Sitting down to review where you spent your money is not something we think of as fun....but it can be a very useful tool. When you regularly sit down and see where all your income is going, you:
- are able to see where adjustments need to be made
- are more likely to think before spending
- have more money (true)- it is amazing how much can slip through our fingers in small unplanned purchases
- have a sense of control over your money rather than it controlling you
Put 1/6 of your cash for your 72 hour kit goal in your kits this month. (We should now be 1/3 of the way to our goal! Way to go!)
From One for the Money By Elder Marvin J. Ashton:
"Teach children to make money decisions in keeping with their capacities to comprehend. 'Save your money' is a hollow pronouncement from a parent to a child. 'Save your money for a mission, a bicycle, a doll house, a trousseau, or a car' makes understandable sense.
"Family unity comes from saving together for a common, jointly approved purpose. In our home we found it unifying to have a child save for a major project and then, when the amount was achieved, we matched it with a predetermined percentage, similar to what the Church does with the wards and stakes in building and real estate matters.
"God help us to realize that money management is an important ingredient in proper personal welfare. Learning to live within our means should be a continuing process. We need to work constantly toward keeping ourselves free of financial difficulties. It is a happy day financially when time and interest are working for you and not against you."
