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Q & A
What about making financial donations to charity while one still has bad debt to pay off? I have a question that I have
not seen addressed yet on the show or on your website - what about
making financial donations to charity while one still has bad debt
to pay off? Many organizations depend on donations to good work and
often they left those who are less fortunate. On one hand, if I have
debt hanging over my head I try to justify to myself that any extra
money that I can afford to give away should first go on my debt. On
the other hand, I feel guilty and selfish when, for example, I decline
to participate in the United Way drive at the office since I know that
even with my debt, I am still far better off than many others are.
What are your thoughts on this?
Deb
Good question, and one I’m very happy to weigh in on. Don’t feel guilty or selfish digging yourself out of a hole before you begin to share monetarily with others. Feel guilty spending money stupidly when so many others could use your help. Confused? Don’t be. Focus on paying off your debt first. If you want
to do some good while you get well financially, then become a volunteer,
using your time and energy to do good. Save the money for the creditors. |
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Books The contents of this website are of a general nature and should not be construed as financial advice. Individuals must seek professional counseling based on their specific needs before making a financial decision. ©Gail Vaz-Oxlade. Contents of this website may not be reproduced in any form without the written permission of the author. Site by cobourginternet.com Site map |
