ONE HUNDRED THOUSAND DOLLAR GIVEAWAY
Last week I wrote about our plan to eventually have a net worth of one million dollars.
This week we are giving money away. $100,000 to be exact, maybe more.
UPDATE: Carrie and I released a podcast episode called Spontaneous Planned Giving that you might enjoy.
The $100,000 Breakdown
As of July 2014 we currently give $360 a month to our church and we set aside another $100/mo for random, unexpected giving opportunities. Sometimes they show up, sometimes they don’t.
On average we give away $410/mo. That is $4920/year. We also usually give $200 to Affordable Christmas in December. Our total yearly giving is around $5120.
So far during our 4 1/2 year marriage we have given away around $12,000 so we have $88,000 more to go until we reach $100,000.
At our current monthly giving rate it will take 17.1 years to give away $100,000. As our income increases, we will give away more, so it will probably take less than 17.1 years.
The $100,000 Plan
The plan is simple, keep giving money away.
When our income goes up, give more. If it ever goes down, give away less.
When we see a need we can meet, meet it.
The $100,000 Reason Why
Carrie and I give money away for several reasons.
Giving is biblical. As Christians, we are called and commanded to give sacrificially.
Giving helps us to be thankful and grateful for what we have.
Giving money away changes the way we view the money that we keep.
When part of your financial plan includes regular giving, you become financially stronger and more stable yourself. Being strong enough to give can be part of the reason why you are able to make progress.
It’s like a farmer growing more than enough food for his family. That farmer is so ‘strong’ that he will likely never be in need because he has arranged his life in such a way that he has more than enough.
The $100,000 club
What is your plan for giving money away? What are your reasons for giving money away?
If you already have a written plan for giving, great, let us know about it. If you don’t have it written out yet, whip up a sweet post and let us know about it.
Post a comment below with the link or send me the link to your giving plan and I will list it here.
Featured Giving Club Members:
Root of Good: @rootofgoodblog — http://rootofgood.com/tips-to-finish-the-year-strong/
Julie Mayfield: @JulieKLMayfield — http://thefamilyceoblog.com/2011/09/the-gift-of-kiva/
*Sidenote about boasting/bragging. I sure hope it doesn’t sound like we are boasting. We aren’t. The difference between boasting about giving and talking about giving is in the attitude. Our attitude is in the right place. Our aim is to have an open, honest, encouraging conversation about money and that includes giving. I think it would be a disservice if we talked openly about most areas of money and then kept the giving conversation covered up. I think most people will get it, some won’t, and I am okay with that. I am willing to be misunderstood by some in order to encourage many others. You can read more about why we talk so openly about money here.