1. Giving To The Wrong Charities
This isn’t easy to hear, but there are many well-known charities you donate your money to where the charity doesn’t see half of the money you gave. Part of this is because of the fees the system takes when they process the payment. The other part of it is some of the money goes to paying the staff instead of where you want the money to go. For instance, if you donate to a charity that helps sick children, you want the money to go to the children and not the staff.
While you can continue to donate money, it is essential to find a charity or nonprofit organization that is in your area. Then, you can walk in the doors and talk to the executive director about where your money will go, and you can see the program expanding because of your contribution. Even if you don’t feel like paying the staff’s wages is a waste of money, you always have a better feeling when you are helping the people you want to over anything else.
Sources:
“15 Things POOR People Waste Money On.” Alux, YouTube. March 2019.
“13 Ways poor people waste money but rich people don’t.” Paula R. Gorman, Ideas Ranking.