This weekend was our Stake Conference featuring a visit from Elder Robert D. Hales. I attended the Saturday Adult session with my husband, Sunday's general session with my family, and a special Stake youth fireside with Hubby, Bug and Loula Belle.
I'm not going to review all that Elder Hales said, but wanted to touch on what he said to the adults on Saturday night. As he began his address, he pointed out that we live in turbulent times and referenced the upheavel in the financial markets that has taken place lately. He found it interesting that those who speculated in the market and made large profits over the last decade now want the government to bail them out -- all while avoiding too much loss. Elder Hales said, "The government doesn't have money. The money for government comes from the people." Those are sobering words.
Here at Belly Acre Farm we get the Wall Street Journal. I've made a point of reading all about Black September -- why it happened and whether or not the government's bail-out is going to work. Basically, the government had to become involved to restore confidence in the marketplace. Failure to do so would have caused greater market instability not only here in the U.S. but around the world. I'm not happy about the government bail-out, but I can see the reasons behind the action.
Elder Hale's councel to the adults of our Stake was to get out of debt. (Where have we heard that before?) He also pointed out that when a couple or family can sit down together, look at their finances and say, "We can't afford that," they are on their way to greater financial control and stability. "Debt," Elder Hales pointed out, "is troubling because it is a form of bondage."
I married a man who is naturally frugal. But in our relationship, he makes the money and I spend it. I am not naturally frugal. Money conscious, yes, but frugality hasn't been easy for me. Fortunately, we've been budgeting since the day we got married over 15 years ago. Once we agree on a budget together, I'm free to spend within those limits. We have never gone into debt for anything other than our home.
In upcomging posts I plan to share and swap ideas on how to live within our means. How to stretch dollars and save for a rainy day. So get those frugal juices flowing. I'd love to hear what you and your family are doing to get out of debt.