Making the Most of Our Cents

Most of us have felt the sting of economy becoming tighter and jobs harder and harder to come by. In this tough environment it is vital to our families to make every dollar stretch further.  How can we do this when our income hasn't changed, or maybe our situation has gotten worse? We can follow the council of our Prophet and his leaders concerning finances.

Here is a small list of things they have asked each of us to do to help us navigate our changed economy.

• Get out of debt - If we stay out of debt, money that would have normally gone to interest can stay in our pockets or help pay for things that we need more. If you have debt, make a plan to get out of it. 
• Be Frugal - By being choosy about where our money goes we can save money, and we can spend our limited funds on the things that are most important and lasting
• Emergency Savings - We have been encouraged to have a small amount of emergency funds stashed away. If we have these funds saved and available we will not have the need to go into debt to pay for the emergencies that pop up like the car breaking down, illness, or an appliance breaking. 

By following the council of the prophets we can secure for ourselves peace for today without the worry about tomorrow.