I always knew for years that setting aside a little money for a rainy day was very important, however in our home there was never a "little" extra when I was growing up and even when I was a single mom.
After reading the letter that I put in the newsletter for September from the mother that was in the Houston area last year and how she spoke about people not being able to buy things because they didn't have cash and the ATMs were not working, really made me think. Yes, not only do we need to prepare for those everyday disasters that come our way like the economy, but what about those other disasters that happen that makes it impossible for us to take our money out of the bank.
We need to set aside a little money in small amounts for such times!
This information was taken directly from the provident living website. It is guideline #3 after 3 month food storage and water storage.
From the First Presidency comes this counsel: “We encourage you wherever you may live in the world to prepare for adversity by looking to the condition of your finances. We urge you to be modest in your expenditures. . . . Save a little money regularly to gradually build a financial reserve.” In the April 2007 general conference Bishop Keith B. McMullin, Second Counselor in the Presiding Bishopric,
reinforced this principle, exhorting Church members to “save some money, if only a few coins each week. This modest approach will soon enable them to have several months’ reserve.” By gradually building a financial reserve, we will be prepared for unforeseen trials and have an added measure of security and peace in our hearts.
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