One of the hardest things for many to do is not to give generously when confronted with someone in need. There are usually tons of stories on the news now about people who are losing their homes or children not getting enough to eat. It may take all your will power to keep you from opening your wallet and donating everything you can from all these causes, but what would that do to you? I know that I sometimes have to do a double check when I hear a sad story. The bad thing is that I am also on a budget so how do you help while also not losing your shirt?
Many people give 10% of their income to their churches or various charities. If that is something that can be afforded, I think that’s great. The persistent lagging economy has really cut donations to several charities, and it is just not possible for a lot of people. Money is generally the most needed thing in a non-profit company but it is not the only thing you can donate. You could also donate cans to your local food bank or even volunteer your time to your favorite charity. Additionally, many
non-profits are in desperate need of items that help with administration costs such as the donation of paper, pens, and other office supplies. Many of us have extra of these items lying around anyway. Why not donate them to a good cause?
This is a topic that is very personal to me because I have given lots of money over the years even at times when I really needed it. It was once very hard for me to say no to others. I was raised with the mentality that you should help everyone you can, but that was the problem. I was helping others before I helped myself. I have helped those who needed funds and sometimes they did not even appreciate it. I soon realized that I had to give up buying expensive gifts and then putting them on the credit card. I had to stop opening my wallet when I heard a sob story from people I sometimes only barely knew. I now allocate a set amount for donations to some of the charities that I believe in most and that have shown a proven track record with spending effectively. I also have donated my time fostering dogs from the local shelter as a way of helping out. When I get completely out of debt, I can donate more of my money to charity, but I must take care of my own before I can do t
I have seen so many kind-hearted people put themselves in harm’s way just to help out another person. The only bad thing is if you keep doing this than you run the big risk of putting yourself in financial ruin. Financial ruin means you couldn’t help anyone out for a very long time. This can be very difficult but knowing when to say no is just as important to your financial well being as budgeting. When you can, please donate but until then, make sure you and your family are covered economically.