by David Edwards and Sophia Bischof
Part 1
This is the first of a series of short informational sessions called Provident Principles and Practices. Here are this week’s principles and practices.
PRINCIPLES: LDS leaders have counseled us to get out of debt, if we are in it, and to stay out. Although they have asked us to obtain a supply of needed food and non-food items, they have advised us against going into debt to obtain that supply (See J. Reuben Clark, Jr., General Conference, April 1937, and The First Presidency, in All Is Safely Gathered In: Family Home Storage, Feb. 2007, p. 1).
PRACTICES: A number of good practices related to debt, savings, and food and water storage are discussed in a talk given by Elder Marvin J. Ashton in the April 1975 General Conference. This talk is published by the LDS Church as an online booklet. A link to it is
http://providentliving.org/pfw/multimedia/files/pfw/pdf/6998_OneForTheMoney33293_pdf.pdf
(Once you open this online booklet, you can click the “X” on the table of contents window on the left to remove that window, then blow up the text on the right to 75% or 100% for easier reading.)
You’ll most likely enjoy reading the linked version online. Sections include information on
1. Tithing
2. Money Management
3. Financial Discipline
4. Budgeting
5. Work Ethic
6. Teaching Children about Money
7. Training Children to Contribute to the Family
8. Education
9. Owning a Home
10. Insurance
11. Economics
12. Emergency Preparedness
