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    19
    Dec
    2012
    11:15am, EST

    Charitable giving that doesn't lighten your wallet

    CNBC's Sharon Epperson explains why you should investigate charities and non-profit organizations before donating and says that an alternative to giving money can be volunteering your time or donating gifts like airline miles or credit card reward points.

    By Sharon Epperson, CNBC personal finance correspondent

    Giving a gift to charity may be your greatest gift of the season — and it doesn't even have to lighten your wallet. When it comes to charitable giving, I follow my father's wisdom. He always said charity should follow the "three T's" — giving of your time, your talent and your treasure. Here are some ways to do just that:

    Share your bounty by volunteering your time
    Of all the festivities associated with the winter holidays, many people look forward most to a big holiday meal. There's probably a food bank in your community that could greatly use your time to help prepare and serve food over the coming weeks. FeedingAmerica.org can help you find a food bank in your neighborhood.

    Offer your professional expertise "pro bono"
    Calling all doctors, lawyers, accountants, nutritionists, teachers! No matter your profession, if you have an expertise, volunteer your talent for a good cause. The website, idealist.org, is a great place to find volunteer opportunities to share your experience.

    A treasure worth giving doesn't have to be a cash gift
    You can donate appreciated stock and mutual funds. You can even donate airline miles or credit card reward points you've already earned.

    Claim a tax break for charitable gift
    If you do give something from your bank account, it can also give a little back to you in the form of a tax deduction. Check the IRS website to find out if the charity you are thinking of donating to is a tax-exempt organization, to make sure your gift will qualify for a tax deduction. Generally, to deduct a donation, you must itemize your deductions. Once you make the donation, keep a record. For contributions of $250 or more, you'll need written acknowledgment from the charity. Make your pledge before the end of the year for the donation to count for 2012.

    Research the charity before giving
    Non-profit organizations may use their moneyin a variety of ways. Guidestar.org and Charity Navigator.org rate charities based on several factors, including the organization's financial health and efficiency. You can find out how much of the money goes to the organization's stated cause versus overhead, fundraising, and other costs. Maximize your gift's impact by taking the time to find how the charity gets and spends its money. You want to ensure that your gift is used in the way that you intended.

    More from CNBC:
    Taxing Charitable Donations?  Then Tax Volunteers
    Don’t Get Rid of the Charitable Deduction
    Are the Brits Less Charitable Than Americans?
    Charity is Charity, Tax-Wise

     

    1 comment

    Another way of charitable giving that doesn't lighten your wallet is purchasing from shops that are tied-up with charities, that from every purchase you make a portion of the sale will be given to your chosen charity in their list, just like cuffntuff and Bond47.com. It's a dual purpose, you're able …

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    Explore related topics: money, finance, tips, holidays
  • 18
    Dec
    2012
    3:36pm, EST

    For many transportation workers, Christmas comes a day early or a day late

    Courtesy of the Shaffer family

    Tom Shaffer, a longtime bus driver and a senior training instructor for Greyhound, estimates he's worked 15 of the past 20 Christmases. He said his wife has adapted to his absences over the years because "she knows I love what I do."

    By Laura T. Coffey, TODAY

    Military service it is not: These workers expect to come home safe, and their absences are typically measured in days, not months.

    But for thousands of pilots, flight attendants, baggage handlers, bus drivers, train conductors and other transportation employees, an un-jolly reality exists: Until they attain enough seniority, many of them can expect to spend anywhere from five to 25 years working on Christmas and other major holidays.

    Faced with such an enduring buzzkill, transportation employees and their family members often get creative about when and how they celebrate. Sometimes Santa comes with great fanfare on, say, Dec. 19. Sometimes he rolls in with his reindeer (and gifts obtained at fabulous after-Christmas sales) on Dec. 28. But for many of them, Christmas consistently comes a day early or a day late — year after year after year.

