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

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I recently spoke with a friend that told me he had been paying a $25 fee every time he wrote a check that bounced! To all my readers out there - oh please . . . I beg you . . . don’t pay money for something as silly as a bounced check (also known as insufficient funds - it happens with debit cards too)!

If you have the habit of running your checking account into the negative - don’t worry about it! A great way to save money is to talk to your bank or credit union and set up Read more…

In a recent Ensign article, “Focus on Family Finance”, Allie Schulte of Church Welfare Services offers some great advice on the Lord’s financial plan for LDS church members, taken from the All is Safely Gathered In: Family Finances, an official church publication. Here’s what I learned from Sister Schulte’s article:

Although members may be faced with financial trials, they can feel secure as they turn away from the philosophies of the world and rely on the gospel of Jesus Christ and the counsel of Church leaders.

Here are five basic principles aimed at helping us survive the financial storms of Mormon living: Read more…

In 1981, Elder Ballard, then a member of the Presidency of the First Quorum of the Seventy, gave the following stats:

• Fewer than 50% of the members surveyed have a year’s supply of financial resources
• 89% feel the burden of increased taxes and inflation
• 31% percent of the families are doing without many things
• 39% are not earning enough money to meet their basic needs

Has much changed in the 28 year that have passed? Consider those four areas - how are you doing?

To help us improve our family and personal financial positions, Elder Ballard introduced 3 main areas of consideration: attitude, planning, and self-discipline. Read more…