The Benefits of Giving Back: How Donating Can Boost Your Financial Wellbeing ✨💸

When we think about improving our financial wellbeing, budgeting, building credit, and saving money usually come to mind. But what if giving back to charitable organizations could also help you?? Donating to causes you care about doesn’t just benefit others—it can also be a powerful way to help yourself. Let's dive into how! 💚

Boosting Your Credit Through Donations 📈

Like any other transaction, using your credit card to make charitable donations can help you build credit. 💳 When you make donations with your credit card and pay off the balance on time, you’re building your credit score. On-time payments are one of the biggest factors in your credit score, and using your card to donate makes those payments more rewarding, both emotionally and financially. Plus, in November, Step is giving 5% cashback on eligible charitable donations, making it even more rewarding to give back!

Making a Big Impact with Small Contributions 🤲

You don’t need a lot of money to make an impact. Small donations add up over time!. 🌍 Setting aside a few bucks a month for donations not only helps the community, but can also teach you to build discipline in your budgeting habits which will come in handy in other parts of your life too, like saving for an emergency fund or towards college!

When you make giving back a regular part of your financial plan, you’re making a much bigger splash than you may think. Not only are you supporting the causes you care about most, but you’re also gaining control over your spending. Aligning your money with your values makes managing finances more meaningful, turning saving and budgeting into tools that fund the things you care about. The shift in perspective is empowering, don't you think? 🚀

The Emotional Benefit: A Wealth of Happiness 😊

Believe it or not, financial wellbeing isn’t just about numbers. True financial health includes your emotional and mental wellbeing—and giving back is known to boost happiness. Spending money to help others can create a "helper’s high," releasing endorphins and reducing stress. When you feel better mentally, you're more likely to make positive decisions in other areas of your life, including your finances. The more positive you feel, the better your approach to saving, budgeting, and managing money. We don’t mind all of these added benefits to giving back outside of the donation itself!

Take Advantage of Our Giving Tuesday 5% Cashback 💸

This holiday season, we’re encouraging our users to give back (and get back!) From November 1, 2024, to December 3, 2024, Step users can earn 5% cashback on eligible charitable donations. Giving back doesn’t get more rewarding than this! Ready to make a difference? Learn more about our Giving Tuesday cashback offer here!