THE BASICS OF FAMILY FINANCES
PAY TITHES AND OFFERINGSSuccessful family finances begin with the payment of an honest tithe and the giving of a generous fast offering.
The Lord has promised to open the windows of heaven and pour out great blessings upon those who pay tithes and offerings faithfully (see Malachi 3:10).
AVOID DEBTSpending less money than you make is essential to your financial security.
Avoid debt, with the exception of buying a modest home or paying for education or other vital needs.
Save money to purchase what you need. If you are in debt, pay it off as quickly as possible.
USE A BUDGETKeep a record of your expenditures. Record and review monthly income and expenses. Determine how to reduce what you spend for nonessentials.
Use this information to establish a family budget.
Plan what you will give as Church donations, how much you will save, and what you will spend for food, housing, utilities, transportation, clothing, insurance, and so on.
Discipline yourself to live within your budget plan.
BUILD A RESERVEGradually build a financial reserve, and use it for emergencies only.
If you save a little money regularly, you will be surprised how much accumulates over time.
TEACH FAMILY MEMBERSTeach family members the principles of financial management.
Involve them in creating a budget and setting family financial goals.
Teach the principles of hard work, frugality, and saving.
Stress the importance of obtaining as much education as possible.
Here are some home preparedness tips:
THE BASICS OF FAMILY HOME STORAGE
THREE-MONTH SUPPLYBuild a small supply of food that is part of your normal, daily diet.
One way to do this is to purchase a few extra items each week to build a one-week supply of food.
Then you can gradually increase your supply until it is sufficient for three months.
These items should be rotated regularly to avoid spoilage.
DRINKING WATERStore drinking water for circumstances in which the water supply may be polluted or disrupted.
If water comes directly from a good, pretreated source then no additional purification is needed; otherwise, pretreat water before use.
Store water in sturdy, leak-proof, breakage-resistant containers.
Consider using plastic bottles commonly used for juices and soda.
Keep water containers away from heat sources and direct sunlight.
FINANCIAL RESERVEEstablish a financial reserve by saving a little money each week and gradually increasing it to a reasonable amount.
LONGER-TERM SUPPLYFor longer-term needs, and where permitted, gradually build a supply of food that will last a long time and that you can use to stay alive, such as wheat, white rice, and beans.
These items can last 30 years or more when properly packaged and stored in a cool, dry place.
A portion of these items may be rotated in your three-month supply.
My and my family are working working on all of this. To me, just having some water, salt, and wheat stored, makes me feel good. It makes me feel like I'm on a good path toward safety and peace, when the world is going in an opposite direction.
It's not costly either, I get 25 lb bags of wheat for around $6.00, a pound of salt is less than a dollar, and the water is free from my tap (stored in apple juice jugs). These things make a good start. A start that we can all do.
What do you think, can we get prepared and be financially free someday, starting now???