If you go to a soup kitchen and donate one hour of your time, you will help some people. But if you work at a job that pays $25/hour, when you donate that money to the soup kitchen, they can hire help for at least 3 hours!
It gets even better if you give to charities that work in developing countries: for $25 you could fully fund a cataract surgery that will restore vision to a blind individual!
It’s counterintuitive to think this way at first, but think it through. If you give even a small fraction of your income, as long as you give to the most cost-effective charities, you can do a serious amount of good in the world! Every $5 protects someone from malaria for about 5 years and every $0.50 cures someone of parasitic worms in their stomach.
Do you think you can help someone more than if you spend one more hour at work and donate that money to a cost-effective charity?
About Our Guest Blogger
Boris Yakubchik is a member of Giving What We Can and gives 50% of his income to the most cost-effective charity he can find.
He was inspired to give after reading Famine, Affluence, and Morality by Peter Singer and directs his donations based on research done by GiveWell.
He currently works as a high school math teacher. He is a vegetarian and an avid reader of philosophy and psychology.