5 Reasons Why Charitable Giving Must be Part of Your Financial Plan

Last Wednesday, at Heartland Community Church, I taught my last Financial Peace University class for the spring. The lesson was called “The Great Misunderstanding.” This class reminds me of why charitable giving must be a part of a healthy financial plan. This lesson prompted me to write a post on GIVING.


photo credit: Grzegorz Łobiński via photopin cc

Just about all of my blog posts have had something to do with a part of personal finance such as budgets, investments, insurance, behavior, and debt elimination. However, GIVING is my least covered topic yet it is probably the most IMPORTANT part of your financial plan.


If you don’t give money or your time to your church or someone in need, then you will not prosper financially or spiritually. Here are five reasons why you need GIVING in your financial plan:

  1. Biblical: The Bible clearly states that we are to be givers, plain and simple. Here is one of my favorites that makes the point: “You shall surely give him, and your heart shall not be grieved when you give to him: because that for this thing the LORD your God shall bless you in all your works, and in all that you put your hand to.” Deuteronomy 15:10.
  2. Selfishness: When you give and manage money as if it were GOD’s (because it is), you become more selfless than selfish. It becomes more about others than yourself and it is easier to give money when you view it as not being yours.
  3. Contentment: Timothy 6:6-8 says, “But godliness with contentment is great gain. (7) For we brought nothing into the world, and we can take nothing out of it. (8) But if we have food and clothing, we will be content with that.” Contentment goes hand in hand with selflessness. When you are content with what you have, you are more thankful and are more generous. In addition, contentment is good for the budget, you are less likely to overspend and you live on less than you make.
  4. Prosperity: A characteristic of most self-made millionaires is generosity.  They are not generous because they became rich. It happens to be a major reason they became rich, they were GIVERS on the way up. I know that this is not the way the movies or media portray rich people, but it is true. I would also argue that the better you manage GOD’s resources, the more he will give you to manage.
  5. Taxes: This is not the main reason to GIVE money to your local church or charities, BUT, charitable giving is tax-deductible, which is always a good thing. The less the government has of my money, the less they have to waste.

A solid financial plan is like a house, you must have a strong foundation. GIVING is a part of that foundation; neglect it is becomes extremely difficult to prosper spiritually and financially. Without GIVING, your financial plan is nothing but a house of cards.

Question(s): Is giving part of your financial plan? If not, why?

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