    That’s the situation Tom Shaffer has learned to accept along with his wife, their two sons and their extended family members who descend each Christmas on the Shaffer home in Rockwall, Texas. A longtime Greyhound bus driver and senior training instructor, Shaffer estimates he’s worked 15 of the past 20 Christmases — and this Dec. 25 will be no exception.

    “I’ve just gotten used to it over the years,” said Shaffer, 56. “Greyhound is really, really busy during that time of year. My wife understands this is what I do and she’s grown accustomed to it and she’s accepted it. She knows I love what I do.”

    Courtesy of the Shaffer family

    Regina Shaffer, right, described her husband Tom Shaffer, left, as a "great person." "He's always so positive," she said. "I've learned a lot from him myself."

    Opening gifts at different times
    Indeed, everyone who knows Shaffer recognizes how much he loves his job and cares about his passengers. He takes great pains to make holiday bus rides cheery and upbeat.

    “I like to be cheerful with everybody,” he said. “I make it my business to say, ‘You have a merry Christmas and a most happy and prosperous New Year’s.’ ... Sometimes people sing Christmas songs on the bus.”

    Back at home, Shaffer’s family has found ways to adapt to his absence on pivotal Christmas mornings. They typically break with tradition and open special gifts at different times — sometimes on Dec. 24 before Shaffer has to leave town, or in the late afternoon or evening of Dec. 25 after he’s completed his bus route.

    “Whatever we consider to be, you know, the big gift, we always want him to be here so he can see the reactions,” said Tom Shaffer’s wife, Regina Shaffer, 43.

    Occasionally the “big gift” reveal happens late on Christmas day in front of as many as 20 members of the Shaffers’ extended family, and can result in special memories for everybody present. Last year, for instance, the Shaffers bought a telescope for their youngest son Jordan, who was 10 at the time. They were pretty confident their son, a space enthusiast, would love the gift — but his ecstatic reaction astonished everyone.

    “We didn’t wrap it — we actually hid it and then set it up when he was in the back,” Regina Shaffer recalled. “When he saw it, his eyes were so big. He was almost crying and saying, ‘Thanks, Daddy! Thanks, Daddy!’ ... There wasn’t a dry eye in this house.”

    Courtesy of the Shaffer family

    Jordan Shaffer is pictured opening Christmas presents in 2009. Jordan, who is now 11 years old, delighted his family with his reaction to the gift of a telescope last Christmas.

    Supporting, cheering fellow employees
    A number of airlines provide priority travel passes to crew members so they can have a spouse or another close family member travel with them over the holidays. That way, if they have to spend Christmas in a strange city, at least they have their nearest and dearest along for the ride.

    On an informal basis, senior airline workers will sometimes switch shifts with junior crew members who have small children. That way, the junior crew members can enjoy the Christmas morning experience at home.

    No matter what, though, many moms and dads do end up working on Christmas Eve and Christmas day. Sometimes winter weather is to blame.

    Capt. Mark Niles, a pilot for Horizon Air, recalls flying one year with a first officer who had been scheduled to make it home on Christmas Eve.

    “We got delayed due to a really bad snowstorm,” said Niles, who lives in Portland, Ore. “She was telling her young son over the phone that Santa Claus had a special arrangement with pilots and flight attendants, and he knew when they had to be gone and he would still show up on the right day. ... That was kind of hard to listen to.”

    Niles — who also serves as vice president of the Coalition of Airline Pilots Associations, an organization that represents 28,000 pilots — said he’s worked many major holidays during his 13 years with Horizon.

    “I’m fairly junior as captains go in the grand scheme of things,” Niles said. “The junior guys are flying on holidays — that’s just how it is.

    “In our case, we’ve done alternate days for Christmas, or for Thanksgiving we’ll plan to do it on a different day. Sometimes that works when you can coordinate with family, and sometimes it doesn’t. Then you just have your own little celebration with your immediate family.”

    When transportation employees do have to spend the holidays with their “work families,” they usually enjoy special meals together. Greyhound provides traditional Christmas lunches or dinners to workers, and Delta does the same thing for gate agents, ticket agents, ramp workers, baggage handlers and other employees. American Airlines said teams of employees often create potluck, grassroots holiday celebrations with their co-workers.

