Daffy, a not-for-profit community built around a modern platform for giving, is led by CEO and co-founder Adam Nash. Nash, who has taught “Personal Finance for Engineers” at Stanford and has held leadership roles at Wealthfront and Dropbox, is well-versed in the complexities of the financial world.
In a recent episode, Nash addressed the question: "Are wages and salaries going up as much as prices are?" His answer, unfortunately, was no. He explained that while prices can change rapidly, wages tend to be sticky, meaning they don't adjust as quickly. This is due to companies typically only adjusting wages once or twice a year, creating a lag effect between when inflation happens and when wages get adjusted.
But don't despair. Daffy is here to help you navigate these financial challenges. As a Donor Advised Fund (DAF), Daffy allows you to easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
With Daffy, you can simplify your giving while also having access to expert financial advice from industry leaders like Nash. Whether you're looking to save, invest, or give, Daffy is a great option for a DAF.
Remember, the information provided by Daffy is for educational purposes only and should not be considered tax advice. Always consult with a tax professional to assess your specific tax situation.
So why not try Daffy for free today? With no membership fees for members with less than $100 in their fund, there's no reason not to get started. And don't forget to download the Daffy app for easy access to your account and financial resources.
In a world where wages aren't keeping up with inflation, it's more important than ever to have a financial strategy. Let Daffy be a part of yours.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.