Provident Living: The $5 Savings Plan

Friday, August 10, 2012

The $5 Savings Plan

A new tip that I had read on several blogs, of removing and saving $5 bills whenever one lands in my wallet. You may not accumulate a large amount, but a small amount may grow into a significant amount with persistence. You may even find yourself paying closer attention to the money in your wallet.

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MESSAGE FROM THE FIRST PRESIDENCY ON FAMILY HOME STORAGE

Dear Brothers and Sisters:

Our Heavenly Father created this beautiful earth, with all its abundance, for our benefit and use. His purpose is to provide for our needs as we walk in faith and obedience. He has lovingly commanded us to “prepare every needful thing” (see D&C 109:8) so that, should adversity come, we may care for ourselves and our neighbors and support bishops as they care for others.

We encourage Church members worldwide to prepare for adversity in life by having a basic supply of food and water and some money in savings.

We ask that you be wise as you store food and water and build your savings.

Do not go to extremes; it is not prudent, for example, to go into debt to establish your food storage all at once. With careful planning, you can, over time, establish a home storage supply and a financial reserve.

We realize that some of you may not have financial resources or space for such storage. Some of you may be prohibited by law from storing large amounts of food. We encourage you to store as much as circumstances allow.

May the Lord bless you in your home storage efforts.

The First Presidency