By The Kachinga Team
November is always a special time of year. It signals the official opening of the holiday season with celebrations we anticipate, a little time off work, and family gatherings. But it all starts with Thanksgiving, the day set aside for gratitude and giving. Here at Kachinga, this is our favorite holiday because giving is one of the key tenants of Kachinga’s platform. Our philosophy about teaching good money habits is not only about learning how to earn, save, and spend. It’s also about learning how to give to others who are in need.
Personal finance experts agree - giving is a central part of a family financial plan. But experts in other areas also say giving is like medicine for the soul, including physical and mental health, self esteem, and emotional well-being. It's more than just the warm and fuzzy feeling you get when you help someone. Research shows that people who give social support to others have lower blood pressure than people who don’t, and interaction in a supportive community can help people recover from coronary issues. The emotional benefits of giving have been documented as well. Researchers at the University of Oregon studied the brain activity of study participants who were given $100, then given choices of what they wanted to do with that cash. The researchers found that those who decided to give a portion of that $100 caused the pleasure center of their brain to light up as if they had just received money.
Researchers also say that people who give their time to help others through community and organizational involvement have greater self-esteem, less depression and lower stress levels than those who don’t.
Giving does not always have to be monetary. Time is valuable as well, and especially for younger kids. Vounteering on a regular basis can be an expereince that becomes an ongoing part of life into adulthood, especially when kiddos learn side-by-side with a family member. The options for volunteering activities are limitless, from serving at a soup kitchen to helping an elderly neighbor mow their lawn.
Dave Ramsey, national bestselling author, personal finance expert, and host of The Ramsey Show, says that one person being charitable can start a wave of big-heartedness. Ramsey calls it "The Generosity Effect", meaning even small acts of generosity can cause more generosity. So this Thanksgiving, giving more is the perfect recipe for feeling and doing good.
With gratitude for your all us here us here at Kachinga, we wish you and your family a very happy Thanksgiving.