Money
Management
We are a population of
people drowning in debt. Whether the debt is for a car, school, or a new
outfit, it is hard to find someone without some sort of debt to their name.
This debt can cause major conflict in the home.
“The American Bar
Association recently indicated that 89 percent of all divorces could be traced
to quarrels and accusations over money. Others have estimated that 75 percent
of all divorces result from clashes over finances. Some professional counselors
indicated that four out of five families are strapped with serious money
problems. May I at this time hasten to emphasize the fact that these marriage
tragedies are not caused simply by lack of money, but rather by the
mismanagement of personal finances.” Elder Marvin J. Ashton of the Church of
Jesus Christ of Latter day Saints
For those interested
in reading Elder Aston’s Guide to Family Finance, a link is provided. https://www.lds.org/bc/content/shared/content/english/pdf/language-materials/33293_eng.pdf
Another great source
for families dealing with debt is the Family & Debt page put out by
Debt.org. This site will help you arrange your finances to benefit your family.
http://www.debt.org/family/
Dave Ramsey is known
for his Total Money Makeover. He has provided many different tools to help
families get out of debt, and stay out of debt. Click here to see The 7 Baby
Steps. http://www.daveramsey.com/new/baby-steps/?snid=start.steps
Giving yourself
financial freedom gives your family extra protection against the threats of
this world. Your marriage will be happier and your family will be closer. The
car, the clothes, the debt isn’t worth the cost of your family. Raising
children in a home where a budget is followed and respected helps teach the
next generation.We need to live within our means and protect our families.
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