seasidemagazine.ca
Common Cents – How to Stretch Your Charitable Donation Dollars the Furthest -
By Travis Koivula, Island Savings Insurance Services – It’s not very often that giving money away plays into your investment plan, but one important exception is charitable giving. There is a large need to support local charities, but it can be difficult to know how to leverage your hard-earned dollars to best help the charity while keeping your own financial plan in mind. Here are some strategies. Sweat the Small Stuff. Keep your receipts no matter the size of the donation. $10 here, $20 there can really add up when tax-time rolls around. Many charities will have a minimum donation …