In a column detailing how we piled on debt from 2004-2008, Ralph R. Mabey in the Mormon Times has a good line to help us focus our future priorities:
In Elder Joseph B. Wirthlin’s words, we unwisely based our spending much more on our “yearnings” than our “earnings.”
Column worth reading by Kristine Frederickson in the Mormon Times on the perils of conspicuous consumption and how now necessity ”has engendered thrift, industry and charitable impulses and actions” prompting a new recognition of the difference between wants and needs, teaching us “to live well on less.”
She says that in 1869 Brigham Young:
…explained that others looked at the [...]
More reports on churches offering financial advice. CNN.com posts this, including resources for a variety of denominations (Baptist, Mormon, Presbyterian).