Financial Preparedness (November 2021)
In November, we’ll be focusing on small, simple ways that we can increase our financial safety.
Nov. 7: Create a budget 1) Prices are going up and making a budget is a good way to be sure we have enough money to pay for everything we need. This basic Basic Zero-based Budget worksheet will help you plan where every dollar you earn will go. If you want more sophisticated options, try one of these free Printable Budget Worksheets. 2) You can also track your budget electronically by using free budgeting apps such as Every Dollar from Dave Ramsey or Mint. 3) It can be hard to stick to a budget during the holidays. Download this free Christmas Gift Planner to help keep your budget on track. Nov. 14: Eliminate debt
1) If we want to get rid of debt, we have to change how we think about money. Here are some great ideas for doing that: 5 Steps to Get Past Living Paycheck to Paycheck 2) Did you know the church has financial calculators to help you track your spending, pay off debts, build emergency savings, and save for retirement? 3) These bill and debt payment worksheets may also help: |
Social Media Post: Principles for Financial Security
1) Skim this lesson: https://www.churchofjesuschrist.org/study/manual/teachings-heber-j-grant/chapter-13?lang=eng 2) Read the quotes carefully. 3) Think about how they connect to Elder Singer's talk in Stake Conference yesterday. 4) What did the Holy Ghost teach you? 5) Start NOW--what small simple step will you take to starting practicing what you learned? #getprepared |
Nov. 21: Build an emergency fund
1) Unexpected emergencies can create a lot of stress. An emergency fund can help.
2) This infographic gives 6 simple steps for Building an Emergency Fund.
1) Unexpected emergencies can create a lot of stress. An emergency fund can help.
2) This infographic gives 6 simple steps for Building an Emergency Fund.
Nov. 28: Plan for retirement
It is never too early to plan for retirement! These worksheets will help you to think about saving for retirement or investments:
It is never too early to plan for retirement! These worksheets will help you to think about saving for retirement or investments:
- Retirement Needs Worksheet (Charles Schwab)
- Investment Planner Worksheet
- Investor Profile Questionnaire
Bonus: Document and insure your property
1) Getting insurance is one way to make sure you have the money you need to recover from a disaster. This infographic explains four types of insurance everyone should have.
2) Are you carrying the right type of insurance? Read or listen to find out!
3) Document & Insure Your Property is a handout from FEMA that will help you learn more about what each kind of insurance covers.
4) If something happens, the insurance company will ask you for several things. Use this FEMA checklist to make sure you have everything you need in your Grab-and-Go Binder.
1) Getting insurance is one way to make sure you have the money you need to recover from a disaster. This infographic explains four types of insurance everyone should have.
2) Are you carrying the right type of insurance? Read or listen to find out!
3) Document & Insure Your Property is a handout from FEMA that will help you learn more about what each kind of insurance covers.
4) If something happens, the insurance company will ask you for several things. Use this FEMA checklist to make sure you have everything you need in your Grab-and-Go Binder.