Currently, we have $6,500.91 in our hopper.
It just seems weird having all of those, mostly, unused funds sitting there doing nothing.
I just wanted to start the conversation about the possibility of paying-it-forward in some capacity. For example, a certain percentage of monthly contributions could go to a charity.
What are your thoughts?
I’m not sure. If we were too, I think we should have at least $10k saved up. But even then I’m not sure if we really should be. I wonder if it will reduce the number of donations. I’m not sure if everyone donating would be OK with their donations being redirected somewhere else, especially if the charity is seen as controversial by the donor.
I think a possible work around would be to donate to the maintainers of the software we use. That shouldn’t be controversial. (but someone will probably find a way to be offended by that…)
If we do, well defined rules are a must. Like how we determine how much to donate every month, and to who.
Side note: The money is invested and earning interest, right? It’s not hard to get 5% right now and that’s a few hundred bucks a year.