Charitable Giving on a Tight Budget

empty wallet‘Tis the season to give to those in need — but what can you do when your bank account barely has enough to cover your own bills?

Fortunately for the indebted and underemployed, charitable giving doesn’t have to mean handing over your greenbacks. There are plenty of ways to donate, even on an almost empty wallet.

Space Out Your Donations

Charitable givers who’d like to financially support important causes can make their budget burden easier simply by spacing out their contributions.

“Many charities offer methods of breaking one donation or pledge into smaller payments throughout the year,” says Luke Landes, founder of Consumerism Commentary. “Rather than making your donation once a year, you can spread it out over the course of the coming 12 months.”

Read the rest on DailyFinance!

[Imagine taken from Flickr]

Posted in DailyFinance
10 comments on “Charitable Giving on a Tight Budget
  1. Elroy says:

    I’ve also found that giving of my time is more demanding, more rewarding and typically more appreciated. In fact, I think giving money is the “easy” way out.
    Elroy recently posted…Weight Loss and Blog Roundup #2My Profile

    • Broke Millennial says:

      Thanks, Elroy. I agree that giving time is a great tactic and on of the great ideas mentioned in the continued version on DailyFinance. Merry Christmas!

  2. Donating unused items and my time I feel is a much better way to give charity. Happy holidays.
    Charles@gettingarichlife recently posted…Get Rich With Real Estate: Strategic Ways To Finance PropertiesMy Profile

  3. We do something similar. We just set aside a pre-defined percent of our income to automatically transfer to a side account each month. Then we do all our donations from that account. Really makes it easier to keep track of how much we can afford to give.
    Collin @ Window in the Ivory Tower recently posted…Anatomy of a Scientific Research Paper (Part 2): The Dreaded IntroductionMy Profile

  4. One thing I would recommend to EVERYONE no matter how little they have to donate is to have donations to your favorite charity or charities taken out of your bank account on a regular basis. My work offers a plan where they take it out of each paycheck. It ends up seeming like I’m not giving much on any given paycheck, but over the course of a year (or years) I think it really helps out charities and I’m sure if I was managing a nonprofit’s finances I would absolutely appreciate people doing that.
    DC @ Young Adult Money recently posted…How to Stay Safe When Buying and Selling on CraigslistMy Profile

    • Broke Millennial says:

      I’m not sure my company offers a similar deal, but I do appreciate that they often match charitable donations when a disaster occurs (like the typhoon in the Philippines).

      The spaced out donations are really a great idea.

      Merry Christmas!

  5. Great post. I prefer to volunteer my time rather than give a monetary donation, but that’s just me. I usually volunteer at events such as the Walk for Breast Cancer or a charity race for The Children’s Hospital because I like seeing the magic happen, when we donate money we don’t really know where it goes and honestly I can’t really afford to donate as much money as I would like to, even though they say every little bit helps.
    Tahnya Kristina recently posted…Microblogger: Follow My Lead, Do What You LoveMy Profile

  6. Nice. Now I can finally donate to my favorite charity.
    Frederick A Hothan recently posted…cb giveawaysMy Profile

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