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Charity and Personal Finance

Many experts in personal finance when they indicate in a budget the advisable amounts for expenses, savings and investment also include a percentage of money destined for charity.

Charity, in fact altruism in general, is a very difficult concept to explain in a general sense. In my experience I often find people who have an innate understanding of why they dedicate some money to help others and others who do not see a benefit in doing this and are likely to put on a gesture of indifference.

So it is best to explain in detail why I think it is a good idea to allocate a percentage of your income to charity .

 

The Benefits of Charity

Charitable donations are a direct reflection of your values ​​and perspectives

Charitable donations

Every time you donate money you are contributing to society. And it doesn’t have to be money directly. If you want to see that the homeless in your city have food available, you can donate food to a food bank. Surely there is something that you think is important enough to “scratch your pocket.”

 

Help others better your self-esteem in many ways

Help others better your self-esteem in many ways

Once you have donated something to a charity in which you really believe you feel good about it. The help you give to other people combined with those of others can actually achieve a global improvement in the world for everyone. That is not something you can achieve by buying a latest model TV.

 

Charitable donations have indirect benefits

Charitable donations have indirect benefits

This type of aid always comes back. Help and they will help you when you need it.

If your personal finances are healthy and you have a constant flow of savings every month, allocating some of that money to charity improves everyone’s global life. You make society as a whole improve and that indirectly is a benefit for you.

One last comment I don’t think, as many people think, that giving money or not to charity is a sign of being a good person or not. I know that some wonderful people don’t give money to charities and other people that I don’t trust anything if they do.

You should give money to a charity if you really believe that it is the right thing and that it will produce an improvement for everyone. If you don’t feel well, don’t give.

In short, even if you don’t donate any income to charity right now or you don’t see the meaning, don’t close your mind or your heart to this idea. You never know when you can change your mind.

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