Tuesday, January 8th, 2013
2 years, 1 month.
A week ago when I published “5 Impractical Ways To Save Your Family Money In 2013,” I intentionally left off one crucial way that I believe our family saves money. Maybe it’s not so much about it saving us money, as much as it helps us manage our budget with even more discipline and focus.
In fact, out of the 5 impractical ways I listed, I see this “6th way” as not only undeniably impractical, but the most important, for our family, at least:
For us, that means we give 10% of our paychecks to our church. From there, a lot of that money goes to helping people not only in our area, but all over the world.
Of course, that 10% of our income isn’t the only money we give to help others, because we help financially support other non-profit organizations that help people too.
But right off the top of every paycheck, we know that 10% of it goes to our church, which in turn helps other people.
I should be clear about something: It’s not that we have a 10% excess in our income. Not at all. Instead, we build our budget around the 10% we tithe.
(That might help explain why we can’t afford cable or satellite TV, or Internet on our phones, or eating out, or updating our electronics… which I pointed out in 5 Impractical Ways To Save Your Family Money In 2013.)
Financial guru Dave Ramsey, who includes tithing as part of his teaching, puts it this way:
“If you cannot live off 90% of your income, then you cannot live off 100%.”
If this can make any sense, we can’t afford not to tithe.
We believe that God will bless our family’s efforts as we acknowledge that what we have is not ours to begin with; instead, everything we have is what God has given to us.
So to “give back” 10%, technically isn’t giving back.
But I believe a lot of the importance of tithing has to do with the mindset it puts a family in. In the likeness of feng shui, tithing constantly keeps us mindful of where each dollar we earn goes.
Just like the importance of having a solid weekly budget on Excel, tithing helps us tell our money where to go, before it can tell us where to go.
Therefore, I think tithing is even a good idea for families who don’t go to church, as well as, those who aren’t particularly religious at all.
I would venture to say that a family who always gives at least 10% of their income to, at least, a charity that helps the needy, even if it’s not through a religious organization, is still going to find that they manage their money better than before they started promising to give away 10% of their income.
Sure, giving away 10% of every paycheck is pretty extreme and not necessarily normal.
But I suppose for a family who doesn’t pay for cable or satellite TV, or Internet on our phones, or for the fact we don’t really dine out, or update our electronics, I guess it’s not really that much of a shock that we automatically give away 10% of our income.
Photo: Giving Offering Sharing Blessing Background, Shutterstock.Add a Comment