Five Steps to Financial Freedom

These five steps are taken from the LDS visiting teaching message for February 2010. They are inspired and will lead to financial security and happiness.

1. Pay your tithing
2. Spend less than you earn
3. Learn to save
4. Honor your financial obligations
5. Teach your children to follow your example


“When we go into debt, we give away some of our precious, priceless agency and place ourselves in self-imposed servitude. We obligate our time, energy, and means to repay what we have borrowed—resources that could have been used to help ourselves, our families, and others. …To pay our debts now and to avoid future debt require us to exercise faith in the Savior—not just to do better but to be better. It takes great faith to utter those simple words, ‘We can’t afford it.’ It takes faith to trust that life will be better as we sacrifice our wants in order to meet our own and others’ needs.”

Elder Robert D. Hales of the Quorum of the Twelve Apostles.