Charitable giving ranked at #8 on MSN Money’s 9 Financial Resolutions For 2009.
“It’s easy to forget those less fortunate when you’re feeling less fortunate yourself. Don’t, says Bernhardt, of Bernhardt Wealth Management. Not only do charitable donations help you save on your taxes, but helping others can have a positive impact on your psyche and, if enough people donate to domestic causes, the economy.
‘It is important in times like this to have a grateful heart and a thankful heart for what we have because there are a lot more people worse off than we are,’ Bernhardt says. ‘These charities all need volunteers, so it doesn’t have to be money. But if we can make that financial contribution, ultimately, we should.'”
– MSN Money
As I’ve mentioned before, I do make charitable contributions throughout the year, but I don’t worry about deducting them from my taxes. At the moment, I have $20/month contributions going to both V-Day and Greenpeace, with plans to add a steady, monthly contribution to Planned Parenthood in 2009.
How about you? Do you donate to any charities with time and/or money? Is this something you factor into your budget or do you simply contribute lump sums when you have some extra cash?