CHAPTER 4

MANAGING FINANCIAL
RESOURCES WISELY
PRINCIPLES TO UNDERSTAND

• Paying tithes and offerings brings blessings.

• Avoiding unnecessary debt and saving for the future helps
keep us free from financial bondage.
• Being honest in our financial affairs shows our personal
integrity.
• Counseling together as families helps us decide how
resources should be used.
PAYING TITHES AND
OFFERINGS BRINGS
BLESSINGS
TITHES AND OFFERINGS BRINGS BLESSINGS

•‘William, you ought to be ashamed of yourself. Would

you deny me a blessing? If I did not pay my tithing, I
should expect the Lord to withhold His blessings from
me. I pay my tithing, not only because it is a law of
God, but because I expect a blessing by doing it. By
keeping this and other laws, I expect to prosper and to
be able to provide for my family’”
TITHES AND OFFERINGS BRINGS BLESSINGS

•“I do not say that if you pay an honest tithing

you will realize your dream of a fine house, a
Rolls Royce, and a condominium in Hawaii.
The Lord will open the windows of heaven
according to our need, and not according to
our greed…
TITHES AND OFFERINGS BRINGS BLESSINGS

•…If we are paying tithing to get rich, we are doing it

for the wrong reason. The basic purpose for tithing is
to provide the Church with the means needed to
carry on the Lord’s work. The blessing to the giver is
an ancillary return, and that blessing may not be
always in the form of financial or material benefit”
MALACHI 3:8–12

•‘Do you consider tithing a gift to God

or the payment of a debt?
ELDER JEFFREY R. HOLLAND

•“Pay your tithes and offerings out of honesty

and integrity because they are God’s rightful
due,…
•“Paying tithing is not a token gift we are
somehow charitably bestowing upon God.
Paying tithing is discharging a debt”
 WHO OR WHAT DO YOU
THINK IS THE
“DEVOURER” SPOKEN OF
IN MALACHI 3:11?
IN WHAT WAYS DOES PAYING
OUR TITHING HELP US
PREPARE FOR THE SECOND
COMING OF JESUS CHRIST?
AVOIDING UNNECESSARY
DEBT AND SAVING FOR
THE FUTURE HELPS KEEP
US FREE FROM FINANCIAL
BONDAGE
MANAGING FINANCIAL RESOURCES WISELY

•President Gordon B. Hinckley

•President James E. Faust
•Elder L. Tom Perry
•Elder Marvin J. Ashton
ANSWER THESE QUESTIONS:

• What are some good financial habits we should form in our

lives?
• What does it mean to “be modest in your expenditures”?
• Why is it easy to get into debt and hard to get out of debt?
• What are acceptable debts?
• In what ways can debt limit our freedom?
DOCTRINE AND COVENANTS 104:78–80

• 78 And again, verily I say unto you, concerning your

debts—behold it is my will that you shall pay all your
debts.
• 79 And it is my will that you shall humble yourselves
before me, and obtain this blessing by your diligence
and humility and the prayer of faith.What are some good
financial habits we should form in our lives?
DOCTRINE AND COVENANTS 104:78–80

• 80 And inasmuch as you are diligent and humble,

and exercise the prayer of faith, behold, I will
soften the hearts of those to whom you are in debt,
until I shall send means unto you for your
deliverance.
“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. AND IF THERE IS ANY ONE
THING THAT IS GRINDING AND
DISCOURAGING AND DISHEARTENING,
IT IS TO HAVE DEBTS AND OBLIGATIONS
THAT ONE CANNOT MEET”
PRESIDENT HEBER J. GRANT
 BEING HONEST IN
OUR FINANCIAL
AFFAIRS SHOWS OUR
PERSONAL
INTEGRITY
“THE IDEAL OF INTEGRITY WILL
NEVER GO OUT OF STYLE. IT APPLIES
TO ALL WE DO. AS LEADERS AND
MEMBERS OF THE CHURCH, WE
SHOULD BE THE EPITOME OF
INTEGRITY”
PRESIDENT N. ELDON TANNER
 COUNSELING
TOGETHER AS FAMILIES
HELPS US DECIDE HOW
RESOURCES SHOULD BE
USED
“BY DIVINE DESIGN, FATHERS ARE TO PRESIDE
OVER THEIR FAMILIES IN LOVE AND
RIGHTEOUSNESS AND ARE RESPONSIBLE TO
PROVIDE THE NECESSITIES OF LIFE AND
PROTECTION FOR THEIR FAMILIES. MOTHERS ARE
PRIMARILY RESPONSIBLE FOR THE NURTURE OF
THEIR CHILDREN. IN THESE SACRED
RESPONSIBILITIES, FATHERS AND MOTHERS ARE
OBLIGATED TO HELP ONE ANOTHER AS EQUAL
PARTNERS. DISABILITY, DEATH, OR OTHER
CIRCUMSTANCES MAY NECESSITATE INDIVIDUAL
ADAPTATION. EXTENDED FAMILIES SHOULD LEND
SUPPORT WHEN NEEDED”
“THE MINUTE A MAN STOPS
SUPPLICATING GOD FOR HIS SPIRIT AND
DIRECTIONS JUST SO SOON HE STARTS
OUT TO BECOME A STRANGER TO HIM
AND HIS WORKS. WHEN MEN STOP
PRAYING FOR GOD’S SPIRIT, THEY
PLACE CONFIDENCE IN THEIR OWN
UNAIDED REASON, AND THEY
GRADUALLY LOSE THE SPIRIT OF GOD,
JUST THE SAME AS NEAR AND DEAR
FRIENDS,…
IN PROVIDING FOR THE NECESSITIES OF
LIFE, A PLAN SHOWING HOW MUCH
MONEY IS EARNED AND WHERE THAT
MONEY WILL BE SPENT CAN BE VERY
HELPFUL. SUCH A PLAN IS CALLED A
BUDGET.

WHY IS IT IMPORTANT THAT BOTH

PARTNERS IN A MARRIAGE PARTICIPATE
IN A FAMILY BUDGET?
“MANAGEMENT OF FAMILY FINANCES
SHOULD BE MUTUAL BETWEEN HUSBAND
AND WIFE IN AN ATTITUDE OF OPENNESS
AND TRUST. CONTROL OF THE MONEY BY
ONE SPOUSE AS A SOURCE OF POWER AND
AUTHORITY CAUSES INEQUALITY IN THE
MARRIAGE AND IS INAPPROPRIATE.

ELDER MARVIN J. ASHTON

 ASSIGNMENT:

•Budget Activity