You should consider donating to charity even if your financial situation is not so great. You might be surprised to learn that giving has great rewards for you too. Here are some advantages of donating to charity:
Experience more pleasure
An experiment conducted by the National Institutes of Health showed that people who donate enjoy activation of the pleasure centers in their brains. Although this was a controlled experiment, it proved that donating money could make you feel better. Everyone needs to feel better all the time and if donating helps, you should do it.
Help people in need
We do not live in a perfect world and there will never be a perfect time to give. However, there will always be people who need help. According to MERS Goodwill, “We may feel like our actions can’t change the world, but one small act of kindness can change someone’s life for the better.” Whether the economy is in despair or the rates of interest are rising, we should always donate to charities and help individuals who are in need.
Get a tax deduction
When you give money to a charity that the IRS approves of, you can get a tax deduction. However, some restrictions apply, so you should visit the IRS website to learn more. If you want to reduce the amount of tax that you pay, you should donate to charity.
Give your life meaning
When you give money to charity, you create many opportunities for meeting new people who have the same beliefs as you. Meeting these people and donating to needy ones can infuse your life with purpose.
Have you been stuck in a rut? Whether you are in a professional or personal rut, the effortless act of donating can reinvigorate you and make you more active.
Encourage your children to give
When kids see you donating to a noble cause, they will learn that giving is good. If your kids develop a benevolent mindset early on, they will grow into responsible and caring adults. Do you want your kids to grow up to be mindful of other people’s struggles? You should lead by example.
Motivate your family and friends
When you inform friends and family about your charitable deeds, they might feel motivated to give. It takes a large group of people to address issues of hunger, poverty, and early childhood education, so you should take pride in motivating your close allies.
Fuelling passion in people around you will have a positive and solid effect on your philanthropy.
Every little bit helps
You do not need to have a hefty salary to make a difference in another person’s life. In most developing countries, a few dollars can make a big difference and feed a starving family for weeks. Moreover, your money can also provide much-needed medical attention and improve the learning conditions in schools.
This means that you should not think about your donation in terms of the American economy; your money can do a lot more in other parts of the world.
Improve your money management
If you donate 100 dollars each month to charity, you might feel motivated to be attentive to your own finances so that you do not fall back on your donations. If donating helps you to pay close attention to your personal finances, then you are onto something.
If you cannot volunteer, give
If you are too busy to give your time to a needy charity, you should give money. Maybe your personal schedule doesn’t leave you with enough time to volunteer? You can still help people by donating. You can demonstrate your willingness to help others by writing a check.
The cause that you donate to does not matter, as long as it is something you deeply care about.