So I received a grant this year for school, and in order to receive it, I had to complete a financial course on-line called "Peace in Your Hearts". I learned a lot from this course, obviously things that I already knew, but just needed to remind myself about it. I also had to read 5 articles written by chruch leaders on financial managment. My favorite talk that I read from here was "Earthly Debts, Heavenly Debts".
He outlined some great goals and guidelines
1st Pay your tithing- Do this before you pay the bills, and other expenses
2nd Spend less then you earn- "All too often a family's spending is governed more by their yearning than their earning. They somehow believe that their life will be better if they surround themselves with an abundance of things. All too often all they are left with is avoidable anxiety and distress." Doing this helps the next guideline.
3rd Learn to save- "Too often, people assume that they probably never will be injured, get sick, lose their jobs, or see their investments evaporate. To make matters worse, often people make purchases today based upon optimistic predictions of what they hope will happen tomorrow." I've read somewhere while doing this assignment of people that expected a bonus, or a large tax return, and before they received the money, made purchases like they had already received it, and they ended up either not getting the money, or not getting as much as they expected.
He outlined two more guidelines that are just as fantastic as these three. If you want to learn more about what I learned, I will let you read it yourself. I really suggest reading some of the talks and completing the on-line course, even if you feel you are financially stable, there might be something that you could learn from and start using in your life. As a student I learned a lot and there are things that I am going to use starting now and in the future.
