Monday, November 21, 2011

Finance$

There is an amazing pamphlet that the church puts out called One For the Money. This pamphlet gives all kinds of advice about budgeting your money and how to not get into debt. If you are in debt, there is a great table in there about how to get out of debt. Basically what you do is put the things you have to pay for each month in order from most important, and then each month you pay each of your bills. Once you finish the first payment, you take the money you would have used for that one the next month and you add that to the payment of the next thing you have to pay off. Once that is paid off, you add the amount you would pay off on that one to the next thing in line, and soon after you have gotten yourself out of debt. Money is a very important thing to budget in a marriage, and it is especially important to budget it together as a companionship. It is a very powerful thing when a husband and wife make money decisions together. Brother Williams said that it's not really the dollar amount that matters, it's the fact that the husband and wife make the decision together. When couples are under stress, they commonly buy things just to make themselves feel better. If you did not have to budget, you would not develop much intimacy in marriage. My favorite thing that I have learned about money management is that when it comes to wants and needs, DATES ARE NEEDS!

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