How to Navigate Giving during Times of Inflation
Inflation is the silent predator that stealthily gnaws at the foundation of our financial security. It's a phenomenon that erodes the purchasing power of our hard-earned money and directly impacts our lifestyle, priorities, and perhaps most significantly, our capacity for generosity--especially in the church.
Although our personal faith should stand unwavering, unaffected by economic uncertainties, it is undeniable that the economic landscape can influence our contributions to local churches, missionaries, and non-profit organizations.
But what kind of impact does inflation have, and what can we do about it? Let’s begin by looking at the impacts of inflation.
In a non-inflationary time, the average Christian family's priorities and proportions might look something like this:
Give to God first (10% of income)
Mortgage / Rent (20% )
Food (8-12%)
Home energy & transportation Fuel (8%)
Savings & Retirement (10-15%)
Fun & Leisure (10-15%)
Left Over (15-20%)
In a high-inflationary time like now, it might look something like this…