Prepare Every Needful Thing

"If ye are prepared, ye shall not fear"

Financial Preparedness–May 2013

Leave a comment

Habits: Pay Tithing and Track your Spending

coins-600x600

  1. The Lord has promised great blessings to those who pay a full and honest tithe and so any financial preparedness program should begin there.  By returning a tenth to the Lord, we exercise our faith, show gratitude for His blessings and open the windows of heaven to receive help and guidance as we work to become better prepared.  Please contact the bishop if you have questions or concerns.
  1. The second goal for the month is to keep track of what you spend.  Hang on to all receipts, bills and invoices.  Record these amounts regularly.  Most find recording either daily or weekly works best, as the transactions are still fresh in one’s mind and the quantity of work is very manageable. The record-keeping can take place in a notebook, in a spreadsheet or on a computer budgeting program.  Some banks and credit unions even offer such tools as part of their services.  Just find a method that works for you and begin.  This is an important preliminary step for setting up a budget, which we will do next month!

Basic budget sheet from lds.org:

Sample budget worksheet

“Wherefore, be not weary in well-doing, for ye are laying the foundation of a great work. And out of small things proceedeth that which is great.”   D&C 64:33
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s