Personal Finance and Family Finance ideas and articles from an LDS perspective.

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It’s nearly half way through the year now, so now is a great time to pull out your master plan for your personal finances - and make sure your budget for the year still makes sense. One consideration to make as you update your financial budget should be rising gas prices.

Sure, today’s national average of $2.63 a gallon may seem bad when compared to a few years ago, but it’s certainly a refreshing break from last year’s average around this same time - a scorching $4.04 per gallon.

That being said, AAA reports gas prices are on the rise Read more…

Elder Hales recently visited our local Stake Conference and shared his great apostolic testimony, wisdom, and a lot of laughs during the Saturday night sessions for the adults of the stake. His thoughts on life and our family relationships reminded me of his recent talk on Provident Living.

Certainly there is a good side in all of the economic turmoil we are seeing today. As Elder Hales said earlier this year: Read more…

This Money Saving Idea was submitted by a MormonFinance.com reader - Boss from Idaho.

Here’s my thoughts of saving phone bill money….

About a year ago, our financial life took a strong turn to the downside. We quickly found ourselves with too many bills, including about a $200/month landline/cell phone bill. We knew we had to make some changes to stay in the ‘Black’. So here is what we did in regards to our phone service.

1) Switch to Cell Phones. We decided that the cell phones were more useful than the landline. At the time, we were paying around $35/service and $20/long distance plan… Total $55. By stopping that service, we are saving Read more…

I like to watch a good episode of The Office just as much as the next guy. However, if you’re looking to save money, you might take a moment and consider the benefits of getting off your duff and going for a walk or Read more…

Throughout all the finger pointing in recent months as to the case of the current recession our nation has found itself in - it’s interesting to me that nobody (within the reach of the average listener or reader) has been willing to point the finger at the real cause - ourselves. Hopefully my readers don’t fall into the category of those who are to blame - but I see our economic troubles caused by the everyday consumer and the world they’ve built around them.

We plead for that which we do not need. We buy that which we can’t afford. We borrow to pay those from whom we’ve borrowed to enjoy the pleasures we’re better off without. We expect that which we do not deserve. We carry the banner around with us where ever we go: “I want something for nothing.” Shame on the average American consumer.

Businesses and consumers alike fall deeper and deeper into debt searching for ‘a better life’ or ‘a higher profit’ - without care or regard for the consequences. We buy expansive and expensive houses we cannot afford and do not need - then complain Read more…