Most Americans donate money to some charitable cause during the year. President and CEO of Spire Credit Union, Dan Stoltz, shares the best ways to keep track of your personal finances when donating.
K – keep a list: list where you’ve donated in the past and where you’d like to donate in the future.
I – Inclusive: make a goal to five to new organizations and include causes important to your loved ones.
N – non-monetary giving: use your time and talents to help give back.
D – document: keep track of donations and volunteer expenses to report when doing your taxes.