Financial IQ: What is Tithing?

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Financial IQ Philippines Quick Hit(s):

Tithing is donation to church and charities.  Kudos to everyone who practices tithing.


Dawn Zulueta-Lagmadeo, who incidentally traces her maternal ancestral roots to Bethlehem in Israel, told this writer that she agrees with our advocacy to encourage saving money as a national habit in the Philippines. Dawn said that even while she was starting out as a model and, later, a young actress, she had learned to always save money in bank deposits, treasury, as well as later investing in realty properties and also jewelry.


Dawn added: “I believe in the importance of life insurance. It’s like stashing away money and forgetting about it until — God forbid — something happens and it will help our loved ones. I am so segurista. I encourage people to buy life insurance and to choose only reputable big companies. It is also good for those who live too long and if we’re old and not always productive … I usually also set aside 10 percent of my income for charities and for doing God’s work.”


This practice of Dawn’s and other Christians setting aside 10 percent of their income to donate to the church and charities is called tithing, and is based on Bible principles. 

http://www.philstar.com/Article.aspx?articleId=640798&publicationSubCategoryId=82