Budgeting

Thrift

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“In your youth, you formed habits of praying and reading scriptures. Capitalize on those habits as well as the skills you learned of cooking and budgeting. With your righteous desires and your homemaking abilities, you will build a home that is a haven of peace and a fortress of strength.”

Susan W. Tanner, Young Women General President
Did I Tell You…?” April 2003 General Conference

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“Wise home and money management instruction should help each sister learn how to bring all expenditures within the family income. It has been thoughtfully said that we should set our scale of living one degree below our means. No longer can we ignore the imperative of this principle.

“The first hard rule of fixing our scale of living below our means is to budget, planning first for basic needs and then for other desired items.

“We should help all women enjoy the peace of mind that comes from making and following a plan for spending. Their lives will begin to have an aura of serenity when their expenses stay within their income.

“Women must learn to budget and to help their children learn to budget also. Women and children should know that, no matter how important or how worthwhile an item might seem to be, if they cannot afford it, it is an unwise expenditure. Such expenditures lead to debt; and unwise debt leads to economic insecurity, which most often causes stress in the family. You can make it easier for your children if you do as Elder Marvin J. Ashton suggests: ‘ ‘Save your money’ is a hollow pronouncement from a parent to a child. ‘Save your money for a mission, a bicycle, a doll house, a trousseau, or a car’ makes understandable sense.’

“Living on a budget is not a chore. It need not even be a deprivation. Budgeting should be a great learning experience.”

Barbara B. Smith, Relief Society General President
Reach for the Stars,” April 1981 General Conference

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“We encourage women to economize in creative ways such as—

  1. Exchanging skills, when practical, instead of money; exchanging excess vegetable produce from one garden for fruit from another; exchanging rather than buying books, musical instruments, Scout uniforms, etc.
  2. Becoming more knowledgeable gardeners; developing their own garden seeds gathered from their own high quality produce.
  3. Saving time and money by organizing their homes into efficient work and storage centers and by preparing food with their own mixes.

“This means that all will make wise use of the resources available to them as they live each day and prepare for the future.”

Barbara B. Smith, Relief Society General President
Follow Joyously,” October 1980 General Conference

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“Let us become better managers of our economic resources. The first step could be to plan a workable budget. This should be one that is uniquely right for us. Our budget, in addition to allowing for the basic payments to the butcher, the baker, and the mortgage loan banker, should include a payment to ourselves—in the form of savings, even though it may be meager at first.”

Barbara B. Smith, Relief Society General President
Follow Joyously,” October 1980 General Conference

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“…life is made up of small daily acts. Savings in food budgets come by pennies, not only by dollars. Clothing budgets are cut by mending—stitch by stitch, seam by seam. Houses are kept in good repair nail by nail. Provident homes come not by decree or by broad brushstroke. Provident homes come from small acts performed well day after day. When we see in our minds the great vision, then we discipline ourselves by steady, small steps that make it happen. It is important to realize this correlation between the large and the small.”

Barbara B. Smith, Relief Society General President
Follow Joyously,” October 1980 General Conference

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“Let us as women in the Church today make happy, provident living a life-style in our homes, approaching this goal in a spirit of challenge and innovation and thanksgiving. Let us see what creativity can do to heighten the standard of our living, not reduce it—to be provident without becoming penny-pinching, miserly, or ungenerous. We have many ideas displayed in the Relief Society Building, and we invite you to come and see them.”

Barbara B. Smith, Relief Society General President
Follow Joyously,” October 1980 General Conference

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