Rich Enough For Charity

Dec 18, 2012 Comments Off by

Being charitable is an important value to me. I regularly give to charity in order to make my world a better place.

Deciding how much and when to give was more difficult to achieve, especially when I was a student. My issue was that I always had an excuse not to give. I either had student debt or was saving for a house. I soon realized that every year would present itself with a new excuse on why I didn’t have the budget line for charity. This is when I realized I would need to change my strategy.

So at what point do you decide when you are rich enough to give to charity? There will always be something you want to save up for or debt to repay.

So many people I meet claim they have no money to give to charity because they are too poor or have too much debt. They say this while smoking their cigarette or bringing home their new big ass tv. Clearly, they are not lacking disposable income even though they claim of being broke.

My turning point for giving to charity was when I realized that I could afford cable TV. I had just finished paying my credit cards and student loans off and was then in a position to justify cable for $40-60/mo. Cable doesn’t add much value to my life but helping a third world community or advancing medicine does add more value to someone else’s life. This is when I decided to route my monthly cable budget towards a charity and have been pleased with my decision ever since. Next time that I contemplate adding another luxury to my life, I will think first if someone else can value my dollars more than I can.

Charity giving should be balanced with sharing your luxury budget with others because we are so fortunate to have what we want.

Charity, Debt, Lifestyle

About the author

Clara Cannes, the chief author from Goldeneer is a Canadian that works as a full time employee in the engineering field. Her passion is real estate, entrepreneurship and sustainability. Clara has finally reached financial independence in her late 20's and is on the path to a comfortable retirement by 35.
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