Why I Give 10% of My Income to Charity – with Allison Kade

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Lately, I’ve been thinking of a lot about my goals. I’ve decided that the goal of becoming a young millionaire pales in comparison to becoming a generous giver. Since I’m neither of those things right now, I figured I would get a bit of assistance on my giving goal by reaching out to someone I admire.

Allison Kade, Editorial Director at Fabric, joins me today to talk about how and why she has given away 10% of her income to charity for the past 7 years. She believes that charitable giving provides you the opportunity to create positive and lasting change in your community, your country and with society at large.

I agree with her and I’m inspired. This is a goal I can get behind.

Children laughing and playing in village

What are we covering?

Allison and I review:

  • How she decided to give away 10% of her income
  • Why she gets excited for her big donations
  • How those of us who aren’t giving nearly 10% can ladder up

I’m so inspired by Allison’s generosity and selflessness in this interview. She’s encouraging me to live with an open hand instead of a closed one. I hope you get inspired as well!

Enjoy!

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill
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About our Guest:  Allison Kade

Allison Kade is the Editorial Director of Fabric, where she’s building an online publication to help families with their personal finances. Her financial writing has appeared in Bloomberg, Forbes, The Today Show, Business Insider, The Huffington Post, TheStreet, Credit.com, The Fiscal Times and more. In addition, her work has appeared in lifestyle publications like Real Simple, Travel + Leisure, Lifehacker, xoJane and BoingBoing.

Allison’s Website/Blog: MeetFabric.com/Blog

Favorite Charities: City Harvest, NRDC, Partners in Health

Charity Research: Charity Navigator, Learning by Giving, Give Well

Recommended Book: The Life You Can Save by Peter Singer

Money Master of the Week

Hillary from Houston, Texas has decided (in partnership with her husband) to go live solely on one income so they can save the rest. Live on one and save the other. Genius!

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“Let’s do this!”

HOW DID SHE DO THAT?

  1. Realized they needed a change. They spent a boat load of money, had a lot of fun and then realized, it’s time to make a change.  
  2. Developed a budget together. They reviewed the numbers and took stock of what was coming in and what was going out. They crafted a plan and said, “let’s do this”
  3. Grew the gap. They must have grown the gap between their income and their expenses to make this a reality. They either reduced their expenses or grew their income. Either way, way to go Hillary!

WHAT IS HER NEXT FINANCIAL GOAL?

By living on a single income, Hillary and her husband are now able to save enough to pay off their cars and eventually … their mortgage! Mortgage freedom rocks!

Hilary is our Money Master of the Week!

Share Your Wins

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If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • If/How you celebrated
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


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#BIGTIPTUESDAY IS HERE!

I’m creating a fun way for the Marriage, Kids and Money Community to Give Back this holiday season.   I’m calling it “Big Tip Tuesday” …

I would love for our community to surprise 10 hard-working people in the service industry with $100. That would be $1,000 of joy spread to those who are working hard during the holidays. So, what do you think? Are you in?

Please email me and let me know. Giving is SO much fun. Think about the smile you’ll bring to someone’s face who is not expecting it. THANK YOU FOR CONSIDERING IT!

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I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

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Carpe Diem Quote

“My idea of Christmas, whether old-fashioned or modern, is very simple: loving others. Come to think of it, why do we have to wait for Christmas to do that?”
— Bob Hope

How do you feel about giving away 10% of your income?

Please let me know in the comments below!


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Marriage, Kids and Money, Andy Hill
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Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

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