“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).
In the pamphlet One for the Money: Guide to Family Finances by Marvin J. Ashton, he describes 12 points to improved personal and family financial management.
1. Pay an honest tithing.
2. Learn to manage money before it manages you.
3. Learn self-discipline and self-restraint in money matters. (avoid debt)
4. Use a budget.
5. Teach family members early the importance of working and earning.
6. Teach Children to make money decisions in keeping with their capacities to comprehend.
7. Teach each family member to contribute to total family welfare.
8. Make education a continuing process.
9. Work toward home ownership.
10. Appropriately involve yourself in an insurance program.
11. Understand the influence of external forces on family finance and investments.
12. Appropriately involve yourself in a food storage and emergency preparedness program.
There is also a very cute video about two children that dress up as adults and pretend to be a young married couple discussing finances.
https://www.lds.org/media-library/video/2014-06-1140-first-things-first?lang=eng
In the pamphlet One for the Money: Guide to Family Finances by Marvin J. Ashton, he describes 12 points to improved personal and family financial management.
1. Pay an honest tithing.
2. Learn to manage money before it manages you.
3. Learn self-discipline and self-restraint in money matters. (avoid debt)
4. Use a budget.
5. Teach family members early the importance of working and earning.
6. Teach Children to make money decisions in keeping with their capacities to comprehend.
7. Teach each family member to contribute to total family welfare.
8. Make education a continuing process.
9. Work toward home ownership.
10. Appropriately involve yourself in an insurance program.
11. Understand the influence of external forces on family finance and investments.
12. Appropriately involve yourself in a food storage and emergency preparedness program.
There is also a very cute video about two children that dress up as adults and pretend to be a young married couple discussing finances.
https://www.lds.org/media-library/video/2014-06-1140-first-things-first?lang=eng