    Niles has fond memories of an unforgettable Thanksgiving meal he shared with fellow Horizon crew members about a decade ago.

    “A crew member actually cooked the complete meal, with all the trimmings, and brought it with them in a cooler,” he said. “We were in a hotel in Boise with nothing open around us, and this person had taken care of the whole meal for all of us!

    “It’s so great when you work with a really good crew and everybody kind of bands together for the holidays and does nice things for each other.”

    Has a work schedule ever prompted your family to celebrate the holidays in different ways or on different days? Share your stories in the comments! 

    Need a Coffey break? Friend TODAY.com writer Laura T. Coffey on Facebook, follow her on Twitter or read more of her stories at LauraTCoffey.com.

    More on TODAY:

    • Military parents come home for the holidays via reading
    • Confessions of a mall Santa: Spit, snot and spreading cheer
    • Video: Secret Santa pays Wal-Mart layaway bills for 53 families 
    • Photos: Faces of Santa: See how St. Nick spreads holiday cheer around the world

    25 comments

    When I was in high school in suburban Buffalo NY 40 odd years ago, one of my teachers, who was Jewish, organized a group of people in his temple who worked (for free) in the place of Christians who would otherwise have to work on Christmas - those who had to answer the phone, those who worked in nur …

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    Explore related topics: work, christmas, holidays, transportation, featured
  • 4
    Dec
    2012
    1:45pm, EST

    Bad Santa: Three kinds of toys you shouldn't buy for kids

    Toyportfolio.com co-founder Stephanie Oppenheim tells TODAY all about the best toys for kids every year. TODAY.com asked her to share her picks for the WORST. What toys should you never give, especially to someone else's child?

    By Stephanie Oppenheim, TODAY contributor

    Super noisy toys
    If it's so annoyingly loud or insistent that you want to scream, that's a good indication that the toy is too noisy. Unless you know that this particular family loves the clamor, I'd steer clear of loud toys or products without volume control. That's one of the factors we look at when we review toys.

    Toys with projectile parts
    You can't ensure that siblings won't "accidentally" shoot in the direction of their little sister. I'd also be careful about giving toys that come with lots of small parts when you know there is a baby or toddler in the house.

    Gross toys
    Toys that enable you to make green candy snot just don't do it for me. I also steer clear of what I call ugly "rococo-plastic." Toys should have a certain level of design.

    A couple more tips to remember when picking the perfect gift for children:

    Parent intensive
    Don't give a gift that requires a great deal of parental supervision, unless you know the parent is really into trying a chemistry set, putting together a 1,000-plus piece construction set, or teaching their children how to play a super complicated board game.

    Special needs
    Be mindful of the special needs of the children on your list. For example, a child with ADHD may be too frustrated by a long game with lots of rules. We have a list of toys for kids with special needs on our site.

    More from TODAY Moms:
    Holiday card stress: Why parents strive for perfection
    Ho-ho-high-tech: Kids send digital wish lists to Santa's inbox
    Kids at adult holiday parties? Kelsey Grammer did it at Playboy mansion

    15 comments

    Toys that enable you to make green candy snot just don't do it for me. Ah, I see! So it's about what YOU like and not what the kid likes! This was one of the hardest lessons for me to learn: DON'T buy my kid something just because I like it. In the end most everything I bought them like that ended u …

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    Explore related topics: children, toys, holidays
  • 30
    Nov
    2012
    8:00am, EST

    Bosses, take note: Your staff wants a bonus this holiday season

    Stock photo via FeaturePics

    Want to be a popular boss? Give the gift of cash.

    By Allison Linn, TODAY

    If you’re considering giving your staff a gift or throwing a party this holiday season, here’s a tip: Your workers would probably prefer the cold, hard cash instead.

    A new survey finds that 73 percent of people would like a cash bonus this holiday season, if given the choice of holiday perks.

