Volunteering: Good for You and Your Wallet

Volunteering: Good for You and Your Wallet

September 7, 2017

Written By Gabriella Allen, La Casa de Esperanza

As a volunteer program coordinator with La Casa de Esperanza’s Financial Stability program, I often speak about why volunteer work is important and its impact on the community. Volunteering also has a positive impact on the volunteer themselves. In fact, doing good may even be good for your finances!

Here are some ways you can benefit from giving back:

Volunteering enhances your school and college experience
Volunteering is a great way to apply the things you learn in school in a real-world setting. This can both enhance your school performance and make you a more distinguished candidate for jobs you apply for in the future.

Volunteering improves job prospects
These days, people are finishing school finding that they need to be more competitive in the job market. Not only can volunteering be a unique experience to put on your resume, but it’s a great way to build new skills and network. For example, someone who volunteers as a financial coach will be able to demonstrate their knowledge and skills, build effective communication skills through coaching, and meet other professionals that can connect them to a career opportunity or serve as references when it comes time to apply for work. This can make you a standout applicant to potential employers.

Better health for body and mind
Volunteerism has proven benefits for mind, body, and spirit. People who volunteer regularly show lower rates of depression, chronic pain, and may even live longer! Volunteering creates a “feel-good” effect that can significantly improve your quality of life. What could all this mean for your wallet? By engaging in activities that promote good health like volunteering, you may be lowering your medical costs in later life without even realizing it!

Save money while still helping causes dear to you
Do you ever find flyers from agencies or organizations close to your heart in your mailbox asking for donations? You would gladly write a blank check if you could, but for a lot of people that’s not always possible. Volunteering is a great way to contribute to causes close to your heart when you don’t have the cash.

Whether you’re looking to boost your resume, connect with your community, or just want to give back, you can’t go wrong with volunteering. Check out United Way of Greater Milwaukee & Waukesha County today for volunteer opportunities in your area.

Monthly blogger Gabriella Allen is a VITA Site Coordinator with the Center for Financial Stability at La Casa de Esperanza. We spoke with Gabriella during tax season about how low- to middle-income families can maximize their tax return. Listen here.


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