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Budgeting is a B word

August 21, 2014 By Mark Leave a Comment

Budgeting is a B word

I cannot stress how important it is to get yourself– or your family– on a budget and make a plan. The budget is a very powerful tool and the key to getting you and your family out of debt or avoiding debt all together. Budgeting isn’t easy, but you have to do it if you want to win.

Filed Under: Avoid Debt, Budget, Debt, Debt-Free Living, Hot, Trending

The Truth about Debt and Car Payments

October 18, 2011 By Mark Leave a Comment

The Truth about Debt and Car Payments

The first step, and the most important factor in debt elimination, is a firm commitment to reject debt… This change in attitude is not subtle or gradual but rather resembles the flip of a switch—it’s a resolute determination to make a clean break from the culturally accepted addiction to debt.   –Luke V. Erickson   […]

Filed Under: Avoid Debt, Budget, Debt, Debt-Free Living, LDS Tagged With: Avoid Debt, car payment, credit cards, debt-free living, Getting Out of Debt—For Good, LDS, millionaire next door, overspending, Thomas S. Monson

Keys to Finding Financial Freedom

June 12, 2011 By Mark Leave a Comment

“If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. –Heber J. Grant We’ve all heard the clichéd phrase “money can’t buy happiness.” Though having money does not lead directly to happiness, being in control of our finances […]

Filed Under: Avoid Debt, Budget, Debt, Debt-Free Living, Emergency Fund, Personal Finance Tagged With: Avoid Debt, budget, D&C 93:43, debt-free living, Emergency Fund, Heber J. Grant, J. Reuben Clark, joseph b wirthlin, L. Tom Perry, Malachi 3:10, N. Eldon Tanner, proverbs 22:7, provident living, Robert D. Hales

Mormons and Debt

June 2, 2011 By Mark 1 Comment

Mormons and Debt

What does the Church of Jesus Christ of Latter-Day Saints teach its members about debt?   I started my debt-free conversion in January of 2010. I describe this moment as a type of spiritual awakening—an ah-ha moment if you will. I was looking for a solution to my financial incompetence and I found it. It […]

Filed Under: Avoid Debt, Debt, Debt-Free Living, Emergency Fund Tagged With: All is safely gathered in, Avoid Debt, debt-free living, Ezra Taft Benson, financial freedom, financial independence, Gordon B. Hinckley, L. Tom Perry, mormon

Financially Unprepared

May 30, 2011 By Mark Leave a Comment

In a recent survey, a simple question was asked, “If you were to face a $2,000 unexpected expense in the next month, how would you get the funds you need?” Alarmingly, of those polled, nearly 50% responded that it would be unlikely that they could secure the funds. This study suggests that half of all […]

Filed Under: Avoid Debt, Budget, Debt-Free Living, Emergency Fund Tagged With: Avoid Debt, budget, debt-free living, Emergency Fund, financial independence, Gordon B. Hinckley

Emergency Preparedness: The Rainy Day Fund

February 27, 2011 By Mark 4 Comments

Emergency Preparedness: The Rainy Day Fund

The Emergency Fund A major component to winning financially is having an emergency financial reserve available at all times. And NO, a credit card or home equity line of credit or a quick trip to the local pay-day lender is not considered a good plan for a financial reserve. Instead, these things will only perpetuate […]

Filed Under: Avoid Debt, Budget, Debt-Free Living, Emergency Fund, Snowball Tagged With: budget, debt-free living, Emergency Fund, My Journey, snowball

The Dreaded “B” Word

February 21, 2011 By Mark 5 Comments

The Dreaded “B” Word

I’ve mentioned in several of my posts the importance of getting on a budget and making a plan. The budget is a very powerful tool and the KEY to winning financially and getting you and your family out of debt.

Filed Under: Avoid Debt, Budget, Debt-Free Living Tagged With: Avoid Debt, budget, debt-free living, Joesph B. Wirthlin, Malachi 3:10, marriage, overspending, Robert D. Hales, tithing

3 Reasons to Avoid Debt

February 17, 2011 By Mark 1 Comment

3 Reasons to Avoid Debt

Not only should we teach men to get out of debt but we should teach them likewise to stay out of debt. -Harold B. Lee   Possibly the most difficult part about becoming debt-free is finding the desire to do it. It is a lifestyle– meaning you’re going to have to make some very difficult […]

Filed Under: Avoid Debt, Debt-Free Living Tagged With: Avoid Debt, budget, car payment, credit cards, Dave Ramsey, Gordon B. Hinckley, Harold B. Lee, joseph b wirthlin, overspending, proverbs 22:7, Switch

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Debt-Free Mormon is not affiliated with The Church of Jesus Christ of Latter-Day Saints.

*The opinions expressed in this blog are those of the author. They are not intended to represent the teachings or doctrines of the Church of Jesus Christ of Latter-Day Saints. Nor are the opinions endorsed by, or recommended by, the LDS Church. This blog is designed to provide accurate, but opinionated information with regards to the subject matter discussed.

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The posts on this blog are based on my opinions and my personal experiences. Please do your own research and consult your own financial counselor and/or advisor before making financial decisions. Do not make any decisions solely based on what you read on this blog.

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