December 24, 2018

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.

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
Children laughing and playing in village

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.

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

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

Andy Hill

Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping families build wealth and happiness. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock.

2 responses to “Why I Give 10% of My Income to Charity – with Allison Kade”

  1. Frank Lessa Avatar
    Frank Lessa

    I don’t give 10% of my income to charity because I give more than half my income to my landlord.

    I gave at the rent office.

    Reply
    1. Andy Hill Avatar
      Andy Hill

      I understand that! When I got my first house, I was paying 70% of my income in my mortgage. It was horrible. I barely had enough to enjoy myself at all.

      After we decreased our cost of living by paying all of our debts including our mortgage, we were able to free up more for things that brought us joy. Giving was one of them.

      We haven’t been the biggest givers over the past few years, but we’re trying to increase. In 2017, we gave 1% of our income. In 2018, it was 3%. This year we’re shooting for 5%.

      Perhaps you could start to ladder up like we are … maybe 1% this year, and then grow from there?

      Reply

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