Chapter 36—Providing for the Day of Need
Systematic Savings Advised
Every week you should lay by in some secure place five or ten
dollars not to be used up unless in case of sickness. With economy
you may place something at interest. With wise management you can
save something after paying your debts.—
Letter 29, 1884
.
I have known a family receiving twenty dollars a week to spend
every penny of this amount, while another family of the same size,
receiving but twelve dollars a week, laid aside one or two dollars a
week, managing to do this by refraining from purchasing things which
seemed to be necessary but which could be dispensed with.—
Letter
156, 1901
.
Preparing for the Day of Reduced Income
You might today have had a capital of means to use in case of
emergency and to aid the cause of God, if you had economized as you
should. Every week a portion of your wages should be reserved and in
no case touched unless suffering actual want, or to render back to the
Giver in offerings to God....
The means you have earned has not been wisely and economically
expended so as to leave a margin, should you be sick and your family
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deprived of the means you bring to sustain them. Your family should
have something to rely upon if you should be brought into straitened
places.—
Letter 5, 1877
.
A Young Man Counseled to Economize and Save
It is certain you have not economized in everything or you would
now have something to show as the result of that wise economy which
is praiseworthy in any young man. To carefully reserve a portion of
each week’s wages and lay by a certain sum every week which is not
to be touched, should be your rule....
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