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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
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Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. This year Americans are giving more than just their thanks. According to a recent Bankrate.com survey, 96 percent of Americans say they made or will make a charitable donation by the end of 2017. The report coincides with Giving Tuesday, which is the Tuesday after Thanksgiving and is widely recognized as a day when individuals and businesses ramp up their holiday and end-of-the-year donations According to the survey, approximately one out of five givers say that their contributions will be larger this year than last year. “With everything going on in the world, it’s important to me to do what I can,” says Melissa Terrio, 44, an admissions director in Weston, Massachusetts. What gives
Our increased generosity can be at least partially attributed to a robust economy. Just over a third of those who say they gave more this year credit their charity to an increase in household income. This aligns with a recent which shows that median household income rose two years in a row. When you’re feeling flush, it can be less of a strain on your finances to give to others. One easy way to contribute to your favorite cause is to use the earnings from your favorite . You can donate a portion or all of your cash-back earnings. Lauren Cohen, 50, of Boca Raton, Florida, says that when her immigration concierge company is doing well, she finds it easier to donate more to her favorite causes. “My fluctuation in giving is tied to my fluctuation in business because I own my own company,” says Cohen. The unfortunate spate of natural disasters in 2017 also played a part in motivating would-be donors to give more, with 15 percent of those in the survey indicating that hurricanes and other catastrophic phenomena were responsible for their increased giving. Using the right could generate a surplus of airline miles, which can be used by some charities to support humanitarian efforts, such as flying people out of hurricane-ravaged areas or getting disaster relief into an area affected by an earthquake. You can also donate frequent-flyer miles to organizations like the Red Cross. Doing good can also do you some good at tax time. Donations made to an might lower your tax burden if you itemize deductions. Ways and means
Overall, the survey found that 40 percent of those who make charitable contributions choose to give financially, primarily via cash, check, or debit card payment. Companies who give generously to charitable causes may want to consider a business credit card that offers . The survey also found that just over one-third of Americans satisfy their desire to give by donating clothing, food, or other goods. “I donate clothes to Goodwill and canned goods and other nonperishables to food banks,” says Terrio. Terrio prefers to donate this way because she knows it will go directly to those who need it. Donating time was the third most popular method of charitable giving, with 19% of respondents who donate in some way choosing to carve out space in their schedules instead of their wallets. “I love volunteering,” says Adia Johnson, 32, of Brooklyn, New York. Johnson, who works full-time for a university, estimates that she spends about 20 hours or more month leading a local Girl Scout troop and managing a scholarship fund she helped create at her alma mater. “I wanted to do something and give back to my community in the same way it was giving to me.” Read more of Bankrate’s . This study was conducted for Bankrate.com via landline and cell phone by SSRS on its Omnibus survey platform. Interviews were conducted from November 8 – 12, 2017, among a sample of 1,010 respondents. The margin of error for total respondents is +/- 3.65% at the 95% confidence level. SSRS Omnibus is a national, weekly, dual-frame bilingual telephone survey. All SSRS Omnibus data are weighted to represent the target population. SHARE: Related Articles