Over recent months, we’ve shared ideas and strategies designed to help you save money and build the foundations for a stable and secure financial future. As we approach the end of the year, many of us will be thinking about helping those who are less fortunate and, maybe, you’re realising that you would love to help more, if you could.
That’s why we’re taking the opportunity to encourage you to use some of the money-saving tips we’ve shared during the year and summarising below. By following these throughout the year, you can make a real difference by next Christmas!
As a recap, some of the things you need to think about to be a successful saver are:
1. Set a Clear Goal: Determine how much you want to donate and set this as your target. Having a clear goal will keep you motivated and focused.
2. Create a Budget: Look at your monthly expenses and income to see where you can cut back. Allocate a specific amount to set aside each month for your charity fund.
3. Automate Savings: Set up an automatic transfer to a separate savings account dedicated to your charitable donation. This ensures you save consistently without having to think about it.
4. Shop around: Keep an eye out on what interest rates banks are offering on savings accounts. Switch if you find a better rate that helps you earn more money.
5. Increase Your Income: Consider taking on a part-time job, freelancing, or selling items you no longer need to boost your savings.
6. Monitor Your Progress: Keep track of your savings and celebrate milestones to stay encouraged.
Being organised and disciplined also gives you the opportunity to spend time researching charities. There are more than 2,000 charities and nonprofit organisations in Malta which means there’s bound to be an issue or cause that really appeals to you and where you can be sure that the money you save will impact something that personally matters to you.
By following the steps above, you can make a meaningful contribution to your chosen charity come Christmas 2025. Remember every little bit helps, and your donation, no matter the size, can make a significant impact. Happy Christmas and Happy Saving!
