Building your Ark * Lesson 7: Put $$$ Away for a Raining Day

Lesson 7: Put $$$ Away for a Raining Day

Presented by Debbie Kent

I don’t think Noah needed to worry about putting money away, but we do.

"We encourage you wherever you may live in the world to prepare for adversity by looking to the condition of your finances. . . .If you have paid your debts and have a financial reserve, even though it is small, you and your family will feel more secure and enjoy greater peace in your hearts."
“All is Safely Gathered In” Ensign, Feb. 2007

Let us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today, then tomorrow. “Let us straightly and strictly live within our incomes, and save a little. Prepare Ye, Benson Ensign 1974

“The Saints have been advised to pay their own way and maintain a cash reserve. Recent history has demonstrated that in difficult days it is reserves with intrinsic value that are of most worth, rather than reserves, the value of which may be destroyed through inflation. It is well to remember that continued government deficits cause inflation; inflation is used as an excuse for ineffective price controls; price controls lead to shortages; artificial shortages inevitably are used as an excuse to implement rationing.”
“Prepare Ye”, Ezra Taft Benson, Ensign 1974

There is no set amount for your family financial reserve. But do what you can. Setting aside even a few dollars each week, or even your change and quickly add up into a nice savings.

*IF you plan to store this at home: store small bills; in fire/water proof container; well hidden. Gold and silver are always safe additions, especially in turbulent times when the dollar may not hold its value.
NEW: Some financial experts are now saying “Put your money in commodities”, not the dollar, or silver or gold. Food is a better investment than gold.

“When we really get into hard times, where food is scarce or there is none at all, and so with clothing and shelter, money may be no good for there may be nothing to buy, and you cannot eat money, you cannot get enough of it together to burn to keep warm, and you cannot wear it.” (Pres. Clark; Church News, November 21, 1953, p. 4.)