I'm curious about the average charitable giving of early retirees.
In my case, we are right at a 3% withdrawal rate, and we devote a little over 2% of our budget to charitable giving. We evaluate our gifts very carefully, sometimes to get the most bang for the buck, otherwise just to organizations we feel extremely positive about.
Are we too stingy, or is this a reasonable amount?
I'm thinking about certain religions that practically mandate 10% of a person's income to go to the church, but I wonder if that's way outside the norm or if I'm just a cheapskate.
In my case, we are right at a 3% withdrawal rate, and we devote a little over 2% of our budget to charitable giving. We evaluate our gifts very carefully, sometimes to get the most bang for the buck, otherwise just to organizations we feel extremely positive about.
Are we too stingy, or is this a reasonable amount?
I'm thinking about certain religions that practically mandate 10% of a person's income to go to the church, but I wonder if that's way outside the norm or if I'm just a cheapskate.