Giving
Giving is an important financial skill that’s often overlooked. Giving to others is the essence of a sufficiency mentality. Understanding why it’s important and learning to do it properly is key to becoming financially successful.FAQs
Yes. Giving teaches you that you have enough money to share. It helps you develop an abundance mindset. Giving increases your life satisfaction and helps you understand what is important. Giving precedes wealth. Financially successful individuals give money regularly.
It can feel like it’s impossible to give when the budget is tight. Often this is a feeling instead of a fact. Start small. Everyone who makes money has something to give. You’ll find as you give, you’ll be able to live on the rest and you’ll be happier while doing it. If we truly have a sufficiency mindset, we will desire to give regardless of our income.
No. Our attitudes about giving don’t change just because we have more money. If we maintain a scarcity mindset, there will never be enough to give. Giving is an art and a skill that can be developed. Start today to reap the benefits. When you give, you discover you have enough money for yourself and others.
Yes. It is not wise to give so much that we put ourselves at a financial disadvantage. When giving, it’s important to give prudently and maintain self-reliance.
Yes. The rewards from giving are infinite. Research has identified the following benefits:
- More money
- More joy and happiness
- Clarity on values
- Ability to live within our means
- Better mental health and reduced depression
- Increased confidence
- Stronger connections
- Increased sense of purpose
Resources
Articles
- Spring 2025 Gift Planning Council Newsletter (Philanthropies)
- The Fearless Philanthropist (Philanthropy Roundtable)
- Why Giving Matters: Arthur C. Brooks (BYU Speeches)