Are you considering donating money to charity? According to multiple research studies, there are significant psychological benefits associated with the act of giving. Here are some of the benefits you receive when you start donating to the less fortunate through a charity.
You Feel Better Over Time
People always tell you that you’ll feel good if you give money to people who need it more than you. There is actual scientific evidence to support this claim. Giving an amount of $100 was shown to stimulate parts of the brain associated with experiencing pleasure. Giving money really does make you feel better, and feeling good is something you can never have enough of.
You Get to Help Those Who Need It
We don’t live in the ideal world, and there is never going to be a time where it is perfect to give to people. However, we live in a world where there are always individuals in need of your help and the help of people like you. Interest rates around the world are rising, the economy is dying, and even though you might be having monetary problems of your own, there is a strong chance that you can still afford to give to those who actually need your excess.
Tax Deductions are Possible
The IRS in the US has a list of charities that are called approved charities. If you donate money to one of these, the sum of money that you donated can be written off in your tax returns. Of course, this isn’t a simple process. The IRS has a lot of information on what you can donate, what you can claim on your return, and where to donate to.
Your Life Gains More Meaning
By donating money to charities and people, your chances of broadening your social network increase. You meet new people who have the same beliefs that you do. Together, you work with them for the betterment of the human race and to fight for a common cause. This battle can bring more meaning to your life, pulling you out of emotional and social ruts and bringing you new life.
You Make a Great Parental Figure
Kids are extremely impressionable people. When you donate money in front of your kids as they grow up, they are far more likely to mature believing in the act of giving to those less fortunate than they are. Always talk to your kids about your work in charity. When they start earning money themselves, they will be more inclined to donate portions of it to the needy.
Donating money is an act of generosity that extends far beyond giving someone a meal on a single day. The indirect effects of giving money to people are vast and broad in nature. Take the time out of your day to browse through local and international charities. Give what you can spare to give one of the less fortunate a better tomorrow.