- 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
- 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
Ignorance gives way to wisdom
Ignorance can and must be replaced by wisdom. You gain wisdom as you learn about the dangers of debt, the costs of interest, and the idea that the improper management of debt will prevent you from achieving your goals. We must realize that we will have to change our habits and be more obedient. The Lord said to the prophet Joseph Smith: "Let him that is ignorant learn wisdom by humbling himself and calling upon the Lord his God, that his eyes may be opened that he may see" (D&C 136:32).
Alma explained true wisdom when he said: "O, remember, my son, and learn wisdom in thy youth; yea, learn in thy youth to keep the commandments of God" (Alma 37:35).
As we humble ourselves, obey the Lord’s commandments, and call upon the Lord to ask His help, He will help us get out of debt. Although we got into debt by ourselves, we can have His help to get us out.
