All of us aim to have a bright future. However, along the way, there are some uncertainties beyond our control. It could be health issues, job loss, economic crisis, or any major setback that can be a threat to our finances. That’s why preparation is vital. Our financial reserve goal as a family started early in our marriage almost seven years ago. It was already a habit of saving up and tracking our expenses when my husband and I are still single, which has helped us be consistent on this matter up to this day.
It was never easy for us. It takes discipline to spend within our means. There are unexpected things that happened as we transitioned into our work from home jobs. There were unforeseen challenges that we had to pull out from the money that we saved. Nevertheless, it even moved us to be wiser on our financial approach. We develop skills that help us to be more productive in our jobs. Because we become sufficient in the things we need, we have spare to spend on the things we want to reward ourselves.
Because we have established our emergency funds, we feel safe amidst the pandemic. We were able to secure our basic needs, especially food that could sustain us every day. We have the assurance that we can survive even if we have to stay at home. We were also able to offer help to extended families.
The fundamental lesson we learn as we do this is that the goal or purpose of money is not only to buy things. But it serves as a tool to help us feel safe and secure. Marvin J. Ashton said: “Peace, contentment, and security in the home are not possible when financial anxieties prevail.”
We serve and love the youth of the Church. Being motivated to have a financial reserve can also be a great lesson to those around you, especially the rising generation. How can we teach them prosperity if we are living in poverty? Our good examples as adults are more powerful than any other personal finance curriculum or books.
We wish others to know that our attitude towards money is essential. When it comes to spending habits, we have to prioritize what we need. The Lord wants us to progress financially not only for ourselves but also for better instruments in building his kingdom. He wants us to have an abundant life. Invest in yourselves by developing marketable skills that will enable you to increase your earning capacity. Once you are already earning good enough, always live within or even below your means to be free from debt. Make it a habit to save each month and make wise investments. Take advantage of the self-reliance program of the Church, especially the lessons on personal finances. As we strive to follow the counsels of our leaders and obey the commandments, heavenly help will be made available to us.
In times of need, you will thank yourself if you have prepared long beforehand. The process is not for the faint of heart, as it takes a lot of faith and hard work. Mortality has a lot of challenges ahead. The Lord, through his leaders, always reminds us to be prepared for every needful thing.
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