It’s no secret: women still grapple with societal norms that encourage us to give generously throughout our lives — of our time, our attention, our counsel, our experience, our leadership and even our physical labor. When we begin to develop financial plans, this emphasis on being generous with our innate resources can cause the idea of sharing our hard-earned monetary resources to feel like a challenge.
However, several studies indicate individuals can feel happier and more engaged with their financial management practices when those practices align with their values, and include “giving with gladness” to causes, organizations and other outlets that matter to them.
The idea of “giving with gladness” is not new, nor is it limited to money. We at The Humphreys Group offer support to clients who want to incorporate giving into their overall long-term financial plans by guiding them to assess how or what they can give when it comes to:
- Their time
- Their talents
- Their treasure
We also recommend that our clients reflect on lessons they’ve learned throughout their lives about the practice of giving to help them examine how they might incorporate giving into their present and future. Some questions we ask them to consider:
- How have you benefited in the past from another person, organization or cause giving you their time, talent or treasure?
- How have you benefited in the past from giving your time, talent or treasure to another person, organization or cause?
- What positive lessons have you learned — in childhood, at home, at school, at work, among friends, from your community — about giving time, talent or treasure?
- How could these lessons influence you to “give with gladness” now and in the future?
That said, we realize not all giving is done with the spirit of gladness or generosity. Sometimes, our experience with giving has been tinged with guilt, obligation, need or anger. The result? We fear that if we give too much, our financial foundations can become shaky. If we give for the wrong reasons, our relationships with those in our financial landscape may become clouded with resentment, neediness, expectation or disappointment.
To bolster a sense of gladness in giving, we help clients analyze occasions when giving may have prompted stress:
- Did my giving come with strings attached?
- How did giving without gladness impact me and those around me?
- How did I cope with the challenging aspects of giving?
- What financial strategies can I develop so that I do not experience worry when giving?
At The Humphreys Group, we believe that success at “giving with gladness” lies in each individual developing a plan to share their time, talents or treasures in ways that align with their values and fit within their capacities and abilities. That means taking the time to explore the different dimensions of past giving experiences and learning how those experiences have affected their outlook on and approach to giving. Contact The Humphreys Group’s advisors to talk about developing a giving strategy we all can be glad about.