We work towards improving lives

We work towards improving lives

Thursday, 15 September 2011

Why should you donate to charity?

1. Charity donations are tax-deductible.

Sure, some portion of taxes go to helping those in need (welfare, disaster relief, etc.), but if we donate 1000rs, we get a large portion of that back if we list it as tax deductible. Suddenly your 1000rs donation is only 650rs. The point is to actually give the money away, remember?

2. Giving now is better than giving in the future.

It may seem like a small amount now, but a dollar today is worth more than a dollar tomorrow. Don’t wait until you’re super rich to give to charity. Your 100 rs now may have a larger impact on you now, but it also have a larger impact on the charity than if you waited 5 years to give that 100 rs, when inflation knocks that value down to about 85rs.

4. You really CAN make a difference.

SimplyGive is going to promote your money and it won’t be wasted and they won’t be spending it all on beer  instead it will go to someone who needs the help. Can you make any more of a difference than that?

5. You’re just going to blow it on something dumb anyway.

As pious as you are, there’s still extra money in your budget somewhere. Create a budget for charity donations, then some of your extra money (each month or each year) and donate it to charity. Use your spending money to make a difference instead of spending it on multiplexes (that costs 200 rs a ticket) or on restaurants that would just add to your calories. I am not saying don't spend something on yourself but think about it. Its doing the good deed that leaves you with satisfaction and not some dumb movie plot.

 And if you think you don’t have enough, take that extra 2% you’ll be earning next year and put that toward a charity fund.

6. You’ll help yourself at the same time.

Studies show that when individuals spend money on gifts for friends or charitable organizations, their happiness increases while those who spend on themselves get no such boost. Even Scrooge can agree that everyone wins.

7. If you don’t help now, you never will.

Don’t pretend that instead of giving money, you’re going to donate time. When was the last time you volunteered at the orphanage or at the disability clinic? Don’t let your mind fall for this trick. Send the money now or you’ll end up giving nothing.

8. Be a leader, not a follower.

Since other people don’t donate, you don’t want to either? If your friends know you’re giving to charity, they’ll be encouraged as well. And your friends are probably in credit card debt, too. Are you sure you want to follow their lead?

Readers, What do you think?  Should we be donating more or less this year?

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