Use caution when using savings to donate to relief efforts

Are you thinking of dipping into your savings account to donate money to help victims of the earthquake and tsunami in Japan? Before you write a check or text a donation, make sure you know exactly where the money it going so you don’t end up being scammed.

Recognize some red flags

When choosing an organization to help, keep the following tips given by the Federal Bureau of Investigation (FBI) in mind.

• Avoid responding to unsolicited emails urging you to donate, because clicking on the links could unleash a computer virus.
• Just because someone says he represents an organization you’ve heard of doesn’t mean he does. Take time to check out individuals soliciting donations.
• Watch out for organizations that use names that sound very similar to well-known groups.
• Avoid opening links to photos that are supposedly from the disaster area. They could have a computer virus.
• Avoid making donations with cash or making checks out to individuals.
• Legitimate organizations won’t pressure you to donate.
• Be suspicious of organizations that solicit donations by money transfer services.

Do you have enough savings?

Donating money to help good causes is a great idea if you can afford it. But if you have little to no savings and are barely making ends meet, it’s probably a good idea to work on beefing up your savings account now so that you will be in a better position to give later.

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