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Give Yourself the Chance to Give

By Erik Folgate

The reason that I am so passionate about being financially wise about money is not so that I can hold onto all of it until the day that I die.  Someone who does that is foolish.  A wise, sensible person will do three things with money according to Dave Ramsey, “Save it, Have Fun with it, and Give it”. 

We have no problems at ALL having fun with money, we have a decent problem with saving money, but we have a HUGE problem with giving money.  And this is not because people are greedy.  In fact, most people are not greedy.  The problem is that they do not set themselves up to be in a position to give.

The only way to put yourself into a position to give is by gaining control of your finances.  You must keep a monthly budget, get out of debt and stay out of debt, pay cash for cars and household items, save more than you spend, and invest your money wisely.  I have met very few people whom live paycheck to paycheck that are excited and motivate to give away their money.  This is because we must put food on the table for our family before we are able to begin to think about giving to others. 

As college students, recent graduates, and young people in your late twenties and early thirties, it is important to set money aside in your budget to give.  Even if it is just $20 a month, it will make a difference.  If you belong to a certain faith, give to your church monthly.  Pick out a widowed woman or single mother struggling and send her an anonymous money order.  Sponsor an underprivileged child for a monthly fee.  If you are in college or straight out of college and your budget is too tight to give money, please do not be discouraged!  There are plenty of ways to give your time and efforts to others!  Volunteer in your community or offer to tutor high schoolers for free once a month.  Here are a list of websites that I recommend for giving . . .

World Vision

American Red Cross

Charity Navigator this website is a great guide for finding the charity that best fits your passions sorted by category or region. 

For Christians:

Gospel for Asia

Focus On The Family

Crossroads Ministries


Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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