Money Saving Tips: Selfless Ways to Pay it Forward

pay it fowardAmericans are consistently ranked as some of the most giving and helpful people on the planet. Interestingly wealthy Americans give less as a percentage of income than do middle income Americans.  American households with incomes between $50,000-$75,000 give on average 7.6 of discretionary income while those with incomes of $100,000 or more contribute somewhat less at 4.2%. While the economic downturn of 2007/2008 has hurt overall charitable giving, Americans gave $2.98 Billion in 2011, up 3.9% from 2010.

Many Americans reduced charitable giving during the economic downturn in an effort to save money. While many charitable organizations depend upon monetary donations, many rely on the skills and labor of volunteers.  There are countless ways to help those in need, here are a few:

  • Downsize and donate some of your belongings to your favorite charitable cause.
  • Help Paint or cleanup a neglected home in your neighborhood.
  • Donate your old cell phone to your local crisis center.
  • Volunteer at your local food bank.
  • Volunteer at your local school.
  • Help maintain a trail at your local park


Readers: How do you pay it forward?

 More Money Saving Tips and Mentions

Robert Brokamp – Get Rich Slowly asks Will You Have What You Need WHen You Need It?

Kentin Waits – Wisebread shares How to Negotiate WIth Confidence and Strike the Best Deal

Sabado Domingo – LenPenzo tells How to Experience New York City on a Budget

Readers: What ways do you Pay it Forward?

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9 Responses to Money Saving Tips: Selfless Ways to Pay it Forward

  1. Rachel@Mobilligy 06/07/2013 at 12:02 pm #

    We are blessed to be in a position to give back. Thank you for the great tips!

    • Paul 06/07/2013 at 5:07 pm #

      Glad you are in a position to give back Rachel! Giving back can be as simple as giving your seat to someone in need on the bus to buying lunch for a homeless person. The important thing is to find a way that you are comfortable with and make it a part of your daily routine!

  2. Tushar @ Everything Finance 05/02/2013 at 7:14 pm #

    It’s important to me to give back. I think everyone can give back to the community in some way, even if it’s not monetary. Downsizing, volunteering, it’s all equal.

  3. John@MoneyPrinciple 04/30/2013 at 2:47 pm #

    It’s all about giving really. We do so regularly and it helps. Recently we gave £2 to a homeless lady in the street then the next thing we knew was that she had gone into the foodstore and bought herself – a bottle of milk. It is important to give.

  4. Brick By Brick Investing | Marvin 04/30/2013 at 11:07 am #

    I believe everyone should strive to give back a little. Great tips.

  5. Edwin @ Green Dollar Bills 04/30/2013 at 1:23 am #

    If you can’t help with money then helping with your time works too. If you don’t have time or money then you can donate your usable clothing to a local charity. There are always methods to help those who are truly in need.

  6. KC @ genxfinance 04/28/2013 at 6:59 am #

    These are really good tips. All of us are capable of helping other people. Your ability to help are just hindered by what you negatively think.

    • Paul 04/28/2013 at 8:00 am #

      I agree with you KC! There are countless ways to help those in need and they do not have to involve money. Some of the simplest gestures of kindness can make all the difference in someones day!


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