| Hi Taylor
- I always get inspired to give at the end of one year/beginning
of the next. A couple of questions: do you have any thoughts about
giving anonymously versus publicly? And suggestions for how I can
remember to give more consistently throughout the year?
Hi Amy - Glad you're in the giving spirit! Anyone who follows
this column knows what a big proponent I am of tithing and giving
in general. It's a very personal thing, so I'm not going to tell you
how to do it, but I will encourage you to do it as regularly as possible.
ten percent. No matter the income level, I always encourage
people to give 10% of their earnings back to either their church,
community, or charity of their choice. This represents a significant
but not excessive percentage of your earnings, and it's a nice
round number. When you're able to factor the amount into your
budget, it makes it that much easier to give on a monthly basis.
That will take the pressure off of doing it once a year and often
eliminates the excuse of feeling too strapped for cash during
2. Give thoughtfully. It's an absolute blessing and privilege
to be able to donate funds to people and causes in need. It should
never come from a place of guilt, only from love, service, and
a commitment to helping those around us. Giving to your church
might be a natural place to start, or you can take some time to
research local and global organizations working on issues that
concern you. Your contributions can have a very real impact; when
you give purposefully, you'll be able to see and feel the good
3. Public or anonymous donations? Honestly, it's whichever
you prefer. I understand the hesitation to attach your name, as
though that makes the donation some kind of shameless self-plug.
However, publicly announcing your donation can often elevate a
group or charity. It might inspire your friends to give as well.
If you'd like to keep your donations anonymous, there's nothing
wrong with that (as long as you don't spend the rest of the year
bragging about what a generous "anonymous" donor you are). If
you're giving for the right reasons, you really don't need to
worry about the other details. You can't help how other people
perceive you, so just honor your integrity and do what you can
to help others.
| I'm happy to
hear that you're inspired to give back, Amy. Keep thinking about tithing
and charity throughout the year and only good things will come!
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.