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How to Save Up for Charity as Students

Updated on October 18, 2012

Here's an article containing a different approach in motivating you to save for charity. This method will help you in allocating funds for charity and at the same time in minimizing your overall expenditures. It may overwhelm you at first, but at least you will get some idea from it.


Being able to contribute for a good cause is certainly uplifting.

Charitable institutions exist to facilitate and organize efforts towards similar cause. They serve as the primary avenues for us to accomplish, even in small steps, our advocacy. With charities, small donations eventually grow (as they get aggregated); hence, our donations seemingly produce benefits that are two-fold or perhaps even more.

Although charities are always there for a good cause, it is sometimes difficult for us to continuously give our support to them, especially as students. One of the most common reasons is the unavailability of excess cash. We are in the face of global financial crisis, and this makes it difficult for us to allocate funds to charities. However, here in this article, we will learn another way of motivating ourselves in helping out to charities and at the same time minimize our own spending.

How does this work?

Well, it's simple and it can be summarized into three steps:

1. Identify Your Average Expenditures
2. Set Your Threshold Level
3. Set Your Charity Policy and then Implement.

Two Outcomes, One Effort

Okay, why two outcomes and one effort?

As you employ this technique I'm sharing, you'll be able to possibly minimize your expenditures (or maintain at a low level) and at the same time be able to motivate yourself to continuously support your charity.

Step 1: identifying Average Expenditure

Information is Power

In the world of business and economics, information is POWER and most of the time it comes with a price. Yeah, that's how they put heavy premium on vital information. So, what you need is to be able to have information about your average expenditure. This may be the aggregated expenditure or maybe per category (e.g. food, clothing, lifestyle etc.). Also, the calculation of average expenditures may be on a daily or monthly basis. You may use a spreadsheet in order to facilitate in the calculation of the average. In my case, I always make it a habit of listing down my food expenses when I go to school, and put them in an excel. It really amazes me to see how the figures move.

Why is this important?
You will use this as a gauge of your current standing, and will be needed for Step 2. Plus, you can analyze your level of expenses and identify what to eliminate (among your expenditures) to lessen your total expenses. If you do it in a per category basis, you will have a more dynamic set of information which you may use to maximize your analysis. For sure, you will be able to spot some items in your list that you may not really need.

2. Set Your Threshold Level

Set Your Goal!

We all know that goal setting is an integral component of success. Here, you get to set your own goal. You may either (1) maintain your level of expenditure [control] or (2) lower the level of your expenditures [minimize].

If you choose option number 1, then you should set your threshold level similar or above the average expenditures you computed. This will tend you to spend within that value. On the other hand, if you choose option number 2, then you should set your threshold level below the computed average. This will motivate you to spend below the average and will cause the average to decline overtime.

Of course, spending beyond the threshold level means that you won't achieve the results you wanted. But, occasional overspending is typical. Treat it like a bonus for you.

It's up to you what option you would choose. And this will heavily rely on what specific goal you want to achieve.For now, it may sound confusing, but later you will get the point of all these.

Step 3: Set Your Charity Policy and Implement

A Policy of Your Own

Charity Policy is just a term I use for the percentage you will set aside for charity for every amount you will spend below the threshold line. Meaning, when you set your policy to "100% charity ratio", everything you save up from spending below the threshold will be set aside for charity. This is what I meant when I was speaking of two outcomes, one effort. Through this, you get to spend less (resulting to savings) and yet have funds allocated for your charity. All it needs is a proper and consistent implementation on your part.

A sample computation as illustration
A sample computation as illustration

Personal Example

In my case, as a college undergraduate student, I have an excel file of my personal expenditure particularly expenses on food. I update this on a daily basis, and MS Excel provides me vital summaries of the data I input daily which include my daily average expenditure.

So far (for 3 years now), my average level of daily food expenses is Php93.50 (about $2.15). After having this information, I set my threshold to this level and implement my charity policy. Basically, to keep my expenditure level low, I should maintain this level of expenditure or decrease it, if possible. So, what my charity policy does is for every peso below the threshold, I set aside half of it as part of my charity fund. This means that, if in a certain day, I only get to spend Php80.00 on food, Php6.75 will go to my charity fund.

There's always a reason to give!

With this, I believe that there is always a reason for us to give. We will never run out of it. The only thing we need to do is to explore these possibilities. And add some creative approach for you to be motivated. This will really help you out in so many ways.

In this article, I've thought you one of the thousand ways to allocated funds for charity. But through my approach, not only the charity will be benefited, you will be granted with something too (that is, lower amount of daily expenditures). Come on, it won't hurt you if you try this approach. I'm sure you'll enjoy this!


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    • yougotme profile image

      Renz Kristofer Cheng 5 years ago from Manila

      Thanks Jhudah! It has really become my life-long advocacy to help and reach out to those people who are not financially blessed as we are.

    • profile image

      Jhudah 5 years ago

      i'm amazed with your personal example, cool. You manage your money really well.

      Though i don't really get the computation. LOL. it's my problem.

      but i find this hub inspirational because we can all help even in a little way.