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It's that time of year again: time to start thinking about how you and your loved ones can give back to the community.
If you're in the latter camp, here are some tips from JPMorgan Chase: Give your kids a say: "Matching your or your family's interests to charitable outreach personalizes the experience, which can boost motivation and engagement," says the bank.
"For example, if your child is an animal lover, supporting a cause that cares for animals in need may be a good choice."
Help them see the difference: "When kids donate from their own savings or allowance funds, it can be challenging and even discouraging to see the bigger picture of how they are making a difference," says the bank.
"Guiding them to charities where small contributions provide measurable benefits can create a sense of empowerment and boost motivation."
Set a tradition: "When children first start to save money, setting up a system wherein funds are divided into expenses, savings, and giving buckets can establish good habits for effective financial management," says the bank.
"Start early and make it a tradition."
Find charities to choose from: "Depending on your child’s age, you can also encourage them to conduct some of their own research before making a choice."
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