Many people don’t realize that giving back, can increase their wealth and happiness. It’s never too late to make a meaningful impact in 2019 and beyond. We’ve compiled several easy-to-implement ways to maximize giving back to those in need.
BUDGETING – WHERE GIVING BEGINS
To give more to your favorite charity, you first must be able to free up funds within your budget – like skipping your daily coffee, or rounding purchases up to the nearest dollar and putting that extra cash in a giving fund.
MAKE GIVING AUTOMATIC
Try breaking down the gift into smaller payments. Some charities allow for a specified amount to be automatically deducted monthly. This way, your donations will feel less like an “extra” expense.
DONATE FUNDS YOU’RE NOT USING
If you have investments that have taken a favorable turn during the recent bull market, you can donate the appreciated stocks or mutual funds. Larger charities are readily able to accept these gifts.
GIVE BACK IN OTHER WAYS
Charities are always in need of volunteers to help achieve their mission. Many organizations are also looking for clothing or furniture to help people they serve. Beyond helping others, many of these types of donations are tax deductible.
If you’re looking for specific ways to increase your charitable giving, talk to a trusted financial advisor today.
Dee serves as the Executive Vice President of Franklin Synergy Wealth Management and Financial Executive with Raymond James Financial Services. 722 Columbia Ave., Franklin, TN 37064 | 615.236.8310
Wealth management and trust accounts are: Not FDIC insured; Not Deposits of the Bank; and May Lose Value. Any opinions are those of the author and not necessarily those of RJFS or Raymond James. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate profession. Any information is not complete summary or statement of all available data necessary for marking an investment decision and does not constitute a recommendation. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks including the possible loss of principal. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Franklin Synergy Bank and Franklin Synergy Wealth Management are not a registered broker/dealers and are independent of Raymond James Financial Services.