It’s science, really. People want to give, and often feel better when they do. While we believe anyone who wants to can donate a personally meaningful amount without compromising their finances, it isn’t always clear how. So if you want to learn how to include donations or meaningful giving in your financial plan, this guide is for you!
(Look for the 📝 to see scripts on how to apply each step to your unique situation!)
To help determine what exactly you care about, think about three guiding questions:
📝 I personally care about/want to help __________________ because __________________________.
Now that you know why you want to give, find an organization that is aligned with your selected values. Some options include charitable organizations, non-profits, a faith community, or mutual aid efforts in your community. There is no “right” answer here because all the above are worthy in their own ways. The key is to find a group you trust. Be sure to research charities on sites like Charity Navigator or the Charities Review Council. Additionally, GiveMN is a central hub for Minnesota non-profits, and you can find many organizations (like ours) there.
📝 I want to support ______________________ because _____________________________.
e.g., I want to support Exodus Lending because their work aligns with my passion for economic justice.
Be as specific as possible with your giving plan, but be sure whatever amount you choose will not derail your financial wellbeing. For example, if you use the 50/30/20 method of budgeting, this amount should be within your “wants” category.
Here are some strategies to make space in your budget for donations.
📝 I want to contribute $ _______ every ____________. My plan is to ________________________.
e.g., I want to contribute $10 every month. My plan is to swap one of my streaming services for this gift instead.
Generosity is a mindset, not a dollar amount, and there are countless ways to give.
Money Management E-Newsletter: November 2021