In April 1975 General Conference, Elder Marvin J. Ashton said: "Save and invest a specific percentage of your income. Liquid savings available for emergencies should be sufficient to cover at least three months of all essential family obligations."
Building a savings is important for every family. In April 2009 General Conference Elder Robert D. Hales said: "All of us are responsible to provide for ourselves and our families in both temporal and spiritual ways. To provide providently, we must practice the principles of provident living: joyfully living within our means, being content with what we have, avoiding excessive debt, and diligently saving and preparing for rainy-day emergencies."
The challenge for the week is to save $5 to $10 more per paycheck than you already are. Put that $ into a short term savings (to help cover emergency costs such as car repairs, doctor bills, etc.)
Although 3 months of all family obligations may sound like a lot, you can eventually get there. Don't be overwhelmed, saving just a little each month will slowly build up and become a blessing to you in time of need. The Lord will bless you when you follow the counsel of his Prophet and Apostles.
If you currently aren't putting any money aside into savings, see if you can sacrifice something to start your savings. Just $5 a paycheck is all you need to get going. As Bishop Hunt said in Ward Conference, we need to do these things today! Now is the time.
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