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9 Charities Worth Donating To

9 Charities Worth Donating To

Giving money to charity is a great thing to do, but to make sure your money is being used wisely, it’s important to investigate the charity to which you’re considering donating. The last thing you want to do is give your money to a sketchy “charity” that uses the majority of the donations it receives to pay its staff. You need to be sure that your money is actually going to help the people you want it to help.

To help you do this, we’ve compiled a list of fifteen charities worth donating to for you to consider when deciding who to give your hard-earned money to.

1. Pencils of Promise

Pencils of Promise is a for-purpose (as opposed to a non-profit) organization that builds schools, trains teachers, and funds scholarships. It started when founder Adam Braun asked a boy on the streets in India what he wanted most. His answer was “a pencil.” Adam went on to give out thousands of pens and pencils to children in over fifty countries over the next five years, before starting Pencils of Promise.

Pencil of Promise is different from most charities in that it mixes a humanitarian purpose with a smart business approach to ensure there’s a great ROI on every dollar spent. It funds its operations through financial support from private donors, events, and companies. This means that 100% of the money donated to Pencils of Promise goes directly towards helping the children in the countries the charity works in. The charity also stays behind once the schools it builds are finished, to ensure that everything keeps running smoothly. The charity works with local communities to come up with curriculum and programs.

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2. 777

777 is an endurance, adventure, and philanthropic initiative put on in partnership with Pencils of Promise by Joel Runyon and his company, Impossible Ventures. Joel is going to run 7 ultra marathons on 7 continents in order to raise the money and awareness to build 7 schools with Pencils of Promise, to provide opportunities to those for whom a basic education seems impossible.

Joel runs IMPOSSIBLE, where he pushes himself and encourages other people to push their limits and do something impossible. In 2013, Joel raised the money to build one school in Guatemala with Pencils of Promise. Seeing the impact his work did, Joel decided to step it up and push himself to do what, for him, seems impossible, in order to make education possible for children in countries like Guatemala. Joel is funding the mission himself, through travel hacking and other initiatives, and all the money donated goes directly to building the schools.

3. Cancer Research UK

Cancer Research UK funds scientists, doctors, and nurses who are researching and attempting to find cures for cancer. It also provides information on cancer to members of the public and its policy-development team advises Government and develops policy on issues relating to cancer.

Cancer Research UK is officially the UK’s most trusted charity, according to research conducted for the Charity Commission. A number of bodies work together to ensure that the charity makes the best use of the donations it receives and that the research it carries out is world-class. The charity receives no Government funding, and so relies on donations to help its scientists move closer to finding a cure. Money goes towards such thing as funding research centers and buying research equipment.

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See some of the ways your support helps. We receive no Government funding so our life-saving work is only possible thanks to people like you.

4. Charity: Water

Scott Harrison, the founder of Charity: Water was a hedonistic nightclub promoter when he went to South America and realized he was “the most selfish, sycophantic and miserable human being.” He began volunteering as a photographer for a Christian aid group that performed surgeries in poor countries and saw how much impact people like him could have on the lives of the people he met. Two years later, he decided to start a charity to provide clean water to people in poor countries. But with no money, Harrison had to rely on his talent for promotion to begin raising money.

Several years later, Charity: Water ensures that every cent donated goes straight into projects in the field. It also shows its donors exactly what their money has achieved and uses social media to raise awareness. The charity is applauded for its accountability and transparency. To date, it has funded over 13,000 water projects.

5. Médicins Sans Frontières

Médicins Sans Frontières is an international medical humanitarian organization that provides emergency aid to people who are in need because of natural disasters, armed conflict, and exclusion from healthcare for whatever reason. It helps people according to their needs, ignoring variables such as race, religion, gender, and political beliefs. The organization aims to be impartial and neutral and to instead focus on providing the help that is needed.

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90% of the organization’s funding comes from private sources rather than governments, which means the charity can remain neutral and independent. Over 80% of the charity’s funding goes towards resources for humanitarian support. Only 20% of donations are put into management, administration, and fundraising activities. The charity’s audited financial reports are publicly available.

6. All Hands Volunteers

All Hands Volunteers is a US-based non-profit organization that gives hands-on help to communities around the world, aiming for maximum impact and minimum beaurocracy. It aims to provide immediate and sustainable support to those who need it and to be the most effective charity out there. It has helped survivors following disasters in places such as Haiti and Japan.

The charity raises money through special events, adverts, grant proposals, direct mail, internet appeals, and other approaches. Over 80% of the money raised by the charity goes directly into providing relief and assistance to communities, and the charity has an extremely high transparency score.

7. Oxfam

Oxfam is an international confederation of 17 organizations that work together and with local communities in over 90 countries. The organization is committed to mobilizing the power of people against poverty, by finding practical and innovative ways to help people and communities lift themselves out of poverty. It responds to crises, campaigns to raise awareness of poverty, and helps people to thrive.

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Approximately 80% of the charity’s donations go directly towards helping people in poverty. The charity also has an extremely high transparency rating and is well-known across the world.

8. Rainforest Alliance

The Rainforest Alliance is a conservation organization that aims to protect the rainforest by making it financially appealing for businesses and communities to protect the rainforest. They help businesses improve their standards, so that their practices are sustainable and rainforest-friendly. Once businesses meet their standards, they can become certified, which makes them more appealing to customers. Rainforest Alliance has certified companies such as Scholastic, McDonald’s, and Kraft.

Over 90% of this charity’s donations go directly towards helping the rainforest. The majority of the remaining money goes into fundraising efforts rather than administration or management.

9. World Wildlife Fund

The World Wildlife Fund aims to protect endangered species and their habitats. They aim to have the biggest impact they can, by encouraging people to make choices that are sustainable and animal-friendly, for example by buying sustainable seafood.

The charity’s financial information is readily available on its website. It receives just over 50% of its funding from donations, and 20% from governments. Over 80% of the organization’s income goes towards program expenses. Of the money that isn’t, just over 10% goes towards fundraising.

Featured photo credit: IMPOSSIBLE & Pencils of Promise via 777.impossiblehq.com

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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