Fall is a Good Time for a Check-Up on Your EFTs

For many of us electronic funds transfers (EFTs) are a great convenience; we can “set it and forget it.”  Bills paid by EFT adjust automatically to pay the specific amount due each month. But unless we remember to adjust our EFTs to Mount Olivet and other charities, inflation will erode the value of our gifts. An EFT set in 2019, and “forgotten” since then, is today worth only 81 percent of its 2019 value.

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Mark your calendar for a fall check-up of your gifts to Mount Olivet and other charities. The US Bureau of Labor Statistics has an easy-to-use calculator that can show you in an instant how to change your giving to adjust for inflation.