You don’t have to be wealthy to support your favorite cause or organization. But if you have a tight budget, it may take some creative planning. Here are 5 things you can do right now to give back.
Build donations into your monthly budget
Plan for giving just like you would your cellphone bill or weekly grocery shopping. Even $10 a month helps. (Tip: Budget for more than you intend to give. That way if something comes up, you have the flexibility to make a one-time donation.)
Set up a savings account for donations and automatically transfer the money there each month.
Give your time—or skills
Many nonprofit organizations need volunteers to do a variety of projects. They also appreciate donations of skills. For example, nonprofits often need help with web design, marketing, legal advice, and accounting. Talk to your favorite organization about what specialized skills you have and if they may have a need.
Donate your bonus money
Whenever you receive money that isn’t part of your monthly budget—such as tax returns, a bonus at work, or credit card rewards—set it aside to give to your favorite charity.
Local hospitals are always in need of blood donations. Giving blood doesn’t cost you anything, and it doesn’t take very long. And you may just help save a life!
Ready to start giving back? Open a savings account to help kick start the process today.