For some of us, giving is something we receive so much joy and satisfaction from almost even to a fault! Giving and putting groceries on a credit card for someone isn’t a gift. If we’re giving to a charitable cause or a fancy birthday present for a buddy and after that turning around to put our living expenses on a credit card, that’s not really a gift. We’ll soon discover that the present we gave was paid for 2 to 3 more times than necessary when the bills start coming in. We need to be clever about how much we give in relationship to our household finances. If we feel the uncontrollable urge to give before we can get our own finances in check, with a little brainstorming we can determine how to be generous without money. The main focus here is to get ourselves to a place where we’ve set ourselves up to consistently pay ourselves first, get our 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.
Do You Save to Give?
Once you’ve reached the point of saving to give, like with any other point of saving, start with what we can. Whatever way works best for your individual situation and/or strategy. You might hear of preferred or recommended ways of doing this, but there is no “right way” and the only “wrong way” would be to do nothing at all. So with that being said, be creative and start with what works for you.
As an example, start with 1% of your gross pay or 3% of your take home pay, $10 per week or $100 per month…whatever works for your situation, it’s a starting point that counts. From there you can and should increase what you save to give as your financial health improves. So as the percentage of your income increases, you would increase the amount that you save.
“We make a living by what we get. We make a life by what we give.” – Winston S. Churchill
This is the beauty of Financeology, there’s no one size fits all! Mix and match strategies and ideas to find the way that works with your individual thoughts and situations. Personality and comfort levels play a big part on how fast or slow you reach your financial goals. Speed is not as important as progress, with progress as the main objective.
Taking the steps to improve your financial well-being, start saving to give when you can and what you can, to help as many people as possible, is one of the most gratifying things you can do in your journey toward financial freedom! So no matter what strategy you use or how long it takes you to get there, saving to give and being generous should always be a part of that plan.
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