Generosity is a virtue that is highly encouraged nowadays to face society's problems. A study published in Nature Communications magazine proved that more generous people, who make donations, report an increase in their level of happiness and personal fulfillment. However, it is not always that philanthropy occupies a space in people's financial planning.
How to include donations in your fixed expenses
Of course, it is necessary to understand that many people are not in a position to contribute to the causes they believe in, even if they want to. But, if you already have the privilege of financial stability and can contribute to the socio-environmental development of our country, how about setting aside a line in your spreadsheet or fixed expense planning to donate?
And, if you think that only those who have a lot of money to spare can contribute to a cause they believe in, it's time to abandon that belief. It is essential to keep in mind that each person donates as much as they can and that each amount donated is vital to building a better future for society and for NGOs that work for positive impact. Therefore, the keyword is financial planning. It is through it that we can allocate resources to causes and organizations we believe in without surprises at the end of the month.
Plan to always donate: 4 essential steps
1 - It may seem obvious, but it is very important that you are aware of your income and understand what your mandatory expenses are (such as rent, food, bills, etc.). Furthermore, an emergency fund is essential so that, in times of crisis, you do not have as much impact on your financial life. To complete the first stage, you must also impose a spending limit to stay up to date with your bills and donations.
two - Know the organization you will donate to. Choose a cause that is compatible with your values and what you believe in. This way, it is easier for you to connect with the actions that your money will provide. Furthermore, you will understand what the institution's main needs are and define what amount is comfortable for you to contribute.
It is important to keep in mind that organizations have both one-off and fixed expenses. Therefore, when you commit to donating monthly, you allow for more efficient planning and better targeting of donations towards short and long-term solutions.
3 – With your budget and causes planned, it’s time to make the donation. And this process should be done, preferably, at the beginning of the month. And this is for a very simple reason: if you expect to have leftovers at the end of the month, it will be more difficult for you to donate. The most efficient thing in these cases is to program it on your credit or automatic debit card so that, in addition to never forgetting, you no longer count on having that money throughout the month.
4 – And finally, the best part: enjoy your donation! It's not just about money, when you see the impacts that your attitude generates, you feel part of that action and it connects you with your human side. Contributing to important causes for the development of society is beneficial for both those who receive and those who donate. So, follow the work of these organizations and share with your friends and family the good you do!
If you want to start donating to different causes, how about support Sitawi ? Here we share so much in our site as in Instagram and LinkedIn how our donors' money is positively impacting society and the environment. Join us in this movement!