Build a Reserve

"We encourage you wherever you may live in the world to prepare for adversity by looking to the condition of your finances. We urge you to be modest in your expenditures; discipline yourselves in your purchases to avoid debt. Pay off your debt as quickly as you can, and free yourselves from this bondage. Save a little money regularly to gradually build a financial reserve. If you have paid your debts and have a financial reserve, even though it be small, you and your family will feel more secure and enjoy greater peace in your hearts."
-The First Presidency (All is safely gathered in pamphlet)

I love the principle that is taught here by the First Presidency. If we regularly save a little money, then this growing financial reserve will offer us peace and a sense of security. I know that our reserve is currently small, but as we regularly put money aside that will help us have hope and peace in what will come in the future.

Conquer Procrastination

Today is a great day to write about Conquering Procrastination. In the book " The Richest Man in Babylon" George Clason writes about the need to Conquer Procrastination. One of the characters in the book said, "To me, Procrastination proved to be an enemy, ever watching and waiting to thwart my accomplishments." I've been wanting to post about this principle for a while, but now I finally do it.

It is so easy to procrastinate. We often think about things that we need to do, but wait to do it. Later in his book Clason says, "Action will lead thee forward to the successes thou dost desire." There is no better way to conquer procrastination than to take action now. Of course we should set goals and plans to accomplish them. Then we must act on those plans. We should prioritize and then stick to the plan.

I think that many young couples wait to save for retirement or wait to set a budget. Hopefully we can do a little better in areas that we know we need to to set goals and work towards them. Let us conquer procrastination as it relates to our finances and other important areas of our lives.