“3: Manage Money,” My Foundation for Self-Reliance (2016)
“3: Manage Money,” My Foundation
3:
Manage Money
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Report:Briefly share with the group how the Sabbath day or the Book of Mormon strengthened your faith last week.
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Ponder:Why is managing money so hard—and so important?
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Watch:“First Things First!” available at srs.lds.org/videos. (No video? Read page 10.)
First Things First!
If you are unable to watch the video, choose roles and read this script.
Imagestill from First Things FirstSetting: Young boy and girl, dressed in adult clothes, acting like their parents.
Boy: I’m home, dear.
Girl: Welcome home. Oh my, you look tired.
Boy: You do too. You work very hard, don’t you?
Girl: Well, we’re supposed to work, aren’t we?
Boy: I earned 10 today.
Girl: Oh, what a blessing. So, first things first. Let’s pay our tithing, shall we?
Boy: But what if we don’t have enough?
Girl: That’s where faith comes in!
Boy: Okay. So what’s next?
Girl: Well, we’ll need to buy food and bus fare and pay rent. And then it would be nice to buy a chair …
Boy: But we can’t. See? We don’t have enough money.
Girl: Could we borrow some?
Boy: They say debt is dangerous. We don’t want to get in trouble.
Girl: Okay. You’re right. So what do we do with this?
Boy: Let’s save it! You never know what will happen.
Girl: That feels right. But there’s nothing left for fun.
Boy: We have each other! And I’ll try to earn more.
Girl: I’ll try to spend less!
Boy: That way we can be happy—and self-reliant!
Girl: Right! That wasn’t so difficult. Why do grown-ups make it so hard?
Boy: Oh, you know. That’s just how grown-ups are.
Back to page 8.
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Discuss:Why should we keep track of and save our money?
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Read:Doctrine and Covenants 104:78 and the statement from All Is Safely Gathered In (on the right)
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Discuss:Read the self-reliant approach to managing money (below). How can we make this a habit?
Imagediagram self-reliant approach
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Commit:Commit to do the following actions during the week. Check the box when you complete each action.
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Keep track of what you earn and spend every day. You can use the Income and Expense Record on page 11.
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Share what you’ve learned today about managing money with your family or friends.
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Income and Expense Record
Write how much you spend each week. What would it be like if you had enough money for your needs?