Beyond the seemingly universal inclination we have towards donating to charity — or, more generally, to doing the right thing — why should we donate? What are some specific reasons why charity should be an important part of our lives? Merely thinking that charity is important is one thing, but it is crucial to bridge the gap between intention and action if we are to help those who are in need.
Help Others in Need
We don’t live in a perfect world, and there’s never going to be a perfect time to give—but there are always people out there in need of help. Whether interest rates are rising, the economy is in the doldrums, or even if you’re experiencing financial difficulties of your own, the reality is that when you donate your money, you help others who need it.
Bring More Meaning to Your Life
When you donate money to charity, you create opportunities to meet new people who believe in the same causes that inspire you. That, and making a real impact on those causes, can infuse your everyday life with more meaning. If you’ve been stuck in a rut, whether personally or professionally, sometimes the simple act of donating cash can do the trick and reinvigorate your life.
Promote Generosity in Your Children
When your kids see you donating money, they’re much more likely to adopt a giving mindset as they grow up.
Motivate Friends and Family
When you let your friends and family know of your charitable donations, they may find themselves more motivated to undertake their own efforts to give. It takes a village to address issues such as world poverty, scientific advancement, and early childhood education. Stoking passions in the folks around you is a very positive and tangible effect of your own giving.
Improve Personal Money Management
If you set a scheduled $100 donation each month for a particular charity, that can motivate you to be more attentive to your own finances in an effort to ensure you don’t default or fall behind in your monthly donations. Anything that gets you to pay closer attention to your bank account is a good thing—especially when it helps those in need.
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