345. Charity

Give to charity. Give wisely. Pick charities that are important to you and support them. A part of all you earn is yours to give away to charity. You should allocate your income as follows : -

Income %
€100

Full 100
Tax 30
Debt 30
Expenses 21
Savings 9
Charity 10
Investment 9

When you give to charity you should give 10%. This is one tenth. The meaning of the word "tithe" is to give 10%.

Give to your charities with an open heart. Give gladly. Do not resent your gift. Operating on this basis, be careful about where you choose to give. Everywhere there are people who have plans for your money. It is yours until you give it and only you have the right to plan for its use.

Everywhere there are "charities" that spend more on administration than on the causes they claim to support. You should be clear in your mind that this is nothing more than exploitation of the cause for the benefit of the organisers and is nothing short of fraud. Have nothing to do with these organisations.

Another form of exploitation is the phenomenon of "chuggers". This is a portmanteau word made up of the "ch" in charity and the "uggers" in muggers. It is the practice of mugging people on the street for charity. When you put money in a collection box you have no guarantee that the person holding it will ever return the money to the cause. Avoid them like the plague that they are.

When choosing a charity to support, do not be swayed by emotional appeals. Check out the bona fides of the charity and only give if the money is going to the cause and not the organisation. Demand to see their latest audited accounts before you give and only give if you are satisfied.

Build giving to charity into your budget. That way, at the start of each year you will know how much you intend to give and when you intend to give it and to which charity. Then you have made the decision once and for all and can forget about it until you are preparing your budget for next year. This is basically a mind-clearing sytem. Do not entertain appeals for anything else during the year (but keep the appeals on file for your next budget.) If you wish, you can budget for emergencies like floods, volcanoes etc. and keep money in a fund for that, earning interest.