This week, the theme is financial resolutions for 2020.

Each day this week, I’m giving you ideas on how you can adopt a financial resolution for 2020.

Today’s financial resolution for 2020 is: a giving new years resolution.

John Chrysostom, Archbishop of Constantinople in the late 4th century, and an influential figure in the early Christian Church once said in one of his sermons: “The most pitiable person of all is the one who lives in luxury and shares his goods with nobody.”

If we’re being honest with ourselves, most of us would probably admit that we aren’t giving enough. What are the causes that you care about the most? How can you use the resources you’ve been given to lift others up?

Because money is a limited resource, when we use it in one way, it prevents us from using our money in another way. That’s why it’s so important that we’re intentional with saving, spending, and giving, because intentionality keeps us from squandering our resources and using our resources for more than just our own needs and wants.

Here are a few ideas to help you formulate a giving resolution for 2020:

• Give 1% more of your income in 2020
• Pick a cause or a charity to support, and support them with a consistent, monthly donation
• Automate more of your giving. If your giving tends to be sporadic and inconsistent, then one of the best ways you can put a giving resolution into action is by making it automatic. Charities love this too, and most will allow you to set up an automatic transfer each month.
• Every month, call your local food pantry, clothing distribution center, or homeless shelter and find out what they are in most need of, then go out and buy what’s needed. You can even multiply the giving by collaborating with your friends, family, or your church.
• Consider giving more of your time and talents through volunteer work, and make it a regular part of your week or month.

Whatever you decide to do, I encourage you to find one concrete way in 2020 that you can be more generous and use your resources for the greater good.

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip.

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