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On the other hand, it's easy to "cook the books" by classifying expenses as essential in your own mind. Or rather, most people (especially the sorts of relative
by thinkharderdev 6y ago
On the other hand, it's easy to "cook the books" by classifying expenses as essential in your own mind. Or rather, most people (especially the sorts of relatively affluent people who could realistically give 10% of their income to charity) don't really budget that concretely. They just sort of have a lump of money left after paying basic expenses and then spend it on whatever strikes their fancy.
Making a commitment up front to donate 10% just creates a situation in which its not any sort of conscious decision to give $X to charity. You just operate as if your taxes were 10% higher or your income is 10% lower and go from there.
- charityanon 6y agoJewish tradition says to give from 10%-20%. I have been giving 20% for the last few years and that is exactly how it works. The first thing I do when receiving my paycheck is putting 1/5 into a separate account which must be used for charity. It is anyhow all accounted for with monthly donations to various charities. I find it to be incredibly empowering personally, as I can support the charities I choose without agonizing over each donation. I already made that commitment a few years ago. WRT income, I am thankfully able to afford my lifestyle, but I currently earn 5 digits a year and always have (I am still young). I don't regret a penny I gave.