Becoming Provident Providers Temporally and Spiritually
by Elder Robert D. Hales
"Whenever we [go into debt for things we can't afford], we become poor temporally and spiritually. We give away some of our precious, priceless agency and put ourselves in self-imposed servitude. Money we could have used to care for ourselves and others must now be used to pay our debts." Read Becoming Provident Providers Temporally and Spiritually in its entirety here.
Yesterday Kevin the Kirby salesman came over and demonstrated the superiority of his product for 3 hours. The quality of the product was not in question. I love the Kirby and would be very happy purchasing one. But it's not a priority right now. When I mentioned I don't do debt, he told me it wasn't debt--the financing was that good. No money down and as long as we paid everything off within the year, it was "just like cash" because it would be interest-free.
Just like cash. Interesting concept, Kevin. But unfortunately just like cash is not the same as cash. Elder Hales said:
To provide providently, we must practice the principles of provident living: joyfully living within our means, being content with what we have, avoiding excessive debt, and diligently saving for rainy-day emergencies. When we live providently, we can provide for ourselves and our families and also follow the Savior's example to serve and bless others.Elder Hales also talks about addictions and its relation to provident living, which was beneficial to review. This was the very first talk at conference (aside from President Monson's welcome) and very timely. It provides a lot of practical things to think about and implement in our lives.