Smart Money Tip: Consider Giving Money More Regularly
By giving regularly, you practice discipline not just when it’s convenient. It also means you are probably paying closer attention to your finances. Giving to qualifying organizations also means you get a slight tax break. The charitable contribution deduction is taken on Schedule A on your tax return.
DO THIS TODAY: Make a list of all the organizations you’d like to support this year. Be sure to check charitynavigator.com to ensure you’re giving to an efficient organization. Come up with a monthly amount that you can give. Start small so you can maintain a habit of giving.