Giving, this is a bit different because it focuses on letting go your money (not on using your money for your own benefit). Giving is a big part of personal finance.

Plan out what you give

A great personal finance tip to remember is to plan your donations. Instead of randomly giving here and there when the opportunity presents itself, plan your giving in advance. This gives you more control and helps you give to causes you believe in the most.

Make financial giving a priority

Financial donating is a way to be generous unlike any other because it requires you to give up your hard earned, precious rands. When you prioritize giving, you come from a place of generosity. It will change your life if you consistently donate money.

Use charitable gifting to lower your taxes

Donating your money can be a way to lower your taxes, too. Whether it’s from donating actual rands to a charity, clothes to Goodwill, or appreciated assets from a charitable gift fund, there are plenty of ways to make donating a way to lower your taxes.

Food for thought!

 

Until next time.

The MoneyShop Team

 

This article has been prepared for information purposes only and it does not constitute legal, financial, or medical advice. The publication, journalist, and companies or individuals providing commentary cannot be held liable in any way. Readers are advised to seek legal, financial, or medical advice where appropriate.