Managing Your Money

"Wherefore, do not spend money for that which is of no worth, nor your labor for that which cannot satisfy...come unto the Holy One of Israel, and feast upon that which parisheth not..."

(2 Nephi 9:51 )

12 points for sound financial planning from Marvin J. Ashton's book "One For The Money"

1. Pay an honest tithe
2. Learn to manage money before it manages you.
3. Learn self-discipline and self restraint in money matters.
4. Use a budget.
5. Teach family members early the importance of working and earning.
6. Teach children to make money decisions in keeping with their capacities to comprehend.
7. Teach each family member to contribute to the total Family Welfare.
8. Make education a continuing process.
9. Work towards home ownership
10. Appropriately involve yourself in an insurance program.
11. Understand the influence of external forces on Family finances and investments.
12. Appropriately involve yourself in a food storage and emergency preparedness program.
 

"I think if I were starting with a young family, I would want to get the twelve points explained by Brother Ashton and follow them explicitly myself and teach my children and my family and everybody with whom I came in contact.  It is basic."

President Spencer W. Kimball

"The Love of money is the root of all evils because it often involves selfishness.  On the other hand the wise use of money involves principles of righteousness .  It involves sacrifice and discipline .  It is the acid test of our faith."
James E Faust

"The wind and waves will periodically interfere with our chosen course, even in financial matters; but the laws of the gospel can bring us back on course and guide us to peaceful waters."

Marvin J. Ashton

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