1. “ We encourage you wherever you may live in the world to prepare for adversity by looking to the condition of your finances. We urge you to be modest in your expenditures; discipline yourselves in your purchases to avoid debt. If you have paid your debts and have a financial reserve, even though it be small, you and your family will feel more secure and enjoy greater peace in your hearts.”
All is safely gathered in: family finances
2. Spending less money than you make is essential to your financial security. Avoid debt, with the exception of buying a modest home or paying for education or other vital needs. If you are in debt, pay it off as quickly as possible. Some useful tools in becoming debt are a debt-elimination calendar and a family budget worksheet.
lds.org/finances
3. We must learn to distinguish between wants and needs. We should be modest in our wants. It takes self- discipline to avoid the “ buy now, pay later” philosophy and to adopt the “ save now and buy later” practice.
lds.org/financies
4. Elder Joseph B. Wirthlin taught:” All too often a family spending is governed more by their yearning than by their earning. They somehow believe that their life will be better if they surround themselves with an abundance of things. All too often all they are left with a avoidable anxiety and distress.”
Earthly debts, Heavenly debts May 2004
5. President N. Eldon Tanner taught:” Those who structure their standard of living to allow a little surplus, control their circumstances. Those who spend a little more than they earn are controlled by their circumstances. They are in bondage.”
Constancy amid Change- Feb 1982
6. President Gordon B. Hinckley taught:” Set your houses in order. If you have paid your debts, if you have a reserve, even though it be small, then should storms howl about your head, you will have shelter for your wives and children and peace in your hearts.”
To the Boys and to the men- Jan 1999
7. “ Look to the condition o your finances. Discipline yourself in your purchases, avoiding debt to the extent you can. In most cases, you can avoid debt by managing your resources wisely. If you do incur debt, such as a reasonable amount in order to purchase a modest home or complete your education, work to repay it as quickly as possible and free yourself from bondage. When you have paid your debts and accumulated some savings, you will be prepared for financial storms that may come your way. You will have shelter for your family and peace in your heart.”
lds.org/ debt
8. “ Some forms of credit, such as credit cards, have particularly high interest rates. Once you are in debt, you find that interest has no mercy. It continues to accumulate, regardless of your situation- whether you are employed or jobless, healthy or sick. It never goes away until the debt is paid. Do not be deceived by credit offers, even if they make debt seem attractive by promising low interest rates or no interest for a certain period of time.
lds.org/ debt
9. Brigham Young, under similar conditions, said;” Set the poor to work- setting out orchards, splitting rails, digging ditches, making fences, or anything useful, and so enable them to buy meal and flour and the necessities of life.”
lds.org/debt
All is safely gathered in: family finances
2. Spending less money than you make is essential to your financial security. Avoid debt, with the exception of buying a modest home or paying for education or other vital needs. If you are in debt, pay it off as quickly as possible. Some useful tools in becoming debt are a debt-elimination calendar and a family budget worksheet.
lds.org/finances
3. We must learn to distinguish between wants and needs. We should be modest in our wants. It takes self- discipline to avoid the “ buy now, pay later” philosophy and to adopt the “ save now and buy later” practice.
lds.org/financies
4. Elder Joseph B. Wirthlin taught:” All too often a family spending is governed more by their yearning than by their earning. They somehow believe that their life will be better if they surround themselves with an abundance of things. All too often all they are left with a avoidable anxiety and distress.”
Earthly debts, Heavenly debts May 2004
5. President N. Eldon Tanner taught:” Those who structure their standard of living to allow a little surplus, control their circumstances. Those who spend a little more than they earn are controlled by their circumstances. They are in bondage.”
Constancy amid Change- Feb 1982
6. President Gordon B. Hinckley taught:” Set your houses in order. If you have paid your debts, if you have a reserve, even though it be small, then should storms howl about your head, you will have shelter for your wives and children and peace in your hearts.”
To the Boys and to the men- Jan 1999
7. “ Look to the condition o your finances. Discipline yourself in your purchases, avoiding debt to the extent you can. In most cases, you can avoid debt by managing your resources wisely. If you do incur debt, such as a reasonable amount in order to purchase a modest home or complete your education, work to repay it as quickly as possible and free yourself from bondage. When you have paid your debts and accumulated some savings, you will be prepared for financial storms that may come your way. You will have shelter for your family and peace in your heart.”
lds.org/ debt
8. “ Some forms of credit, such as credit cards, have particularly high interest rates. Once you are in debt, you find that interest has no mercy. It continues to accumulate, regardless of your situation- whether you are employed or jobless, healthy or sick. It never goes away until the debt is paid. Do not be deceived by credit offers, even if they make debt seem attractive by promising low interest rates or no interest for a certain period of time.
lds.org/ debt
9. Brigham Young, under similar conditions, said;” Set the poor to work- setting out orchards, splitting rails, digging ditches, making fences, or anything useful, and so enable them to buy meal and flour and the necessities of life.”
lds.org/debt