JW’s Financial Coaching Podcast Lesson #109-Ways to become a better giver

  • If giving isn’t a priority, it isn’t going to happen
  • We won’t give unless we are first content with what we currently have
  • How to become a giver year round
  • Why giving works best when the money is set aside to do it
  • Quote of the lesson from Anne Frank

The JW’s Financial Coaching Podcast_109

I think giving is something we’d all like to do a better job of, but usually don’t. There are a lot of reasons for that but today’s lesson is about encouraging us to become better givers.

Because let’s face it, when was the last time you gave and didn’t enjoy it? I think when we truly give money, not out of obligation or of guilt, it is one of the best things we can do with our money.

Then how come we don’t give as much as we’d like to? Today we’re going to discuss four ways to become a better giver. Now normally when we talk about giving, we’re talking more than just money, but today we’re talking about money.

The good news is that anyone can give! There isn’t a certain income threshold that prevents us from giving. Of course the more you make, the more you can potentially give, but don’t let a certain dollar amount prevent you from becoming a giver.

Being thankful for what you got

We won’t give unless we are first content with what we currently have. Sometimes we forget that we have so much and instead compare ourselves to what we don’t have.

But the mindset of being content means we free ourselves to give. Being discontent holds us back a lot of time with giving. I think that’s because we fee like we’re missing out on something if we give. But when we are in a state of thankfulness and contentment, we’re able to give without worries.

Doing it the whole year

When we think of giving most of the time it is around the Christmas season. There’s nothing wrong with giving at Christmas, but if that is the only time we give, I think we’re missing out.

Lisa and I have personally found that we give more when we do it consistently through the year. It builds up that giving muscle of discipline and giving has now become something that would crush us if we had to give it up.

Budget for it

Giving works best when you set aside the money to do it. When I coach people the first thing I have them do with their budget, after taking care of the four walls, is to put an amount in the giving section.

Putting giving in the budget works a lot better until waiting towards the end of the month and giving what is left over. That is because when you budget giving you are making it a true priority.

If you don’t have much to give, still budget for it. What if you are someone who likes to give more spontaneously based on need? No worries, you can still budget for that. Lisa and I did that last year and it has been a blast to give when needs arise.

Visit a place you want to help

Finally to help encourage your giving, I suggest visiting or volunteering to help causes that you are giving to or want to give to. For example if you want to give to your place or worship such as a church or synagogue, go ahead and plan a visit. Or if you are interested in a inner city or homeless program, make a trip down there.

By visiting and seeing what your money is actually doing and how it is helping your cause or impacting lives, that will be enough motivation to keep giving. Which will ultimately leave you to become a bigger giver and leave a bigger impact.

Today’s quote of the lesson is brought to you by Podbean. To

“No one has ever become poor from giving” Anne Frank

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