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    The survey of 2,059 U.S. adults asked what holiday perk people would prefer most, assuming all had about the same monetary value. It was conducted in November by Harris Interactive on behalf of the jobs website Glassdoor, and respondents could choose more than one answer.

    The cash bonus was the most popular item. Next came a raise, which was favored by 60 percent of respondents. That was followed by extra paid time off that wouldn’t count against vacation, which was favored by 36 percent of respondents.

    Here’s what people didn’t want as much as the cash: company stock, health care subsidies, a gym membership and a holiday party with an open bar. None of those were favored by more than 10 percent of the group surveyed.

    It seems that more money is generally one of the top items on workers’ minds.

    The same survey found that getting a raise topped the list of work-related New Year’s resolutions, with 32 percent saying that was a top goal.

    Many people also plan to peruse the help-wanted ads come January: 23 percent said their top work-related New Year’s resolution was to look for a new job. 

    CNBC's personal finance expert Sharon Epperson offers advice for what to do with a large monetary gift.

    40 comments

    In truth, holiday parties infuriate a large number of employees. I am very well employed, happy in my job, and with happy management, but I shall speak an unspoken truth If held after working hours, they are just about the last thing most of us need around the holidays. Better nothing than asking me …

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  • 9
    Oct
    2012
    2:39pm, EDT

    $1 million watches and more: Neiman Marcus luxury gift catalog is out

    Ginger Reeder of Neiman Marcus announces the company's annual fantasy gifts, showing off a mini farm, complete with real hens, a handcrafted wooden tailgate trailer, and a special edition McLaren convertible.

    By Jamie Stengle, Associated Press

    Luxury retailer Neiman Marcus rolled out its annual holiday catalog Tuesday, and the priciest gift this year is a pair of "his and hers" timepieces for just over $1 million from Van Cleef & Arpels.

    The watches depict a tale of lost love on the faces and come with a trip to romantic Paris and Geneva. 

    Dallas-based Neiman Marcus is known for featuring expensive and often outrageous "fantasy gifts" in its Christmas Book. The 86th edition also includes a red special edition McLaren 12C Spider for $354,000, a hen house inspired by France's Versailles palace for $100,000 and a walk-on role in Broadway's "Annie: The Musical" for $30,000. 

    Neiman Marcus

    These his and hers watches are the priciest gifts in this year's Neiman Marcus holiday catalog, starting at $1,090,000 for the pair.

    Those with smaller budgets can take heart, though — almost 40 percent of the items offered in the catalog cost less than $250. The cheapest item is a $10 monogrammed mug. 

    The "his and her" watches each show a scene from the love story. One depicts a scene of a woman on the observation deck of the Eiffel Tower, gazing toward Notre Dame. The other watch features a man on top of Notre Dame looking toward the Eiffel Tower. 

    "It's a classic love story. Boy meets girl, a romance is sparked, but fate has intervened and they are separated, but both are left longing to find one another," said Marisa Neira, watch product manager for Van Cleef & Arpels. 

    Neiman Marcus

    This French-inspired custom-made hen house can be yours for a mere $100,000, $3,000 of which will be donated to The American Livestock Breeds Conservancy.

    The watches and the trip cost $1,090,000. While in Geneva, buyers receive a tour that includes the Van Cleef & Arpels watchmaking workshops. 

    Ginger Reeder, Neiman Marcus' vice president of public relations for Neiman Marcus, said the fantasy gifts are a nod to the spirit of the holiday season and the fantasies children have about what they want for Christmas.

    "All we've done is notched up what's on the list or what's available to be on your list," Reeder said.

    Other offerings include a $90,000 gaming machine, a $150,000 woody tailgate trailer complete with a sound system and stocked bar, a $99,500 water-propelled jetpack, a $250,000 private dinner for 10 featuring four famous chefs and a $70,000 piece of art by Robert Wilson that features a video portrait of a snow owl.

    All nine of the fantasy gifts are paired with a charity that will benefit from their sale.  

