Everyone knows that whoever donates does something good. Donation is like an anchor for those who are in need. But if you are short of money yourself, you can hardly be a donor. Or is it?
If you are not financially well, it is understandable that there could hardly be any donations. You may be struggling for financial survival yourself and just barely making ends meet with available funds. But honestly: a few USD will not save your situation. The people in need – yes.
If you say you are in need because maybe your own credit bureau is just so bad, then you should visit a cancer ward to get to know real needs. Poor creditworthiness can be improved with one’s own efforts, severe strokes of fate like incurable diseases – hardly any.
Deductibility of donations
Donations can be deducted from tax. It’s easy, you just have to be able to prove it. You can read all the steps here.
Donate without money
If you are totally opposed to donating money and still want to help, you can of course do without money. Good examples would be blood donation or stem cell donation. Volunteering is also a good thing. You donate your time and emotions to support others. You can do that in old people’s homes, but also in refugee homes. You do not only do something good for others, but also yourself – you just feel better and better after a good deed.
Conclusion: Even if your own financial situation sometimes does not look rosy and creditworthiness cries out for an improvement, you can deal with the topic of “donating”. A few USD are almost always left over, and even those can be deducted from tax afterwards. If you do not see it but still want to do something good, you can still donate without having to reach into your wallet. It ranges from donations in kind to donations of blood. What you get afterwards is a positive feeling. It is also conceivable that if you see that there are people who are much worse off, you look at your own, unfavorable financial situation from a different perspective.