While many people like to think that they’d give money to charity if they only earned a little more each month, the truth is that the majority of people will struggle to donate to the causes they truly care about.
Either they simply forget about those causes over time, or they can’t quite justify giving their money away when they don’t see any tangible returns as a result. However, the truth is that donating to charity can have a huge impact on the world that we live in.
Millions of people around the world give to charity on a regular basis, because they know that every donation – no matter how small, can make a world of difference. Here are just some of the reasons why it’s so important for everyone to consider giving a little more to charity.
1. Giving Feels Good
Perhaps the best reason to give money to charity – besides the fact that it helps to support a cause you care about – is that giving feels good. Donating to charity can seriously boost a person’s mood, because it means that they’re helping others to accomplish incredible things. In fact, research into altruism has found a definitive link between making a donation and increased activity in the part of the brain that registers pleasure.
2. Donations Strengthen Personal Values
People give to charity for a range of different reasons. The most common reason to give is caring about a particular cause. However, there’s also a voice in most people’s head that tells them they should be giving something back to the community they live in. The truth is that we all have the power to improve the lives of others.
Even people who can’t afford to donate can support charities by giving their time and raising funds in their own unique way. Donating to charity can help to make people a better version of themselves, by strengthening their moral code.
3. Giving Sets a Good Example
Another reason why giving to charity is so important, is that it sets a good example to future generations. When children see their parents and siblings giving something back, they learn an important habit of generosity as they begin to grow up.
Children naturally love helping others, so nurturing this innate sense of giving is a great way for today’s adults to nourish a new generation of people who are more supportive to their fellow man.
4. There are Tax Deductions for Giving
While the best reason to give often isn’t to get something back in return – it’s worth noting that that people can earn tax deductions when they donate to a charity approved by the IRS. However, there are certain restrictions to keep in mind here.
For instance, donators should check to make sure that the charity they’re donating to is actually IRS approved before they start claiming the money they give on their tax returns.
5. Improve Money Management
Finally, giving to charity can be a great way for some people to improve their money management abilities. After all, if someone knows that they’re going to be scheduling a donation for $50 a month to a particular charity, they’ll push themselves to be more attentive when checking their own finances. This can make it easier to reduce spending and improve budgeting.