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A generous budget

Do you have a "generosity line item" in your budget? Personal finance blogger Jason Topp does, and he thinks it's an idea others should consider.

Jason writes about a "generous budget" in the July issue of the Sound Mind Investing newsletter:

Imagine you are out to eat with your family and you strike up a conversation with the server. You learn she is a single mom with three kids and works two jobs to make ends meet. After her children go to bed, she spends several hours taking online classes in hopes of getting a college degree and moving forward in life.

Your heart goes out to her.... You can only imagine how difficult it must be to juggle the demands of employers, children, and professors.

You would love to help in some way, but you feel like you can't afford to.... You imagine how exciting it would be if you had an extra $25, $50, or even $100 a month set aside specifically for times like this. You picture yourself plopping down an extra large tip with a note that says, "We're praying for you!"

But how can you increase your ability to give without hurting your own financial situation?

We encourage you to read the entire article, Building Generosity Into Your Monthly Budget.

Or listen to an excerpt from host Bob Crittenden's interview with Jason earlier this week on Alabama's Faith Radio (click the arrow below—6 minutes).

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