Tuesday, December 11, 2012

BUDGETING/FINANCES/DEBT


       “We urge all Latter-day Saints to be prudent in their planning, to be conservative in their living, and to avoid excessive or unnecessary debt. “ 
–President Thomas S. Monson

         “All of these excesses affect us individually and undermine our family relationships. Of course some debt incurred for education, a modest home, or a basic automobile may be necessary to provide for a family. Unfortunately however, additional debt is incurred when we cannot control our wants and addictive impulses.” 
-Elder Robert D. Hales

         “All of us are responsible to provide for ourselves and our families in both temporal and spiritual ways. To provide providently, we must practice the principles of provident living: joyfully living within our means, being content with what we have, avoiding excessive debt, and diligently saving and preparing for rainy-day emergencies. When we live providently, we can provide for ourselves and our families and also follow the Savior’s example to serve and bless others.” 
-Elder Robert D Hales

         “We should regularly review our family income, savings, and spending plan in family council meetings. This will teach our children to recognize the difference between wants and needs and to plan ahead for meaningful use of family resources.” 
-Elder Robert D Hales

         "One of the better ways to simplify our lives is to follow the counsel we have so often received to live within our income, stay out of debt, and save for a rainy day. We should practice and increase our habits of thrift, industry, economy, and frugality. Members of a well-managed family do not pay interest; they earn it." 
-Elder L. Tom Perry

        "We do live in turbulent times. Often the future is unknown; therefore, it behooves us to prepare for uncertainties. Statistics reveal that at some time, for a variety of reasons, you may find yourself in the role of financial provider. I urge you to pursue your education and learn marketable skills so that, should such a situation arise, you are prepared to provide."
-President Thomas S. Monson

         "Avoid the philosophy and excuse that yesterday's luxuries have become today's necessities. They aren't necessities unless we ourselves make them such. . . . It is essential for us to live within our means." 
-President Thomas S. Monson

         “May each of us also overcome worldly temptation by coming unto Him and becoming provident providers both temporarily and spiritually for ourselves and others.” 
-Elder Robert D. Hales

         “Everyone faces financial challenges in life. Through wise budgeting, control your real needs and measure them carefully against your many wants in life. The prophet Jacob said to his people: “Wherefore, do not spend money for that which is of no worth, nor your labor for that which cannot satisfy” (2 Nephi 9:51). Remember to always pay a full tithing.” –Elder M. Russell Ballard

        “In our search to obtain relief from the stresses of life, may we earnestly seek ways to simplify our lives. May we comply with the inspired counsel and direction the Lord has given us in the great plan of happiness. May we be worthy to have the companionship of the Holy Ghost and follow the guidance of the Spirit as we navigate this mortal journey. May we prepare ourselves to accomplish the ultimate purpose of this mortal test—to return and live with our Heavenly Father…” 
–Elder L. Tom Perry

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