What can the rationale possibly be?

thumper1
Sat, 24 Jul 2010 14:55:49 +0000

College saving (in my savings account): 50%
Charity: 10%
Take home: 40%



How about changing it to 50% college savings and 50% take home. Put the “take home” into your bank account and write a check or take cash (get a receipt) for your charitable donations out of your take home.

I’m not sure why you’ve itemized your charitable donations from your take home. Your take home is for your “current” expenses, right? Couldn’t your charity donations be considered a current expense?