May 2007 Weddings
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? re: Charitable Giving

I play on money matters a lot and it seems like everytime someone posts a budget people responde "What about your charitable giving?" or "You should give x% of your income to charity" or something along those lines.

I'm not saying that we shouldn't give to charity.  But I don't sit around and do my budget to include what I am going to give to charity because I don't like to put a set amount on what I'm going to give (some years I give more than others but, in general, my firm does all my charitable giving - it comes out of my entitlement for the year so I only give above what the partners and I decide to give, out of my draws, when I see fit - like for Paula's walk). 

SO I guess my question is, do you give a specific percentage of your income to charity?  Do you think everyone should?

Re: ? re: Charitable Giving

  • My company is very involved with the United Way, I normally have a set amount of money taken out of my check each week (this year was less than other years b/c I knew I had the chance of losing of my job), I choose which charity receives my money, this year it was the March of Dimes, I feel very lucky to have been blessed with a healthly child.

    That's the only thing I have "alloted" we give throughout the year to other organizations also.

  • We do not budget this in, mostly because we don't give to many charities throughout the year.  (We donate if someone is doing something, like a charity walk and asks us or mentions it.  I refuse to donate to the people who just randomly call me - I don't know them from Adam and it could be a scam.)

  • I don't set aside a certain amount of my salary for charitable donations...but this year I did sit down and decide which charities I would be donating to and how much (based on knowing friends and family participating in events every year, like Paula's walk).
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  • We don't budget for it but we do give $ to various charitires throughout the year as well as donating clothes and shoes to Goodwill.
  • at this point in my life I am my own charity, I've got two little boys to raise and although i know how importaint it is to give it's not in the budget. I do give to a lot of the local kids groups, usually when they do fund raisers, i'll pay twice as much to have a 10 year old do a half ass job to wash my car because I know the money is going to a good cause, I also sponsor a couple of my friends for breast cancer / ms walks every year. so no it's not in the budget but we do give.
  • No, we don't.  We give what we want to give.  For us, and this is just our opinion (me and mh), setting a dollar amount takes away the personal side of it.  We never know what is going to happen in a year and we give to different things and give different amounts. 
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  • Ok, I'm glad I'm not the only one who doesn't think they "have" to set forth X amount each month/year to give.  It's not that I don't give (I do - a lot), I just would rather do it when I realize that it's the right time to do it (such as when my uncle died of cancer - the American Cancer Society got a huge donation - which I might not have done if I had budgeted my donations).
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