May
13
Debt, it’s crushing force
Filed Under Debt, Faith, Gordon B. Hinckley, Prophets, Spencer W. Kimball, Talks | 1 Comment
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In an effort to heed the Prophet’s counsel, we’ve [my house] have been trying to pay off our debts as fast as possible. It’s tough, we allowed ourselves to get a bit over our heads. But we are making progress, and it is tough.
In October 1998 conference, Gordon B. Hinckley suggested “that the time has come to get our houses in order”. Prophetic to say the least, look at the country now (and the world). Financial woes abound, uncertainy prevelant.
I was looking at a graph, and it shows a pretty good increase since 1980 in the number of bankruptcies. I know you could say there’s an increase in numbers of people, and what about the drop at the end (they changed the laws), but look at the bigger picture there, the yellow mark - that indicates the percent paid towards debt. Bankrupt or not, more money is being paid to debt each year.
The article that I am quoting from [Climbing Out of Debt] gives some very good steps, that my family is now trying to implement. So let’s go over them!
1 Paying an honest tithing. Each month we always pay our tithing first. If we are to get out of debt, we really do need the Lord to “open … the windows of heaven, and pour [us] out a blessing, that there shall not be room enough to receive it” (Mal. 3:10).
Often our financial efforts are hampered by misfortune that devours our resources, such as unexpected car and household repairs, illness, and so forth. The Lord promises that He “will rebuke the devourer for [our] sakes, and he shall not destroy the fruits of [our] ground” (Mal. 3:11). When we pay our tithes, the Lord can bless us so that our unexpected challenges are minimized and so that we are better able to manage the resources we have.
I’m not sure how LDS members miss this one, I can testify that my family would have been in dire straights numerous times if we weren’t paying our tithing. I have a great testimony in this because of those miracles. There have been veryt spectacular times where we needed money in an emergency and all the sudden the money is there to use!
2 Paying a generous fast offering. When I was in college, President Spencer W. Kimball (1895–1985) taught that the Lord would bless Church members if they were able to double their fast offerings. We thus made it a point, even while students, to pay more than the cost of our meals as a fast offering. As our means have increased, we have increased our offerings, and the Lord has abundantly blessed us.
We try to add extra into Fast Offerings each month, though I think we can spare more to add to this for us, but again - what I have isn’t mine. My earning potential, the pay I do earn, these things all came from the Lord!
3 Giving time, talent, and energy toward building the kingdom of God. We have learned that when we are busy in the Lord’s work, losing ourselves in serving others, we have less time to worry about the things we don’t have. Material possessions are seen in the proper perspective.
For example, service greatly minimizes the time we spend watching television, thus limiting the advertisements or shows we view that would make us feel bad about the material things we don’t have. Decreasing our wants makes it easier to avoid debt.
I’ll admit, I can get a bit gruff about helping others. But in my house, we’re always either doing a project around our house or with one our extended families houses. By the end of the day though, I’ll always admit at how good I feel about what I accomplished for our family or someone else’s.
4 Following principles of self-reliance. Producing food in our garden and striving to purchase on-sale items for food storage have allowed us to save greatly on food expenses. This has not only helped us to be more self-reliant, but also allowed us to apply the money we saved toward debt elimination.
PROPHETIC, say it with me. Look around, look at what’s happening. I know, you can’t always grow everything you need in a garden, but we have a small yard and have managed to get a nice little garden box in. We grow beans, peas, spinach, tomatoes, etc to help off set some costs. We also try to use the coupons and base our meals in accordance to what’s on sale.
But I also think there is more here then just food and coupons, self reliance is also good around the home, home repairs, etc. What can you fix on your own that can save you money? We’re putting in a small concrete pad next to our single width driveway (winter parking nightmare) but we’re doing everything but mixing the concrete ourselves, there by saving hundreds of dollars. I’m learning what I can from my father in law on home repairs and DYI things around the house too.
5 Cultivating gratitude. Reflecting on the multitude of blessings we enjoy and thanking Heavenly Father for them allows us to focus on that which we have rather than on that which we have not. Recognizing all the blessings we have reduces the desire to acquire material possessions.—Robert and Mary Merrill, East Wenatchee First Ward, Wenatchee Washington Stake.
We try to stick to a template for our family prayers - 10 things we’re grateful for. Like I said before, what I have isn’t mine, the Lord provided and the gratitude belongs to him! We’re still working on the material wants, but we make progress. I’m trying to help my oldest understand that the things he wants, he won’t want in a few years (or months). Currently he is into bionicles, but I’m trying to help him understand that his money might be better spent on a tool [leatherman] instead which would last longer and be more useful in the long run.
This isn’t a burden too great for anyone to overcome. In our house we’ve incorporated fasting to help us to know how to live within our means and guidance on methods to do so. We’ve made progress, and we have the Lord to thank for it.