Presented By:

Kory Mikesell

Gathering InGathering In

The Cypress StakeThe Cypress Stake

Family FinancesFamily FinancesMessage from the First Presidency:Message from the First Presidency:

……Prepare for adversity by having a Prepare for adversity by having a little money set aside.little money set aside.

Every Family has a responsibility to Every Family has a responsibility to provide for its own needs to the extent provide for its own needs to the extent possible. possible.

Be modest in your expenditures; Be modest in your expenditures; discipline yourselves in your discipline yourselves in your purchases to avoid debt. Pay off debt purchases to avoid debt. Pay off debt as quickly as you can.as quickly as you can.

Save a little money regularly.Save a little money regularly.

Pay Tithes and OfferingsPay Tithes and Offerings

Begin with the payment of an honest Begin with the payment of an honest tithe and giving of a generous fast tithe and giving of a generous fast offering.offering.

Avoid DebtAvoid Debt

Avoid debt, with the exception of Avoid debt, with the exception of buying a modest home or paying for buying a modest home or paying for education or other vital needseducation or other vital needs

Use a BudgetUse a Budget

Establish a family budget.Establish a family budget.

Discipline yourself to live within your Discipline yourself to live within your budget plans.budget plans.

Build a ReserveBuild a Reserve

Gradually build a financial reserve, Gradually build a financial reserve, and use it for emergencies only.and use it for emergencies only.

Teach Family MembersTeach Family Members

Teach family members the principles Teach family members the principles of financial management.of financial management.

Teach the principles of hard work, Teach the principles of hard work, frugality, and saving, Stress the frugality, and saving, Stress the importance of obtaining as much importance of obtaining as much education as possible.education as possible.

Family Home StorageFamily Home StorageMessage from the First Presidency:Message from the First Presidency:

We encourage Church members We encourage Church members worldwide to prepare for adversity in life worldwide to prepare for adversity in life by having a basic supply of food and by having a basic supply of food and water and some money in savings.water and some money in savings.

……be wise as you store food and water be wise as you store food and water and build your savings. Do not go to and build your savings. Do not go to extremes; it is not prudent, for example, extremes; it is not prudent, for example, to go into debt to establish your food to go into debt to establish your food storage all at once.storage all at once.

Three-Month SupplyThree-Month Supply

Build a small supply of food that is Build a small supply of food that is part of your normal, daily diet,part of your normal, daily diet,

Purchase a few items each week to Purchase a few items each week to build a one-week supply, Then you build a one-week supply, Then you can increase your supply until it is can increase your supply until it is sufficient for three months.sufficient for three months.

Rotate regularly to avoid spoilage.Rotate regularly to avoid spoilage.

Drinking WaterDrinking Water

Store drinking water for circumstances Store drinking water for circumstances in which the water supply may be in which the water supply may be polluted or disrupted.polluted or disrupted.

Financial ReserveFinancial Reserve

Establish a financial reserve by saving Establish a financial reserve by saving a little money each week and a little money each week and gradually increasing it to a reasonable gradually increasing it to a reasonable amount.amount.

One-Year SupplyOne-Year Supply

……gradually complete your one-year gradually complete your one-year supply with food that will last a long supply with food that will last a long time and that you can use to stay alive, time and that you can use to stay alive, such as wheat, white rice, and beans.such as wheat, white rice, and beans.

These items can last 30 years or more These items can last 30 years or more when properly packaged and stored in when properly packaged and stored in a cool, dry place.a cool, dry place.

In Summary:In Summary:

•Pay your TithesPay your Tithes

•Avoid DebtAvoid Debt

•Use a BudgetUse a Budget

•Store food and WaterStore food and Water

•Get a financial reserveGet a financial reserve

•Teach your familyTeach your family