Great post. I've been thinking and reading a bit about saving vs donating over the last couple of months and more or less came to the same conclusion. If you don't have any substantial savings; it is most likely best to save first and donate later, for the reasons you listed.
Personally I live relatively frugally which enables me to both save 10 % and donate 10 % of my income, and while I believe the overwhelming majority of people in "rich" countries are also able to do this, people are just too used to unnecessarily expensive standards... (read more)
Great post. I've been thinking and reading a bit about saving vs donating over the last couple of months and more or less came to the same conclusion. If you don't have any substantial savings; it is most likely best to save first and donate later, for the reasons you listed.
Personally I live relatively frugally which enables me to both save 10 % and donate 10 % of my income, and while I believe the overwhelming majority of people in "rich" countries are also able to do this, people are just too used to unnecessarily expensive standards... (read more)