Note from Bob: I love Jason’s idea in this article. Linda and I took a similar approach by budgeting for giving and it has allowed us to give more and have so much more fun doing it! I highly recommend adding a budgeting category for miscellaneous giving.
You’re out to eat with your loved one and you two strike up a conversation with the server. You come to find out that she’s a single mom, works two jobs to make ends meet, and is trying to go to school so she can get ahead.
Your heart goes out to her, but what do you do? You’d love to help, but your budget is so tight that you can’t afford to. You leave the restaurant hoping that she “makes it.”
Now imagine if you had $25, $50, or even $100 extra for the month that was set aside specifically for times just like this where you spot a need and would like to help financially. Imagine the feeling you’d get when you plop down an extra $25 for the tip with a note that says, “We’re praying for you!”
Here are a few things to think about when building generosity into your budget.
Build a Budget First!
Do I need to expand here? In order to have generosity in your budget, you would first need to start building a budget!
This is the equivalent of your tithe. The point isn’t, “You must give 10%” – the point is that you have a specific percentage planned out and is given to your local church first. How much should you tithe or give? That’s a good question.
More importantly, planned giving means you’re doing this regularly and faithfully.
This is also helpful with the budget because you know exactly what’s going out for your giving every month. You can count on it in the budget.
Going Above and Beyond
So you have a planned amount you are giving to your church, now it’s time to work generosity money into the budget.
What this means is you have an amount each month that allows you to be a blessing to others from a financial standpoint.
It doesn’t have to be a large amount. The challenge is finding that figure and sticking to it. This money should be a non-negotiable (just like you’d treat your savings).
If you hear of a coworker struggling to meet bills this month because of some unforeseen circumstances, now you’re able to help.
Get a card, write a quick note – leave it anonymously if you want and slip the card on their desk.
Agree on the Details
This is extremely important. If you’re married, you should work out the details with your spouse. Both of you should be on the same page.
If you’re not, then one of you will end up being upset thinking that money should go elsewhere.
It doens’t have to be a lot. Just make sure you set the rules. Here are some guidelines my wife and I follow:
- Set an amount – we decided on an amount up front and both of us get the same amount.
- Use it in that month – the money must be used in that particular month (this keeps us active in looking for opportunities).
- Autonomy – we are not allowed to tell each other whom to give to or what to use the money for – we each make our own decisions.
The Benefits Far Outweigh the “Cost”
My wife and I have found a tremendous amount of joy in doing our giving this way.
The feeling you get when you’ve helped someone, or given them a gift unexpectedly is a great feeling! Plus, I believe that you are storing up treasure in Heaven when you do these types of things.
Sounds Good, But Who Do We Give To?
Here are a few examples of things you can do:
- Grocery gift cards for a family who just lost their jobs
- Gas cards for single moms trying to make ends meet
- Leave an extra tip for a server
- Support local charities that are doing good things in the community
Now it’s your turn . . . what are some things you have done or would like to do with your budgeted generosity money? Leave a comment!
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