Charity is also done for religious purposes; it just depends on where your interest lies in donating. It is estimated that one should give at least 10% of his or her profits in charity or donation. This fact has been shared in one of the most famous books about money management named “The Richest Man in Babylon”. Just spending your money on yourself and your family and living a life full of material pleasures will not give you the peace of mind that you need. The moment you know that your little deed of charity has brought a smile to someone’s face is the moment you will achieve that peace of mind which you truly desire from the bottom of your heart.