Donate to a food bank
Chef Tommy Banks' plea to the thieves who stole his meat pies serves as a reminder of the spirit of giving during the holiday season.
While most of us won’t find ourselves in possession of 2,500 meat pies, we can all find ways to contribute. Here are three meaningful ways to give back this holiday season, some of which can even align with your financial goals.
Donating to food banks can directly help people in your community. Food banks often see higher demand during the holidays, and donations of non-perishable items can make a big difference.
Feeding America suggests donating canned soups and stews, peanut butter, rice, pasta and canned beans. Specialty items like olive oil, salad dressings and marinades can also be helpful as long as the items don't require refrigeration.
The organization also suggests asking if your local bank accepts personal care products and cleaning supplies, such as shampoo, soap, paper towels and bathroom cleaner, since those items often aren't covered by food assistance programs like SNAP.
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Learn MoreVolunteer your time
If you can't donate money or purchase items, consider giving the gift of your time. Volunteering at a shelter or a community center is one of the most rewarding ways to give back to your community, and it won't cost you a dime.
Many organizations need extra hands during the holidays to sort donations, distribute food or deliver holiday meals. Volunteering is also a great way to model generosity to kids and show the holidays aren't just about material gifts.
Consider microlending
If you're in a position to give financially, consider funding microloans through platforms like Kiva. Microloan platforms support small business owners and entrepreneurs, often in less developed economies.
Loaning a small amount can help lift up entire communities by providing jobs and income. When the loan is repaid, you can reinvest those funds to help even more people. During the holidays, some platforms match donations, which can help your loan go even further.
Finally, don't underestimate the power of small acts of kindness during the holiday season. Offering a ride to someone in need, sharing baked goods or shoveling a driveway for a neighbor can brighten someone's day while keeping your spending in check.
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