Spending for Change: 5 Ways to Show your PRIDE Year-Round

  • June 6, 2023
  • By: Tara Spicer
  • Tara Spicer is a writer for GreenPath Financial Wellness, covering everything from budgeting best practices to financial literacy for families. A former book editor and University of Michigan alum, she divides her time between the page and parenting in Seattle, Washington.

KEY TAKEAWAYS

  • While June is Pride month, support and advocacy are important year-round.
  • One way to support the LGBTQ+ community is spending your money mindfully.
  • Donating to nonprofit organizations, shopping at LGBTQ+ businesses, and supporting crowdfunding campaigns are just a few ways to spend with pride.
GreenPath Team

1. Donate to organizations.

There are many LGBTQ+ nonprofits and organizations you can support during the month of June and beyond (and if you don’t have much room in your budget now, that’s okay! Bookmark this link and consider revisiting this resource in the coming months.) These organizations advocate for LGBTQ+ rights and elevate fair and equitable policy in both private and public sectors. Particularly this year, donations to these organizations can make a huge impact on those negatively impacted by recent legislative changes. Even small one-time donations or automatic deposits help sustain these organizations and their mission. Less than 1% of site visitors to Charity Navigator (which we shared above) decide to contribute so any amount is a good amount.

2. Shop at LGBTQ+-owned businesses.

If donating isn’t financially feasible for your budget, consider supporting LGBTQ+ business in your everyday food and shopping purchases. Visiting these shops, restaurants, and cafes is an effective way to promote economic empowerment within your community, and you can make these establishments your go-to choices when making purchases, be it for goods or services. Not sure where to find this information? Many Yelp listings include the “LGBTQ-owned” search modifier, and you can also connect with your local chamber of commerce or the National LGBT Chamber of Commerce which provides a handy statewide map.

3. Make Pride purchases count.

Many businesses and brands that sell everything from clothing to beauty products to watches have product partnerships with LGBTQ+ groups. We’ve included The Trevor Project as just one example here. If you’re shopping for Pride merchandise this month or anytime, be mindful that optics aren’t everything. Some retailers sell Pride-centric merchandise while pocketing the profits. Whether it’s reading a company mission page or making a direct inquiry, it’s worth knowing that your dollars are funding more than just fashion.

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GreenPath counselors can help you set up a spending plan. Call today to speak with an expert for free.

4. Contribute to crowdfunding campaigns.

Crowdfunding platforms provide opportunities to directly support individuals who may be facing particularly difficult or dangerous situations and initiatives that support equality within the LGBTQ+ community. From supporting housing development efforts or critical healthcare services to helping small business owners keep their doors open during financial hardship, small contributions can have big reverb when combined with others. Popular platforms like GoFundMe have search filters that allow you to contribute to causes that resonate with you.

5. Invest in an inclusive stock portfolio.

For individuals who are financially able to contribute to a retirement fund now or in the coming months, consider investing in LGBTQ+ focused stock indexes or mutual funds. These investment options specifically select companies that demonstrate a commitment to inclusion and equality. The Human Rights Campaign’s Corporate Equality Index, released each year, provides a useful look at which companies are topping the list when it comes to prioritizing LGBTQ+ inclusion.

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ABOUT THE AUTHOR

Tara Spicer (She/Her)

Tara Spicer is a writer for GreenPath Financial Wellness, covering everything from budgeting best practices to financial literacy for families. A former book editor and University of Michigan alum, she divides her time between the page and parenting in Seattle, Washington.

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Happy Pride Month

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author profile photo
Tara Spicer

Tara Spicer is a writer for GreenPath Financial Wellness, covering everything from budgeting best practices to financial literacy for families. A former book editor and University of Michigan alum, she divides her time between the page and parenting in Seattle, Washington.