Wise Financial Management During Tough Economic Times
The church continue to emphasize, with increasing frequency, living within our means and using a budget.
Selected Quotes from this article:
Richard W. Ebert Jr., the director of Employment Resource Services for The Church of Jesus Christ of Latter-day Saints, says, “Financial problems are a source of much unhappiness and are certainly a major factor in family and work difficulties. Unresolved, they can lead to crushing debt and divorce.”
- Avoid debt…
- Use a budget…
- Teach family members early the importance of working and earning…
- Work toward home ownership…
- Appropriately involve yourself in an insurance program to avoid the significant debts place upon families when they are uninsured.
- Involve yourself in a food storage and emergency preparedness program…
- Build a reserve…
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