Being Charitable is For Everyone: Ways Your Family Can Give Back This Holiday Season, Even on a Budget!

Nothing brings out the spirit of giving like the holidays, but not everyone has the ability to stretch a dime to give to family, friends and strangers.  But, with a few financial adjustments, everyone can free up enough money to give a bit during the holidays—even if they decide to give time or items instead of money.  The team at Broussard Poché, LLP wants to help you be as charitable as possible this season.  Take a look at these tips.

  • Make a Budget:  Before you start writing checks to everyone who may need it, consider creating a charity budget.  This way you’re making sure you have the money to spare.  Set aside a little just for giving as you are setting aside your shopping money.
  • Check into a DAF:  Donor-advised funds established through reputable financial companies perform due diligence on the charities their funds can gift to and all of your detailed records are kept, making it much easier come tax season.  Speak to your financial planner about setting up a DAF.
  • Donate Items: If you can’t donate money, most charities and nonprofits are in need of actual items, like clothes, furniture, food, and toys.  Clean your closets, look for things in good condition that can be reused.
    • Keep an eye out for coats drives that accept gently used coats or visit a second-hand store that caters to those in need and ask what clothing items they are lacking.
    • From a tax point of view, vehicle donations are gaining popularity.  They are a good way for taxpayers to get a deduction in exchange for a donated car, boat, motorcycle, truck or other vehicle that a charity may need.
  • Donate Time: Maybe you don’t have the cash on hand or items you can part with; what about your time?  Consider volunteering; many of these organizations need extra help during the holidays.  Make it a family affair and get your children involved.  It’s a wonderful way to show them that giving to charity doesn’t always mean giving money.

You don’t have to be rich to make a difference.  There are lots of ways to make a difference in someone’s life without being wealthy this Christmas Season!  Happy giving!