Personal Finance
3 Reasons Donating Money Can Be Good For Your Wallet
By ValueChampion  •  April 20, 2021
Singapore has one of the highest GDP (in PPP) per capita worldwide. Despite this, Singaporeans tend to donate less than those in other wealthy nations. However, donating money to charity is a great way to spend some of the additional cash you made throughout the year. This is because donating can not only help those around you, but it can also give you "money back" through government and credit card incentives. Below, we've listed 3 reasons why donating money can improve your finances. 1. You Can Get a Tax Rebate One reason why donating money can be good for your wallet is because you can get a tax deduction of up to 250% until December 31st, 2023. For example, if you are an animal lover, you may wish to donate to the Animal Lovers League, which runs a no-kill shelter that homes over 5,000 dogs...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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