Tip: An account for giving
February 22, 2009
One thing that I am finding in my SpendLessGiveMore journey is that often my weekly savings are less than an appropriate gift to the causes I love. But I am committed to setting aside the money that I save, which presents a dilemma for me. While I wait for my savings to accumulate to a substantial gift I either have to put cash in some kind of holding tank or leave it in my checking account where it is at risk of getting sucked back into my monthly budget.
So my solution has been to open another checking account solely for giving that is linked to my main checking account. Now, when I get my weekly summary email from Spend Less Give More I can just transfer that amount into my “giving” account and wait until enough is in there that I deem it a worthy gift to an organization that is doing work I want to partner with financially.