    Slideshow: Neiman Marcus' 2012 fantasy gift guide

    Neiman Marcus

    For 86 years, Neiman Marcus has offered one-of-a-kind holiday gifts in its yearly Christmas Book. This year continues the tradition of extravagant gift possibilities costing up to more than $1 million, including a walk-on role in "Annie: The Musical."

    Launch slideshow

    More from TODAY:
    • Look through last year's Neiman Marcus holiday gift catalog
    • For Christmas at Neiman Marcus: a $75,000 yurt
    • Haute holiday gifts — all under $100!

    4 comments

    i'm just wondering how many people with no money to spare, but will go to places like this or another over priced place like Hermee's, that place in Boston where i did the electrical installation and while working there, the gc was walking around with one of head cheeses talking about the lighting a …

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    Explore related topics: holidays, gifts, featured, neiman-marcus, holiday-guide
  • 23
    Nov
    2011
    7:33am, EST

    We worry about, but don't budget for, holiday shopping

    Charles Rex Arbogast / AP

    Very few shoppers set a strict holiday budget, according to a new survey.

    By Allison Linn, NBC News

    Given the state of the economy, it comes as no surprise that many Americans are worried about how they’ll be able to pay for all their holiday expenses.

    The trouble is, most of us don’t seem to be doing much to plan for it.

    A new survey from the National Endowment for Financial Education finds that just 31 percent of consumers plan to set a budget this holiday season. That’s only slightly more than last year, when 27 percent said they were making a budget.

    The vast majority said they weren’t going to set a holiday spending budget. Still, only 10 percent said they often spend more than they want to. That’s about the same as last year.

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    The wealthier the household, the less likely they were to set a budget.

    Half of the people NEFE surveyed said they were more worried about being able to afford holiday expenses than they were five years ago. Nearly 4 in 10 are just as concerned about holiday spending as they were five years ago.

    Harris Interactive conducted the survey of about 2,800 adults earlier this month on NEFE’s behalf.

    Related:

    Shop smart and save money this holiday season

    'Christmas creep' annoys, but seems to work

    41 comments

    Why worry? NO "holiday expense" is mandatory. If you can't afford it, don't buy it. Easy. You don't have to buy a gift for everyone you know. You don't have to buy a gift for every member of your family. You don't have to buy gifts, period. You don't have to buy Christmas sweaters. You don't even ha …

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    Explore related topics: holidays, featured
  • 18
    Feb
    2011
    1:03pm, EST

    Another day off? Enough, already

    Amy Sancetta / AP

    Presidents Day was celebrated this month with a bobblehead doll giveaway in Cleveland.

    By Martin Wolk, NBC News

    Monday is Presidents Day, and if you're like most Americans you are probably ready for your first holiday since Martin Luther King, Jr. Day nearly five weeks ago.

    But some of you apparently don't like spending so much time away from work and school.

    A survey from Rasmussen Reports finds that 28 percent of U.S. adults say there are too many federal holidays. Only 13 percent say there aren't enough holidays, while 53 percent say the number of federal holidays is "about right."

    The survey was conducted Feb. 15 and 16 as workers across the country were noticing a sudden increase in furniture ads and realizing they had a three-day weekend coming up.

    While the holiday may have crept up, it should not have come as a surprise as Washington's Birthday has been a federal holiday since 1885 and has been observed on the third Monday of February since 1971. The holiday is often known as Presidents Day because it rarely falls on George Washington's actual birthday, Feb. 22.

    With 10 federal holidays in most years (and sometimes 11), the U.S. is catching up to international standards, although we still lag far behind many developed countries in paid time off work. European countries typically offer a minimum of four weeks' vacation plus eight to 12 national holidays, compared with the typical one to three weeks' vacation in the U.S.

    Maybe Americans just really, really like to work and hate having another day home with the family. Or maybe we feel we just can't afford the loss of productivity associated with a holiday.

    Rasmussen notes that each holiday costs about $450 million in pay for federal employees and lost productivity. And the polling company says Republicans are twice as likely as Democrats -- 37 to 19 percent -- to say there are too many federal holidays.

