How to Save for Charity
Now that we’re through discussing scrimping and saving for ourselves, let’s discuss about saving for other people. If you have more than enough and would like to give to others, that’s great. However, that doesn’t mean you’ll shell out everything you have and give them all. For ordinary people, even giving to charities should be planned. If you do indeed what to give to charitable institutions, the money doesn’t exactly have to come from your living expenses. You can always find ways to save a little spare cash which you can then donate later. Here are some suggestions:
1. Keep a Piggy Bank
Yes yes, go on, laugh at it. However, saving spare change, I swear, could make a difference. My mother saved pennies on two big empty bottles some time ago and was able to save up to $200 which she will be giving to charity next month. It might not be anything big, but that $200 is just loose change she might have spent on something useless like candies. Just make sure you don’t get tempted to spend the money for your own unless you really need it.
2. Set Aside a Part of Your Income
If you have a vice or luxury you want to get rid of, this is a perfect way to help curb it. Determine how much of your monthly income you spend for your vice or luxury. This time, set aside that amount for charity. PRETEND (and believe) you have used the money for that purpose so you don’t get tempted to spend more. It’s all up to you to discipline yourself.
3. Ask another Person to Save For You
If you have someone you can trust (preferably not a part of your household), ask that person to keep a part of your income for you. That way, you’ll have no immediate access to the money.
Filed under: personal finance
