Tag Archives: generosity

Could You Live Off of 6% of Your Income?

Meet Julia and Jeff, a couple who live on just 6% of their income in order to give away $100,000 year. 20151006_101110

“Julia Wise is a social worker and her husband, Jeff Kaufman, is a software engineer. In 2013, their combined income was just under $245,000, putting them in the top 10% of US households. And yet, excluding taxes and savings, they lived on just $15,280, or 6.25% of their income.

What happened to the rest of their income, just under $100,000? They gave it to charity.

That’s 40% of their pre-tax earnings, and it’s not a one-off: They’ve donated a comparable percentage every year since 2008” (see full article here).

Does this seem crazy to you? It does to me. Granted, this couple saves a lot because they have a pretty decent income, but what is remarkable to me is how they must sacrifice in their every day life – living on just over $15,000 a year – in order to give more.