If you have decided to donate monthly to a charity of your choice, you may now be trying to find a comfortable amount to donate. Charitable giving can make you feel wonderful inside, and it can help you to make a difference in the world even when you are not able to donate your time to a cause that you care about. Whether you have decided to give a monthly donation to children’s charities , disability charities or other types of organizations, you may be trying to find an amount that is comfortable for your budget.
Review Your Budget
Initially, you need to decide on a trial amount for your chirty gifts. Because you want to make a monthly donation on a regular basis, you will need to add this item to your budget as a recurring expense. You may need to cut back on spending in different ways to accommodate the donation. For example, you may need to switch to a more affordable cable plan, cut back on your entertainment budget or make other similar changes.
Set Up an Automated Payment Schedule
Because your charitable giving will take place on a regular schedule, it is wise to set up an automated payment plan through your bank or through the charity that you choose. When you do this, the payment will be made without any effort required on your part. This means that you will not have to remember to make the payment each month. More than that, you also may become accustomed to the money coming out of your bank. After a few months, you may not miss the funds at all.
After you have tried out a charitable donation amount for a few months, you may decide that your gift plan was too lofty and expensive for you to maintain on an ongoing basis. Perhaps you have determined that you can afford to give even more than you already are. You can make a small adjustment periodically until you find an amount that is comfortable for you to give.
Even a small monthly donation can make a major impact in the world. Your small gift may be used by children’s charities to pay for extra clothing for numerous children each month. Perhaps it will be used by a charity for the poor to buy food for a few families each week. When you make your donation regularly, the charity can begin to count on the funds and can better determine how to use them. Take time to review your budget as a first step in preparing to donate monthly to the charity you choose.