Steve Maleh

3 years ago · 1 min. reading time · ~10 ·

Blogging
>
Steve blog
>
How to Budget for Regular Charitable Donations

How to Budget for Regular Charitable Donations

CHARITABLE D ATIONS

Making regular donations to a worthy cause is high on many people’s list of important goals. Donations benefit the community, but research also shows that people feel happier when they donate. Sometimes it is challenging to find those extra dollars to use for charitable donations. Several strategies are available to make sure donation dollars are found.


Plan for Donations

Once a decision is made to prioritize charitable donations, planning will make saving for charitable donations an attainable goal. Instead of setting a particular dollar amount, determining a percentage of the monthly budget to donate may be more realistic. A percentage figure ensures giving still happens even during the lean months.

Additional planning options include opening a savings account specifically for donations and establishing automated transfers to that account. An automated process takes the monthly decision making out of the picture.


Alternative Ways to Make Donations

Several organizations make charitable contributions when consumers purchase their products. Companies using this method include Warby Parker, Uncommon Good, TOMS Shoes, Chewy, and Gymboree.

Regular exercise is part of many people’s days, and apps, like Charity Miles and WoofTrax Walk for a Dog, make charitable donations for every mile covered. Alternatively, friends and family can sponsor participation in an athletic event.

Several apps help consumers round up purchases and use the extra money for charity. GiveTide and RoundUp are examples of these apps.

Many consumers take extra coins to the supermarket and use Coinstar’s counting machines. Coinstar offers a Coins that Count charity option as one way to use these coins. Trips to the supermarket could also provide another way to support a charity, since extra food or household items can be donated to food banks.


Get the Most for Your Money

Employers want to show social responsibility and support local communities. Several employers match employee donations, and this is an excellent way to double your gift. Individuals can check with their company’s Human Resource Department to see if their employer matches charitable donations.

Budgeting for regular charitable donations is possible. However, sometimes those extra dollars are just not available. When that happens there are alternate ways to support charities including volunteering time, offering expertise, and asking others to give. Any of these methods will continue to support a worthy charity.


Comments

Court Koenning

3 years ago #2

This is solid advice.

Jim Mowrer

3 years ago #1

Great advice! Contributing to charity is a great way to help your community.

Articles from Steve Maleh

View blog
3 years ago · 1 min. reading time

Creating a business plan is the first and most crucial step in establishing a successful venture. Th ...

3 years ago · 2 min. reading time

When you look at some of the most successful entrepreneurs around the world you’ll tend to see that ...

3 years ago · 4 min. reading time

How do you quantify the business risk better and make smarter decisions? · One of the most importan ...

Related professionals

You may be interested in these jobs

  • C.R. England

    CDL-A Truck Driver

    Found in: Jooble US C2 - 2 days ago


    C.R. England Fort Payne, AL, United States

    C.R. England is Now Hiring Experienced CDL-A Drivers in Cartersville, GA · Home Weekly - Drivers Earn $65,000-$73,000 Yearly* · Valid CDL-A and 3+ months of current experience required. · This lane is not suitable for students, grads, or trainees. · THIS DEDICATED ROUTE OFFERS: ...

  • Labcorp

    Part time-Service Representative/Courier

    Found in: beBee S2 US - 1 week ago


    Labcorp Albany, United States Part time

    Service Reps/Courier · At Labcorp we have a passion in helping people live happy and healthy lives. Every day we provide vital information that helps our clients and patients understand their health. If you are passionate about helping people and have a drive for service, then La ...

  • Uncommon Schools Careers

    College Counselor

    Found in: Click to Hired US C2 - 1 day ago


    Uncommon Schools Careers Port Gibson, United States Permanent, Full time

    Company Description · Uncommon Schools is a nonprofit network of high-performing, public charter schools providing an outstanding K-12 education in historically under-resourced communities. We have proudly built schools that reflect our student population, with more than 60% of o ...