Latter-day Saint Life

5 Practical Tips for Living Joyfully Within Your Means

“Though money is important, we must view its purpose with an eternal perspective,” said E. Jeffrey Hill, a BYU professor in the College of Family Life at the campus Devotional on Tuesday. “Money is meant to be a means for serving our families and our God. When consecrated to those purposes, it is of great worth.”

However, Hill also said that when money becomes an end unto itself, it derails us from our eternal purposes. Financial struggles can ruin a family, and are often at the heart of martial issues. We must be cautious in our debts, loans and investments and be prepared when finances get tight.  

To help set good priorities with money, Hill shared a list of five things to remember in order to live joyfully within your means:

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