Eric Poulin

Posts Tagged ‘mormon’

Not long ago, the church created a short online course called, Peace in Your Hearts: Managing Household Finances Wisely, which is aimed at providing the very basics of personal finance education. If you are just getting started, its a good place to start. For a more detailed online course, check out the course from BYU.

I received an email from a friend with a transcript of Elder Boyd K Packer speaking at a testimony meeting on Oct 12.

However, I have removed the attachment after reading further here: Comments from another blogger who called church headquarters about it, and having received a number of emails through regular church channels suggesting that the comments were not accurate.

Climbing Out of Debt by President Hinckley

Exerpts:

“Realize It Is a Spiritual Matter

1. Paying an honest tithing.
2. Paying a generous fast offering.
3. Giving time, talent, and energy toward building the kingdom of God.’
4. Following principles of self-reliance.
5. Cultivating gratitude.

‘We are beguiled by seductive advertising. Television carries the enticing invitation to borrow up to 125 percent of the value of one’s home. But no mention is made of interest.’ Read the rest of this entry »

Ezra Taft Benson addressing BYU students about debt.

President Monson gave a great talk and discussed 3 things we can do to qualify to be God’s people

1. Learn what we should learn
2. Do what we should do
3. Be what we should be

Since the Book of Mormon promises that if we keep the commandments, we’ll prosper in the land, and especially in our troubled times, we need to heed this counsel.

Experts: Read the rest of this entry »

Family Finances

Family Home Storage

Seeing the need for basic education about money, the First Presidency releases the pamphlet “All is Safely Gathered In: Family Finance”.

This pamphlet is released in conjuntion with the pamphlet “Prepare Every Needful Thing: Family Home Storage”.

Following the principles discussed in these pamphlets will protect you from emergency needs. Of note is the repeated advice to budget your money. While most people know they should be doing this, its hard to get on a regiment, but its essential to your financial fitness.

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.”

1. Avoid debt…
2. Use a budget…
3. Teach family members early the importance of working and earning…
4. Work toward home ownership…
5. Appropriately involve yourself in an insurance program to avoid the significant debts place upon families when they are uninsured.
6. Involve yourself in a food storage and emergency preparedness program…
7. Build a reserve…

2008 OCT General Conference – Sat. Morning: Elder L Tom Perry (Let Him Do It With Simplicity):

• Stress and anxiety can be caused by ups and downs of the economy and associated circumstances
• spoke of US housing crisis, rising fuel costs. Future is not predictable, but we must
• Encouraged us to return to a simple life and living within our means to reap the spiritual blessings that come from it.
• Told story of a man who went to live in a rural area for 2 years, not as a hermit, but to live simply to figure out the meaning of life.
  • built his own home and reedom for $28.04. Planted a garden to sell food to sustain himself (made only $8.71).
  • He enjoyed spirutual benefits of a simple lifestyle.
  • He determined that to survive we need 4 things: Food, clothing, shelter and fuel.

Earthly Debts, Heavenly Debts

Exerpts:

“All too often a family’s 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 is avoidable anxiety and distress”

One of my favorite talks about debt. This talk made me get my act in gear regarding food storage. Its interesting that now, 10 years later the economies of North America are not doing very well. That rehearsal of Pharoah’s dream, with 7 years of plenty was truly prophetic.

http://www.lds.org/conference/talk/display/0,5232,89-1-22-20,00.html

Exerpts:

“…I am suggesting that the time has come to get our houses in order.

So many of our people are living on the very edge of their incomes. In fact, some are living on borrowings.

What a wonderful feeling it is to be free of debt, to have a little money against a day of emergency put away where it can be retrieved when necessary…..

I urge you, brethren, to look to the condition of your finances. I urge you to be modest in your expenditures; discipline yourselves in your purchases to avoid debt to the extent possible. Pay off debt as quickly as you can, and free yourselves from bondage. Read the rest of this entry »