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  • 16
    Dec
    2010
    6:05pm, EST

    Friday is your day to score free shipping, 'stack' online deals

    If the juxtaposition of the terms “online shopping” and “shipping fees” makes you silently think, “Grrrrrrrr” -- read this.

    Far too many shoppers have far too many stories to tell about how the sweet online deals they found suddenly went POOF before their eyes thanks to onerous shipping fees. But, good news: On one glorious day of the year, hundreds and hundreds of retailers unite in benevolence and mercy and cut us a collective break. Sure, more and more retailers are offering free shipping throughout the holiday shopping season. But on this one day, it's a virtual certainty.

    This year that happy day -- Free Shipping Day! -- arrives on Friday, Dec. 17, and anything you order from more than 1,000 participating retailers has guaranteed delivery by Dec. 24. Not bad, right?

    But wait, there’s more! By using an ingenious method of “stacking” online deals, you can score one, two or even three additional discounts above and beyond the free shipping deal. Just ask Kevin Johnson about the extra-thick down comforter he scored for practically no money last winter. He did it by stacking these offers:

    • A huge sale that Macy’s was having anyway.
    • Free shipping.
    • An online coupon code for more than 30 percent off.
    • An 8 percent cash-back deal that he got for shopping at Macy’s via the site Ebates.com.

    Granted, Johnson is the chief executive officer of Ebates.com -- but he’s as giddy as anybody would be about masterminding that comforter purchase.

    “Seriously, altogether, it wound up being almost free!” Johnson said.

    He noted that in certain cases it’s possible to stack the online deals even higher: Some retailers provide extra discounts when you use their credit cards or participate in exclusive “friends and family” sales.

    Ebates has been around for 12 years now, and Johnson has been at the helm for two and a half of them. The site is a clearinghouse that sends shoppers to 1,200 large and small retailers and alerts shoppers to those stores’ free-shipping offers and coupons. Then, as an added bonus, if you shop at, say, Nordstrom or Priceline or Target or eBay or Barnes & Noble through Ebates.com, you’ll get money back in the mail a few weeks later. The list of participating retailers spells out the percentage of your cash you’ll see again; it’s often in the 5 percent range, and it tends to jump significantly on big shopping days like Black Friday, Cyber Monday and ... Free Shipping Day.

    “Worst case on Friday, you’ll just get free shipping and cash back,” Johnson said. “But almost everyone is having a sale right now too.

    “The procrastinators are going to get rewarded this year, I think.”

    Psssst ... like free and cheap stuff? Check out Life Inc.'s Deal of the Day posts and TODAYshow.com's Fabulous Freebies feature.

    1 comment

    Ebates is my favorite. If you have not yet signed up for Ebates, do it right now! Grab the offers! You will also get some exciting deals on FatWallet, ShopAtHome, AAfter Search. Moreover, you will get $2.5 to $5 as sign up bonus as well as huge cash back.

    Show more
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Laura T. Coffey

Laura T. Coffey is a writer, editor and producer for TODAY.com. A journalist with 24 years of experience, she also has written and edited for the Seattle Post-Intelligencer, The San Diego Union-Tribune, The Prague Post in the Czech Republic, the Seattle Daily Journal of Commerce, the Peninsula Clarion in Alaska and the St. Petersburg Times in Florida. She wrote a column called “10 Tips for Keeping Your Money in Your Wallet” for msnbc. …

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Allison Linn is the lead writer for TODAY Money's Life Inc. She also writes about the economy, consumer issues, personal finance, employment and workplace issues for NBCNews.com. Linn joined NBCNews.com from The Associated Press, where she mainly covered Microsoft. Previously, she worked at newspapers in Colorado, Washington and Oregon. She also spent nearly two years as a reporter in Germany.

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Martin Wolk is executive business editor for NBC News Digital, responsible for business content on NBCNews.com and TODAY.com. Prior to joining NBC News, he worked as a correspondent for Reuters in Seattle and New York. He is based in Redmond, Wash.

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