If you’re like me, you’ve definitely noticed a drop in gas prices recently. On my way to work the other morning, I even saw a few places that advertised gas below $2.00 a gallon.
A recent report by CBS News said that the average driver saved $550 in 2015 due to lower gas prices. That’s a total of $1.15 billion by drivers in the U.S. Maybe your commute is shorter, and you didn’t notice quite that much. If so, how did the lower gas prices impact your spending budget?
Since the drop in gas prices, we’ve heard the general litany of ways to use the money that was freed up by lower prices. The list usually includes:
▪ Paying off debt
▪ Building an emergency fund or cash reserves for a “rainy day” emergency
▪ Establishing a small “splurge” fund where you and your spouse can go on a date night or enjoy other fun (but not regularly occurring) activities
These—and others—are definitely good advice. But I’d like to add another to the list—maybe even to the top of the list.
Use the added savings to increase your church giving or giving to a well-deserved ministry or cause. This type of giving captures your heart and works to make the world a better place. In fact, let’s call it the “hope fund.”
The wonderful thing about a “hope fund” is that you don’t have to wait. You can do it now.
And your gift helps transform lives—in numerous ways. A gift to your church or ministry can make an eternal impact, oftentimes in ways you can’t even imagine.
So the next time you’re at the pump and see your total, think about your savings and how you can “invest” it through a “hope fund.”
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