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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

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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Disclaimer

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.

FYI

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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