- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Introduction
- Ten Key Principles of Money and Marriage
- 1. The family is ordained of God
- 2. Your spouse has first priority
- 3. Marriage partners are equal
- 4. Marriage partners should seek the “best interests” of the family.”
- 5. Financial problems are usually behavioral problems, not money problems
- 6. Change is necessary to improve.
- 7. Money spent on things you value leads to satisfaction and accomplishment.
- 8. Financial freedom is more the result of decreased spending than increased income
- 9. Spouses are to leave their parents and become one
- 10. The best things in life require no money
- Understand Why Money May be an Issue in Marriage
- Recommendations for Money and Marriage
- Summary
- Assignments
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
4. Marriage partners should seek the “best interests” of the family.”
The LDS Family Relations manual states:
When a husband and wife work together to manage their finances, they become unified in an important effort to set their home in order. Some of the most serious problems in marriage arise when financial resources are not managed carefully and in the best interest of the family. ("Lesson 8: Managing Family Finances," Marriage and Family Relations Instructor’s Manual, 2000, 35.)
We should follow the example of Christ. Nephi commented on Christ when he said: “He doeth not anything save it be for the benefit of the world; for he loveth the world. (2 Nephi 26:24) We likewise should do everything for the “benefit of the family” because we love our families.
