Financial Literacy for Everyone

5 Ways to be Charitable on a Budget

5 Ways to be Charitable on a Budget

Whether you are short on money or time, there are still opportunities for you to give back to those in need. Consider involving friends and family with your charitable giving and volunteering throughout the year.

Whichever means of giving back you choose, remember to document your charitable giving for tax purposes.

1. Short on money and time? Donate items

Charities accept a wide variety of donations ranging from clothes and toys to food. Clean out your closet or have your kids choose new or gently used toys to donate to a local charity. Seasonal toy and food drives are also convenient ways to give back to your community. Widespread locations that might be interested in your donations include Goodwill, The Salvation Army, Habitat for Humanity and Recycling for Charities.

2. Involve the kids

Giving to charity can be fun. Involve the whole family by setting up a lemonade stand or bake sale to raise money for a charity of your choice. Getting kids excited about giving back and supporting philanthropic causes will carry over into adulthood.

3. Give your time

Charitable giving does not always have to be a monetary donation. Many local organizations depend on volunteers to operate during the holidays and support programs year round. Charity Navigator can help find the charities that youíre passionate about, whether itís a community soup kitchen or a childrenís shelter.

4. Be a virtual volunteer

If youíre crunched for time, virtual volunteering may be a good solution. Online opportunities are abundant and easy to find, allowing you to be charitable from your own home on your own schedule. You can search for virtual opportunities on Volunteer Match.

5. Give back by staying active

Participating in a philanthropic walk or run is beneficial for you and your chosen charity. If you donít have enough time to take on a charity run, check out Charity Miles, an iOS and Android app that helps you earn up to 25 cents per mile for your charity of choice.

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