Giving should be a part of your financial plan. Even though you may not consider it as part of your plan, giving may be something you just naturally enjoy doing. For some of you, giving is something you receive so much joy and satisfaction from almost even to a fault! For instance, giving by putting groceries on a credit card for someone isn’t a gift.
If you’re giving to a charitable cause or offering a fancy birthday present for a buddy and then turning around to put your living expenses on a credit card, that’s not really a gift. You’ll soon discover that the present or gift you gave was paid for 2 to 3 more times than necessary when the bills start coming in. Having the heart to give and be generous is awesome, but not at the detriment of your own financial well-being.
“We make a living by what we get. We make a life by what we give.” – Winston S. Churchill
You need to be clever about how much you give in relationship to your household finances. If you feel the uncontrollable urge to give before you can get your own finances in check, with a little brainstorming, you can figure out how to be generous without money. There are so many ways you can give of your time that can be helpful until you’re able to give monetarily.
The main focus here is to get yourself to a place where you’ve set yourself up to consistently pay yourself first, get your debt under control or even eliminated, consistently saving to invest and to consistently be saving to give, with an uninhibited giving heart, without struggle or worry. It feels great to give and it feels even better when you’re able do it on a regular, care free basis!
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