Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you. Yet there may be charitable…
WHEN YOUR FINANCES ARE AT RISK
“If you can’t afford to give it as a gift with no expectations on your end, then you can’t afford to help,” says Lacy Rogers, a certified financial planner in Fort Worth, Texas.Article content A lot of people who are the first in their families to come to this country or go to college “can really quickly become other people’s financial safety nets,” Rivera says. That’s a heavy burden to bear.
Say you have an elderly neighbor you used to purchase groceries for. “Maybe you can’t buy their groceries for them anymore but you can help them out with the yardwork, and maybe that eases the burden on them in a different way,” Rogers says. “We’re human and we need balance. We can’t only save for later and not enjoy life today,” Rivera says.
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