Credit repair is a long process and can take years. However, life doesn’t stop just because you’re trying to bump up your credit score. If you’re in the process of trying to repair your credit, or just building it up for the first time, you might find yourself on a strict budget. However, that doesn’t mean you can’t still find ways to donate to charity.
There are thousands of great nonprofit organizations all over the country doing wonderful work. They don’t just need your money, either. So if you’re feeling the urge to give back, here are a few ways to do so.
Commit to a monthly donation using your credit card
Many nonprofit organizations exist solely on donations from the public. Choose a charity you support that needs ongoing assistance and commit to a monthly donation using your credit card as the payment type. If the card has a low balance and you pay it off monthly, it will improve your credit score.
Donate your credit card rewards
Many credit cards today offer great rewards, such as cash back bonuses or frequent flier miles. Some credit card companies will allow you to donate these rewards to certain charities. Contact your credit card company to find out if this is an option for you.
Even if there’s no national tragedy happening, people all over the country need your blood, especially if you’re a rare donor. Many blood or plasma organizations need regular donations, so if you’re healthy and able, this is a great way to pay it forward.
Sign up to become an organ donor
In most states, you can agree to be an organ donor through the DMV or Department of Revenue when you get your driver’s license or state ID. If something should ever happen to you, you can give back by helping someone in need of a vital organ.
Donate your skills
If you have any creative skills, handyman skills, or any other type of specialized skill, nonprofits need your help. Consider donating your expertise. For example, if you’re a contractor, you could work with one of the many organizations who help build or remodel homes for those less fortunate.
Get a charity-focused credit card
Credit cards are a great way to improve your credit score, provided you keep the balance low and make your payments on time. Many credit cards are now designed specifically to allow users to donate the rewards they receive to their favorite charities. So instead of racking up frequent flier miles you may never use, you can simply donate them to the charity of your choice.
Do some early spring cleaning
Clean out your closets, basement, garage, or wherever you store your clutter, and donate your rarely-used items to charity. Get a receipt from the charity as well — this donation is likely tax deductible.
Use your birthday to donate
We all have birthdays, so why not use your as a way to raise some money? Friends and family can donate to a cause of your choosing in lieu of getting you gifts.
Donate your tax refund
If you’re expecting a tax refund this year, consider donating some or all of it to a charity. Not only will you be giving back, but that donation will be tax deductible next year, instead of being taxed on your refund. This will actually save you some money in the long run.
Ask your employer for assistance
Many companies will help employees who wish to give back, whether through gift matching, company time off for volunteer community service, or company-sponsored fundraisers. Speak with your boss or HR representative to get started.
If you’re concerned about your credit, you can check your three credit reports for free once a year. To track your credit more regularly, Credit.com’s free Credit Report Card is an easy-to-understand breakdown of your credit report information that uses letter grades—plus you get two free credit scores updated each month.