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Finance Articles

Family Finance Message from the First Presidency

Family Finance Message from the First Presidency

First Presidency Dear Brothers and Sisters: Latter-day Saints have been counseled for many years to prepare for adversity by having a little money set aside. Doing so adds immeasurably to security and well-being. Every family has a responsibility to provide for its own needs to the extent possible. 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. Pay off debt as quickly as you can, and free yourselves from this bondage. Save a little money regularly to gradually build a financial reserve. 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. May the Lord bless you in your family financial efforts. The First Presidency THE BASICS OF FAMILY FINANCES PAY TITHES AND OFFERINGS Successful family finances begin... Read the rest of this article »

One For The Money

One For The Money

By Elder Marvin J. Ashton (1915–94) Ensign, Sep 2007, 36–39 Recently I had the opportunity to visit with a choice young couple. They were to be married within the week. Their eyes sparkled in anticipation of the important event and their continuing love for one another. Both had the advantages of a college education, good homes, and cultural experiences. It was delightful to share their personalities, plans, and potentials. Their courtship already seemed appropriately launched on an eternal basis. During our interview, their response to only one question gave me concern. I hope my anxieties and suggestions caused them to reassess their pending partnership’s future. To the question “Who is going to manage the money in your marriage?” she said, “He is, I guess,” while he responded, “We haven’t talked about that yet.” These comments surprised and shocked me. How important are money management and finances in marriage and family affairs? Tremendously. The American Bar Association... Read the rest of this article »

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