In personal finance, should you budget in the order of giving, saving, and spending?

Budgeting in the order of giving, saving, and then spending is indeed a recommended approach in personal finance, often described as a "pay yourself first" strategy. This philosophy emphasizes the importance of prioritizing financial goals that align with personal values and objectives.

By allocating a portion of your income to giving (charity or contributions), you not only fulfill commitments to support others but also cultivate a sense of gratitude and responsibility. Following that, saving ensures that you are setting aside funds for future needs, whether for emergencies, retirement, or specific goals like buying a home or funding education.

Only after giving and saving do you focus on spending. This way, you control your expenditures rather than letting them dictate your financial behavior. It helps people to live within their means while ensuring that they are financially responsible for their future and supporting causes they care about.

This budgeting approach encourages a holistic view of personal finance that prioritizes long-term stability and fulfillment over immediate gratification, laying a strong financial foundation regardless of one's income level.