![]() Consumer Reports also recommends BBB Wise Giving for local or regional charities. You can find information on the financial health, accountability and transparency on nearly 10,000 charities at Charity Navigator. If you’d like to donate money to a new charity this year, be sure to vet them to ensure that the organization is using its donations responsibly. As Freakonomics has explained, two donations of $70 are more valuable to a charity than 70 donations of $2, since charities are often charged transaction fees for each deposit into their account. While a number of worthy causes may be vying for your attention this year, your money will generally make a bigger impact if divide your total giving among fewer charities. Plan for year-end charitable giving: With the holiday spirit upon us just as the window of opportunity for generating deductions for the 2020 tax year starts to draw to a close, it’s a good time to wrap up any financial contributions to charitable nonprofits you plan to make. As Consumer Reports points out, FSA accounts are typically offered on a use-it-or-lose-it basis, although many employers provide a grace period into the next year. ![]() Need to stock up on household items such as sunscreen and first aid kits? Check out “ 12 essential items you can buy from the FSA store during the pandemic” from USA Today. Also think about items like contact lenses and lens fluid, personal care items and non-prescription medications. You may also want to look into chiropractic treatments or acupuncture at this time, but make sure you check with your plan to find out what is eligible for reimbursement and under what conditions. Make time to schedule doctor’s appointments, including eye exams, non-cosmetic dental work or other eligible procedures. Make use of any remaining balance in your flexible spending account: If you have money left in an employer-sponsored FSA (flexible spending account), be sure not to let these pre-tax payroll deductions go to waste. To help you manage key financial priorities to tackle this season, and ensure that you don’t miss any critical dates, we’ve got you covered with this November checklist: ![]() Add in the shopping frenzy and spillover around Black Friday, Cyber Monday and other pseudo-holidays, and an already busy schedule can become crammed with enough items to leave you perplexed on where to begin. As we approach the holidays, we also come up against a number of important end-of-year deadlines and essential tasks intended to maximize our resources and protect our financial well-being.
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