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The Holidays Are Upon Us: How to Give Back

‘Tis the season to be jolly! Christmas is right around the corner, and you know what that means: it’s the season of giving! If you are in the giving mood this holiday season and don’t know where to go, you’re in luck. Bold Business host Philip Michael shares how you can give back to your community without breaking the bank or your wallet!

It’s all about the community

One of the best ways to give back to your community is by supporting small businesses. As we know, small businesses worldwide have taken a big hit from this year: no foot traffic, no people shopping, people being at home. Using your money to support them instead of going to a big company like Amazon or Walmart for holiday shopping can go a long way to keep these businesses afloat. Remember, those small businesses will be there when things get back to normal, and that simple choice can help more than you could imagine. When you support local businesses, it puts the money right back into the community. And it gives you a higher quality product and a more personalized customer experience.

The ultimate Christmas gift!

Another way you can give back this holiday season is by donating. Giving your money to a charitable cause can help local or other organizations fight things like hunger and homelessness. Also, if you contribute to an IRS-approved charity, you benefit from a tax reduction. Imagine that: You do service, and it gets right back to you in the most fantastic way! Also, donating is always a good thing, and studies have found that setting aside money to donate each month teaches people to have better money management skills. But you don’t have to donate money. There are plenty of charitable organizations looking for people to donate food, clothes and toys. Maybe they are just looking for volunteers to spread the joy of this holiday season!

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