Hello
I want to know what people think: is it better to pay monthly to an effective charity or yearly? Bearing in mind the payment is low £30.
Thanks in advance
Hello
I want to know what people think: is it better to pay monthly to an effective charity or yearly? Bearing in mind the payment is low £30.
Thanks in advance
If you can wait and donate when there’s a particularly good matching opportunity (for example the Facebook match on Giving Tuesday), you’ll end up giving a slightly higher total that way. The big downside to this is that it’s much easier to set up a standing order and not cancel it than it is to make a large annual donation on a particular day while focusing on where to get the best match for it.
The other advantage of a standing order is that it keeps you connected to the community. I set up a trivially small standing order in 2012 while I was still a student, and I think it played a part in keeping me aware of the community, with me ending up getting increasingly involved over the last few years (and now donating more than 100x more).
Thanks Alexrjl!
I think I will pay monthly to start with.
One more thing to keep in mind for small monthly payments is that many payment services take a small fee on every transaction. This might make it better to donate annually (though it’s going to be a very small difference in most cases, so I think Alex’s point is also good).
For example, if your credit card company takes a 15-cent fee from each payment you make, the charity you support will lose $1.80 if you donate monthly, and only 15 cents if you donate yearly.
Thanks Aaron.
I will pay from my visa debt card and they don’t charge me for transactions, so it should be fine.
Actually maybe they do charge me if I did non UK transaction. Thanks for making me aware!