The first way you will save money is in your taxes. This is no secret, everyone knows about tax benefits but they forget to calculate the significance of the savings. If you are in a tax bracket of around 25% you can save $25 for every $100 you give away. The savings can really add up if you have a whole bundle of clothes, an old dining room table, a working television, and an ugly microwave that you do not need any more. When you give these items to Goodwill or some other organization that takes donations, you can save hundreds on your taxes. Did someone just say, "God bless America?"
The second way you will save money is by de-cluttering your life. How does this save you money? Think about it. Have you ever found something that you forgot you owned while cleaning out a drawer or a closet? Have you ever paid full price or more than full price for something because you waited until the last minute instead of shopping around before hand? People who are disorganized and live cluttered lives are the kind of people who end up spending more money on things they thought they did not have or end up buying things last minute on impulse because they were not organized enough to plan ahead. When you live an organized and clutter-less life, you will reap the rewards.
It does not matter what you give or who you give it to, you will save money when you give away the things you do not need. There is nothing wrong with taking advantage of the tax benefits that the American government has made available to us. Milk it for all it's worth. Then, take the time to get your life organized and de-cluttered. You will not regret it. Sometimes in order to save, you have to start giving.
For other money saving and money management ideas check out http://www.financialsecrets101.com.
Article Source: http://EzineArticles.com/?expert=Griff_Hanning
comments
0 Responses to "When You Give, You Save"Post a Comment