What You'll Need: LDS hymnal, printed copy of the Monthly Money Game.
You can also choose to download the pdf of LESSON 47 for easy printing. If you download, please leave a comment here on what you like about this lesson.
Quote: "Money in the lives of Latter-day Saints should be used as a means of achieving eternal happiness...God will open the windows of heaven to us in these matters if we will but live close to Him and keep His commandments". - Elder Marvin J. Ashton
Opening Song: Count Your Blessings (PCS #241, vs. 3)
Heavenly Father has blessed us with everything we have. Our home, our family and all of our blessings. To live as a family we have to make and use money. Heavenly Father has told us to use our money wisely so our family can be happy, healthy and prepared for emergencies.
The Prophets council us to get a good education so we can earn a living. We must work hard and do our best at all times in order to provide for our families. They have counseled us to use our money wisely. Here are some of their suggestions.
- Pay an honest tithing. We have been commanded to pay 10% of our income to the church and to also pay Fast Offerings. When we pay these things we will be blessed.
- Live on less than you earn. We should try to keep our expenses (amount of money we spend each month) to less than the amount of money we make. President N. Eldon Tanner said, "I am convinced that it is not the amount of money an individual earns that brings peace of mind as much as it is having control of his money."
- Learn to distinguish between needs and wants. Sometimes we really want something because it would be fun to have, but that doesn't mean that we need that thing. We should spend money on things we need before spending money on things we want.
- Develop and live within a budget. A budget means you write down how much money you make and how you want to spend that money. Then you must only spend the money you decided to spend and keep track of it carefully. "...successful people have learned that a budget makes real economic freedom possible." (President N. Eldon Tanner)
- Save for the future. We never know when we will need extra money. Sometimes things break or someone gets sick and we need to have some money saved to make it possible to still pay our other bills. "How blessed is he who learns to spend less than he earns and puts something away for a rainy day." (President N. Eldon Tanner)
- Stay out of debt when you can. Debt is when you borrow money to get something you need, but when you pay it back you have to pay back even more than you borrowed. The Prophets have said it's okay to use debt to buy a home or pay for college, but we should be careful not to go into debt for things we don't really need. Gordon B. Hinckley said,“Set your houses in order. If you have paid your debts, if you have a reserve, even though it be small, then should storms howl about your head, you will have shelter for your wives and children and peace in your hearts”
Bear your testimony about the hard work, energy and blessings that provide your family income and the responsibility we have to use our money wisely.You may choose to include your testimony of paying an honest tithe, even when it is hard or share a time when your savings helped you in an emergency.