Being financially literate extends beyond one’s own life. Because so many individuals require financial support, it is a societal concern. Here’s where you may impart to your child the values of compassion and generosity in addition to teaching them how to manage money and other assets. There are a few tried-and-true methods your child can use to teach them to give to charity, and you can start this lesson early on.
Give away used clothing and toys.
Children grow up so quickly, both mentally and physically. Finding clothing that fits a child for longer than a year is quite tough, and as children become older, they typically require toys that are more difficult. As a result, the majority of parents wind up having an enormous collection of outgrown objects that they never use.
Many of these are more than suitable for someone else to use if you’ve taken excellent care of them, particularly if you only had one child who enjoyed them. Assist your youngster in packing and transporting these items to charitable groups like the Salvation Army or your neighborhood court. Gently used books are frequently accepted with great enthusiasm by libraries and schools. Have a garage sale or take these items to a store that buys used goods if you wish to turn them into cash to donate.
Give money to the charity of your choice.
To cover basic expenses like mailing out items, renting out business space, and delivering supplies to the poor, many organizations rely on monetary donations. Wages for employees of the charity, if any, are frequently funded by contributions.
Have a conversation with your child about the needs he perceives in the community and the issues he believes money could solve. After that, accompany him to formally submit his gift to the charity treasurer or donations supervisor, or assist him in composing a letter and mailing a check for the donation amount.
It may be harder for your young child to save much if he is extremely small. This may also be the case if you and your family are too poor to give your child a bigger allowance or to compensate him for doing tasks.
The best course of action in this situation is to urge your child to volunteer. While volunteering at soup kitchens, elderly homes, and other such establishments is a good option, you can also use your imagination at home by having your kids pull weeds in the neighbor’s garden for nothing. Giving your child the opportunity to put a face on the individuals he is helping makes the donation more personal than simply sending cash.
Launch a promotion or raffle
Children sometimes have giving objectives that are far higher than what they can afford to give. When children realize how rewarding giving can be and that they are changing the world, they frequently wish to encourage others to give as well. One way to help your child who wants to donate more than he can afford is to start an online campaign, like kidscangivetoo.com or another such website. Children can organize fundraising events for charities using these websites, and online donations are accepted. Usually, the websites calculate their final balance on a given date and send a check to the designated organization.
Contribute to a house of worship
Families and similar organizations frequently portray charity as a means of honoring and serving others, and this is how many families come to understand it. Normally, during regular services, collections are taken up, and the church’s officials then determine what to do with the money (e.g., missions, paying the church’s power bill, buying religious materials to give away, etc.). The advantages here are that churches typically take donations of any size, from a few pennies to thousands of dollars, and that you may portray giving as a very spiritual act.