My apartment complex was spraywashing the garage so I couldn't come home before 6 p.m.
Bad decision #1: On a whim to buy some time, I decided to visit my local sushi bar that I haven't been to for a long time. (This is really bizarre but I’ve been craving sushi ever since I watched an episode of Dirty Jobs where Mike Rowe ate geoduck sashimi. Weird, I know!)
Bad decision #2: I should have asked to sit at a table and ordered the prix fixe sushi for $28.00, but I opted to sit at the counter.
Bad decision #3: I ordered all my favorite sushi without any consideration to price.
Sigh. What's done is done. Anyhow, thanks for letting me get that off my chest...
I've been thinking about charitable giving ever since I read posts by Money Funk and Beachgirl’s Budget Blog about Mary Hunt’s 10-10-80 plan. (See links for discussions about the specifics of the 10-10-80 plan.)
I think it’s a great plan, but with my existing debts, there’s no way I can afford to pay 10% of my income to charity now. I’ve been telling myself that once I pay off my debts and establish a fully funded emergency fund, I’ll start giving to charity. After all, that’s what Dave Ramsey recommends as part of his 7 baby steps.
But will I really? Or will I just increase my standard of living instead?
I started wondering about this when I discovered that with gas prices down, I’m now paying approximately $40 less in gas per month than what I was paying in July. What have I done with this windfall? Last month, my gas savings went towards paying for a new computer bag. And as you know, I blew this month's savings at the sushi bar last night.
I guess the point I’m trying to make here is that unless I make charitable giving a regular part of my budget now, any extra money in the future will get spent elsewhere.
My new regular commitment to charity will necessarily have to start modestly since I’m up to my eyeballs in debt right now and my EF is not yet fully funded.
In a nod to Mary Hunt’s 10-10-80 plan, I’ve decided to commit 10% of my monthly savings to charity. (Since my goal is to save $200/month, I’ll donate a minimum of $20/month.) And with any items I come under budget, I will split equally between my EF and charity.
I’m hoping that just like savings, I think if I make charitable giving a regular expenditure, it will eventually become automatic.