Week 19 – Be a Giver
While giving money away is not exactly a money saving technique, I believe it is important to give back. It is always nice as human beings to help those that are less fortunate. This year, I added this to my budget and tried to donate at least $25 a month to a charity. If you cannot find money in your budget, there are other ways to give.
1) Donate your time. There are many organizations within your community that need help – contact one and offer your services.
2) Donate blood, Organize a Blood Drive at your local church or work
3) Donate unwanted items to a charity
Since donations are tax deductable, you will see some of this money return when you calculate your annual taxes. For every $100 you donate, $25 be reimbursed in the form of a tax rebate. In addition, any time used towards a charity can also be deducted in the form of mileage and expenses (i.e. gas) used to donate this time.
Many companies offer matching gift programs that will double even triple a donation’s value. Check with your company or visit this American Red Cross website to see if your employer will match your contribution.
Our annual tax rebate for donations is approximately $50.
All data found on this website is Copyrighted by MOMTHATSAVES. Unauthorized reproduction is prohibited.
While giving money away is not exactly a money saving technique, I believe it is important to give back. It is always nice as human beings to help those that are less fortunate. This year, I added this to my budget and tried to donate at least $25 a month to a charity. If you cannot find money in your budget, there are other ways to give.
1) Donate your time. There are many organizations within your community that need help – contact one and offer your services.
2) Donate blood, Organize a Blood Drive at your local church or work
3) Donate unwanted items to a charity
Since donations are tax deductable, you will see some of this money return when you calculate your annual taxes. For every $100 you donate, $25 be reimbursed in the form of a tax rebate. In addition, any time used towards a charity can also be deducted in the form of mileage and expenses (i.e. gas) used to donate this time.
Many companies offer matching gift programs that will double even triple a donation’s value. Check with your company or visit this American Red Cross website to see if your employer will match your contribution.
Our annual tax rebate for donations is approximately $50.
All data found on this website is Copyrighted by MOMTHATSAVES. Unauthorized reproduction is prohibited.