You Get What You Give: Budget for Giving

Financial Freedom in 2021! Take Action: Day 23

We make a living by what we get. We make a life by what we give.

– Winston Churchill

Everyone knows that it’s better to give than to receive. Most people have aspirations to be charitable and sacrificial in their giving, but many times, a lack of funds gets in the way. When prioritizing saving, investing, tuition, insurance, and the other necessities of life, charitable giving often gets bumped out of the budget. So, how can giving become a priority as well?

Quotes about Giving and Generosity for Kids - InspireMyKids
15 Inspiring Quotes About Giving | SUCCESS

Start Small

If you find that it’s hard to include giving as a part of your budget, then start with a very small amount and make a plan to increase it each month. If you start with $10 in January by cutting out one lunch at the local deli and then increase it by $10 each month by eliminating one small thing from your spending, you will be able to give $120 in December to a charity or needy family around the holidays.

Include Giving in Your Annual Budget

In Take Action, Day 4, it was recommended that you create an annual budget before allotting the remaining balance to your monthly spending. Include Giving (as a percentage of your net income) in your annual budget. If you have a church or specific charity that you give to regularly, automate those payments during your budget planning.

Give Time

If you want to give sacrificially, but the money just isn’t available, give your skills, talents, and time. Set goals for how much time you’d like to volunteer each month and then plan to increase that each month. Consider offering a solution to an expensive problem a charity, religious organization, or neighbors in need may have, such as legal advice, building/home repairs, lawn service, or web design.

Support Local Business without Spending Frivolously

Share their posts. Take a picture in front of their shops and tag them on social media. On a small business day in Facebook groups, choose one friend’s business or a local restaurant to give a testimonial about each week. Offer your advice or skills to help their business grow.

Give Thoughtful (Yet Affordable) Gifts

Find ways to give thoughtful gifts to friends and family without spending much (or any) money. Shop your own home first for items you’ve bought and rarely or never used. Write out a thoughtful note and invite them to do an outdoor activity with you. Drop off food. Re-gift a gift card. Make a fun goody bag with snacks and small items. Get creative and DIY something. For more ideas, check out these meaningful gifts.

To take action today, make a list of skills or services you could offer to a church or charitable organization. Set a goal for the financial contributions you’d you’d like to make by the end of 2021 and to which organizations. Also, find a box and label it “Gifts for Others”. As you do spring cleaning, receive gifts you’ll likely not use, or find unbelievable deals on small, useful items, add them to the box. Then, when it’s time to get a gift for an upcoming birthday or special celebration, you’ll have an easy (and free) place to shop.

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