Reasons to Donate
The concept about donating money can make you feel good about yourself, and there are several more subtle ways with which donating your money or time for a cause can benefit your psychological, spiritual, and emotional well-being.
From fancy cars to fine dining and exotic holidays, there are several ways by which one can spend their hard-earned money, and there is absolutely nothing wrong with rewarding yourself for a job well done. However, what would happen if you were to reward someone else instead?
A recent study shows different ways by which charitable behaviour can lead to benefits for the donor. The concept about donating money can make you feel good about yourself, and there are several more subtle ways with which donating your money or time for a cause can benefit your psychological, spiritual, and emotional well-being.
Here are three reasons to donate to charity
- Donations are tax deductible
While donating to any charitable organization or a non-profit group, the donation amount is tax deductible. However, not only the tax money but even the amount spend on travel and convention related to the non-profit group are deductible, as long as you are not being reimbursed by the charity for these expenses. So donation for several causes especially donation for children can indirectly also be profitable for you.
- Volunteering for a charity cause may result in physical and social benefit
After donating financially to a charity or non-profit organization, you may feel motivated to become more involved with the cause by donating your time and skill as well. By volunteering, you have the opportunity to build your social circles while reaping the physical, mental, and spiritual benefits from the labour you contribute to your favourite cause.
- Giving to charity may improve your sense of well-being
The act of helping others can create an improved sense of well-being. Knowing that you sacrificed your time or finances in order to help others in need can give you a sense of purpose in life or work along with inner satisfaction.