How to Give This Season

December 5, 2008 RSS Feed Print
  • Comment (4)

As I was looking around for a good Christmas gift for my husband, I asked my co-worker Sara what she planned to buy her husband.

Not much, she told me, because they decided to put the money they would have spent on each other towards charity. Through the Alexandria Department of Human Services, they found a family in need of assistance and, along with some friends, are working on fulfilling that family’s wish list.

Her generosity got me thinking about my own level of giving and whether it’s enough. I usually donate money to charity when I’m moved by specific reasons or experiences: When my friend launched a micro-loan program in Madagascar, I sponsored one of the participants. After watching Slumdog Millionaire, I found a nonprofit that works with at-risk children in India and gave money online. 

But, like many people, I lack a coherent plan that ensures I give money regularly to the causes I feel most passionately about. Perhaps it’s because, like most people in their 20s and 30s, I don’t give through a church or other religious institution. A study by the Center on Philanthropy at Indiana University recently found that millennials and Generation X-ers are less likely to give for religious purposes than people born before 1945.

Whatever the method, it seems especially important to give this year, when so many people are in need. And giving doesn’t necessarily mean handing over cash, especially if you’re feeling strapped yourself. Volunteering at a hospital, making dinner for a sick person, or working in a soup kitchen are all ways to donate your resources.

If you’ve figured out how to make charity fit into your own life, please explain how and give advice to others (including me) who are trying to do the same.

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personal finance

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My wife and I used the book "Robin Hood Was Right" by Chuck Collins to figure out our giving plan. We each decide on our primary cause which we try to stick with for yeras, and then decide on a total budget for the given year. We give a third to her cause, a third to mine, and divide up the remaining third to give smaller amounts to all the non-profits we directly benefit from (our alma-maters, NPR, etc). That way we maximize our impact on the core issues we see in making a better world, while also supporting the groups doing work for us.

Happy Holidays!

Ned of WA 12:17PM December 10, 2008

One idea I recently heard suggested giving to charity the same amount you spend on gifts. I thought this was a great idea, and it helps keep my family focused on what's really important. We also give 50% of the money we make from our personal finance blog, which also helps keep life in perspective.

DR of VA 9:01AM December 07, 2008

Wow I love this Aryn - thank you! That is what the holiday spirit is all about.

Kimberly Palmer of 11:41PM December 05, 2008

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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