No one ever became poor from giving. Anne Frank
Traditional Accounting Categories
What categories do you keep track of in your personal accounting?
- Assets: Things you own.
- Liabilities: Things you owe like mortgages and car loans.
- Equity: Things that are worth more than what you owe on them.
- Revenue: Income
- Expenses: Bills, bills, bills.
Good. These are items are very important to our personal financial health.
Additional Accounting Categories
But they’re not the only items to account for. Here are a few suggestions for other important accounting categories.
- Goodwill: Friendly, helpful, or cooperative feelings or attitude you’ve engendered in people around you.
- Love: Deep feelings of affection you feel for others and others feel for you.
- Family: Quality of relationships with those you share a blood (or feels like blood) bond.
- Friendship: Quality and number of relationships you hold with others.
- Peace of Mind: Absence of mental stress or anxiety.
- Impact: The difference you’re making in the world.
A subtraction in the financial asset column is a plus in a number of other columns. Your monetary donation can increase your Goodwill, Love, Peace of Mind, and Impact accounts.
As the financial asset column increases, the number of hours you spend working may decrease the balance of your Family and Friends account.
Give, because no one ever become poor from giving. It’s impossible when your accounting system accounts for all areas of our physical, emotional, and spiritual well-being.