Start Your Benevolence Account
- Decide on a Title for Your Account
i.e. “Family Name Benevolence”
- Open a Free Checking Account with Your Custom Account Title
(Local Credit Union or Online Options)
- Order Debit Cards with Customized Name on the Card for “Benevolence” (one per person authorized to spend from the account)
- With the Bank, Configure Debit Cards & Checking Account Accordingly
(i.e. pull from a savings account if funds are too low for a spontaneous transaction.)
- Order Custom Checks for that Account
- Decide Monthly Deposit Amount
(Set Amount or % of Income. Aim to grow it.)
- Set up the way to automatically incorporate this as part of your monthly budget work & planning
(logistics – online transfers, automatic deposits, reminders, etc.)
- Decide your “Rules” for the account.
Our initial rules were simple:
100% of the money put into this account is God’s, and we can only use it on other people to bless them, not on ourselves.
Once the money is in the account, we cannot take it back out for ourselves – even if we are short on meeting our own financial needs and obligations.
- Make your first deposit into the Benevolence Account! If you are feeling fear… this is a GREAT sign! Time to ACTIVATE your FAITH!
- As soon as you become aware of a need, give from the account into that need fully.
• Write a Check
• Swipe your Debit Card
• Pull out Cash to Give from ATM/Bank
For example stories of how giving financially has blessed others, as well as our family, please visit our SOCKS.team giving ministry blog.