Often, you’ll be advised to spend time each day being grateful for what you have. One reason for that is that you’ll also feel compassion for others, and perhaps feel like giving (or sharing) some of what you have with others.
Alexandria Blaelock, author of Holistic Personal Finance: How to pay for the life you want argues “When you make provision for giving, you reassure yourself you have enough to share and give yourself the opportunity to become more than you are.”
Here are Blaelock’s tips for giving (or sharing):
- What: Most commonly money, but you could also give your time, physical strength, or intellect. Also food, clothes, furniture, and other ephemeral items that can be sold or used by others.
- When: Anytime, but if you give when you feel poor, you’ll receive the added benefit of feeling like a more worthwhile person, deserving of any tax benefits you might receive.
- How: Intentionally, with full awareness of possible ramifications for yourself and others. For example, the impact giving might have on your personal relationship with those who might find it hard to accept your gift with dignity.
- How Much: Not more than you can afford, but enough to make it feel worthwhile – many groups recommend amounts ranging from 10% of your income to 1% of your net wealth. Choose what feels right to you, and change it as your circumstances change
- Who to Share With: Choose organisations that support your values, and who will use the bulk of the funds you donate for service provision rather than executive salaries or administration costs.
Alexandria’s tips on giving (or sharing) will help you feel more connected with others, and that you’re making a difference in the world.
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