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I know, it’s a bit counterintuitive.

I’m supposed to be telling you how to get out of debt, save money, and become rich…not SPEND money!

I have my reasons though.

Here’s the main one:

When you open yourself up to give money away, you start to realize that there are tons of people that are having a really tough time in this world. They don’t have much money, they own practically nothing, but yet they’re happy.

Giving money away gives you a certain contentment in life. It helps you realize that stuff won’t make you happy, but helping others just might.

So, with this contentment comes a weakened desire to spend and a better chance of saving money and paying off debt!

Not to mention of course that giving money to the needy is just the right thing to do…

And then, once you get completely out of debt and become financially free, you can REALLY begin to make a difference with your gifts!

Want to learn more about giving?

Check out the posts below!!

Questions about Step 7?

8 Comments

  1. Once you give, you’ll immediately start to be more grateful for the blessings you have.

    It’s amazing how quickly your wants subside when you start to care and give to a worthy cause.

    Have you experienced this??

    • I’m not going to lie, receiving gifts is fun, fun, fun! 😃However, I would have to say for me, that it is more blessed to give than to receive. Giving away either my time or money to help those who are less fortunate not only helps the receiver, but it also helps me to remind me to appreciate and be grateful for what God has provided for me and my family. I have donated my time and money to organizations that go on medical mission trips and the experience of being able to volunteer to help out in a third world country like Cambodia made me truly appreciate the life I have here in the United States. I came back with a new appreciation for life and realized how blessed I am and that I actually don’t need much to be happy.

      • Exactly! I’d love to take a volunteer trip soon. Never have!

  2. Giving time to a cause is underrated. I hear people say but I don’t have extra money to give. My daughter and I volunteered at a local dog rescue, walking dogs, bathing them, and yes cleaning kennels. We got to spend time together, we felt happy helping and we didn’t go to the mall and spend money. A win-win! I saved money, we were helping a cause and spending time together. Now, I am at a point I can give money, and yes it does add to my own feelings of contentment, however, there is something extra about spending/taking the time to make a difference!

    • Exactly! It’s sooo important to do something for others. So many benefits.

  3. Derek, this statement from your post really hit home with me: “Giving money away gives you a certain contentment in life. It helps you realize that stuff won’t make you happy, but helping others just might. So, with this contentment comes a weakened desire to spend and a better chance of saving money and paying off debt!”
    I also completely agree with Dara and Andrea. Giving is not just about money. Giving of our time can be just as fulfilling. We give by being the caregiver for my mother. Find your way to give. You will reap the rewards and the world will be a much better place.

    • Yup! I think it’s both – time and money for true contentment. But doing neither is certainly not the answer to happiness in life!

  4. One thing I know from experience is that givers never lack.when we give we obviously become contented because our eyes open to the fact that we are blessed.Secondly giving delivers us from greed and hoarding mentality.so yes we should give if we want to be in tune with our finances because it strikes a balance.


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