In the season of giving many people donate to worthy causes to help the less fortunate so that they can participate more fully in holiday celebrations. It is important to watch spending for personal holiday expenses, as well as practicing safety while shopping in stores, because theft increases during holiday time. In addition to holding onto your cash by making purchases on a debit card, or putting bills and coins in a wallet that is close to your body, so that you can feel movement in crowds to protect yourself, as well as keeping a purse in front of your body with the opening towards you, you should also protect your keys. Buying gifts can be a lot of fun if you have the money to spend and if it is done safely.
The holiday season also comes with various religious and charitable organizations who solicit for funds in order to buy holiday meals, clothing, toys, and toiletries, for the less fortunate. Remember that if you choose to drop off items or cash then it is considered a gift or charitable donation that is sometimes tax deductible, but please check to make sure before you do it. You should also remember that a promise to make a donation is called a pledge and many charitable, nonprofit organizations depend on these pledges to operate and continue their good works for your community for the rest of the year.
A gift is considered a feel like it kind of thing, and is always totally optional but a pledge is a binding promise that you will donate what you have stated that you would donate in the future usually by a specified time and date. A pledge is not something that a person should do because they might get caught up in the excitement of the moment, feeling the generosity of those around them, and desiring to become a part of what it happening, also pledges their support. Forgetting about these kinds of promises later on is not recommended, so if you haven’t thought it through about backing up your commitment to the organization, after the magic of the holiday season wears off, and the last of that cider is gone, then don’t make these kinds of promises.
The bigger the pledge, the more possibility of suit or litigation against the promisor to obtain it in some cases where it is more than $500 while an organization may not sue you for a small pledge that you do not honor after all, it still isn’t right to mess with their emotions like this, or the people that depend on the organization, just because you got caught up in the moment, at that time. Besides this, welching is not tax deductible like many pledge donations can be, and all you can get it a lump of coal from Santa for it as well.
So enjoy yourself in the holiday season but keep it real.