Millennial thoughts on FINANCES

Members of the Church of Jesus Christ of Latter-day Saints (otherwise known as the Mormon Church) are encouraged to be wise with their finances. But what exactly does that mean? Is debt okay? If so, for what purposes? Also, are we required to keep a strict budget? In this episode, we talk briefly about the Church’s response to financial questions and then go into greater detail with our personal opinions on finances.   

Some of the questions we often receive from our audience (a few of which we discuss today) are:  

 - Is it okay to go into debt for a car? School? A house? Is it okay to “finance” other purchases such as a TV or furniture?  - Should you discuss all of your financial decisions with your spouse or just big ones? Should you frequently discuss finances with your spouse? Parents?  - Should I discuss finances with my kids?  - Should you create a budget? Or just be aware of what you have in your account? Should you budget for certain large expenses? How often should you budget?  - How much in savings should I have?

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