“Ensuring That I Have a Profitable Business: My Foundation: Manage Money,” Starting and Growing My Business for Self-Reliance (2017)
“Ensuring That I Have a Profitable Business: My Foundation”
My Foundation: Manage Money
Maximum Time: 20 Minutes
Ponder:
Why is managing money so hard—and so important?
Watch:
“First Things First!” available at srs.lds.org/videos. (No video? Read the script at the end of this section.)
Discuss:
Why should we keep track of and save our money?
Read:
Doctrine and Covenants 104:78 and the statement from All Is Safely Gathered In.
Discuss:
Read the self-reliant approach to managing money (below). How can we make this a habit?
Commit:
Commit to do the following actions during the week:
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Keep track of what you spend and earn each day. At the end of the week, add up the numbers and record the total amounts on the Personal Income and Expense Record (below).
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Share what you’ve learned today about managing money with your family or friends.
Personal Income and Expense Record
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How Much Do I Spend Weekly? |
How much do I need each month to be self-reliant? | ||||
|---|---|---|---|---|---|
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Week 1 |
Week 2 |
Week 3 |
Week 4 | ||
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Income | |||||
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Expenses | |||||
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Tithes, offerings | |||||
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Savings | |||||
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Food | |||||
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Housing | |||||
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Medical expenses | |||||
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Transportation | |||||
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Educational expenses | |||||
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Debt payments | |||||
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Clothing | |||||
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Utilities | |||||
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Phone | |||||
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Entertainment | |||||
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Insurance | |||||
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Other | |||||
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Total expenses | |||||