sound like too much
work?
Option
to pay $75
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How can I buy SCRIP cards?
Over the summer
E-mail faw.scrip@gmail.com
Scrip Office Hours – likely on Tuesdays and Wednesdays
After Mass
School year
SCRIP sale hours
Car rider line
On-line through shopwithscrip.com
SCRIP now, reload, or order on-line but send check in to school
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Questions?
Faw.scrip@gmail.com
Karen Farr at karenafarr@yahoo.com or 240-298-3520