Giving is a Planning Opportunity Too

Hi blog readers! Let's talk about something that's sometimes overlooked when it comes to budgeting - giving. Giving is often associated with large donations to charities, but it can be more casual too. For example, there may be friends or family members that you help out from time to time. 

I suggest including your giving plans in your budget. There are actually quite a few benefits to doing so!

So, how can you plan for giving? 

You can treat giving as its own category in your budget, just like you would with bills or savings. By allocating a certain amount specifically for gifting, you can give without feeling guilty. I think it's great when people put others first, but it's also important to prioritize your financial future. By planning for your giving, you can avoid putting yourself in a difficult situation where you have to choose between say paying your mortgage or helping someone else. It's all about finding that balance.

Plus, by keeping track of your spending, you can ensure that you always know how much you have available to offer. For example, if you've set aside $500 a month for giving and have already given $300 this month, you still have $200 left to give before reaching your limit. What's great is that if you don't spend the full amount in a given month, you can save it up for a bigger gift later on. Remember, it's all about being flexible and making your giving count.

Just a friendly reminder that it's okay to set boundaries and say no when needed. We all have our limits, and that's okay. So go ahead and include giving in your budget, and enjoy the joy of supporting causes and people you care about without worrying about your financial well-being.

✨Managing money like a boss is all about being mindful and purposeful. It's important to be considerate of others, but not at the cost of neglecting your own needs.✨