The Employer Match: How Charitable Giving is Like Your 401k

The Employer Match: How Charitable Giving is Like Your 401k

Giving
A common piece of personal finance advice is to “take free money. Even if you can’t do anything else, contribute to your 401k enough to get a company match.” Many employers will match up to a certain percentage of your salary (usually 3-5%) as an additional contribution to your 401k. For example, let's say you are earning $50,000/year and the match is 5%. When you contribute (tax-deductible) to your 401k of $2,500, your company will also put in $2,500.   If you don’t contribute, you are missing out on free money. Surprisingly, the same holds true for donations to charity. A less common piece of financial advice, but more important than ever during years like 2020, is this: find out if your employer will match your charitable donations so you can…
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5 Unexpected Benefits of Giving Away Stuff

5 Unexpected Benefits of Giving Away Stuff

Giving, Take Action
During Giving November, we aren’t just focused on giving away money. The month is also about giving away our time, our skills, and our stuff.  Whether it’s gently used or toys, clothes, books, or even furniture, here are five unexpected benefits of donating things to charity.  1. You Will Feel Lighter Before we were all glued to Marie Kondo’s Netflix Special, “Tidying Up," Gretchen Rubin was writing about the benefits of having an empty shelf.   When you give away your things, you feel lighter and less weighed down.  2. You Gain a Sense of Control Similar to the weight that is metaphorically lifted when you give away your things, decluttering provides a sense of control. Even doing just one small thing on your checklist will empower you to take…
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