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

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Featured Article: Reader Question: My First Credit Card

First Credit Card

Reader Question from Sarah in Idaho:

“I want to get a credit card because I need to start making good credit! I am 23, and I don’t have anything right now.  (I want one soon, because I’m going to be buying a new computer and I figure that’s a big enough purchase to start me off well with a credit card.)  A friend suggested I get one from my Credit Union, and I’ve heard that’s what you did.  Would that be the smart thing to do? My credit Read more…

6 Credit Rights

Lenders can get a little nasty sometimes and cause havoc on your credit score. That’s why our ‘friends’ in the federal government put together the Fair Credit Reporting Act a while back. Here’s six basic rights regarding your credit report and credit score that you should know about! Read more…

Elder Hales

I know I just posted a quote from Elder Hales last week - but I ran into a situation this week that reminded me of this quote - and I just had to get your thoughts on it! Have you had any experiences with the following thought from Elder Hales?

“Being provident providers, we must keep that most basic commandment, Read more…

Delinquencies on the Rise

Last week the American Bankers Association announced that loan delinquencies (loans with payments past 30 days overdue) have reached a record high in the United States for the first quarter of the year. This stat begs the question - how important is it to pay back our debts? What if we lose our employment? What if we can’t feed our family?

Elder Joseph B. Wirthlin commented on this very subject: “Let me tell you Read more…

Credit Cards are About to Change Forever

If you’ve got a credit card (whether you use it or not) - there’s some new legislation about to take effect that you should know about and understand - because it will affect the way you handle your cards!

The Credit Card Accountability, Responsibility and Disclosure Act will go into effect little by little over the coming year. Here’s 9 major points from this new law from congress and how they’ll change your life with credit cards forever! Read more…

Elder Hales

Those four words, according to Elder Hales, are the key to living providently, and maintaining financial peace in a marriage and family. Beyond all other money saving ideas and strategies - the greatest is to simply cut down on spending - to differentiate between wants and needs, and control the wants.

Elder Hales teaches the “We Can’t Afford It” lesson with two stories Read more…