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PERSONAL FINANCE FOR SELF-RELIANCE
INTRODUCTION TO THE COURSE
1. BECOMING A WISE AND FAITHFUL STEWARD
2. BECOMING UNIFIED IN OUR APPROACH TO FINANCES
3. PAYING TITHES AND OFFERINGS
4. CREATING A BUDGET
5. STICKING TO A BUDGET
6. PROTECTING YOUR FAMILY FROM HARDSHIP
7. UNDERSTANDING DEBT
8. GETTING OUT OF DEBT
9. MANAGING FINANCIAL CRISES
10. INVESTING FOR THE FUTURE 1
11. INVESTING FOR THE FUTURE 2
12. CONTINUE TO GIVE AND BLESS OTHERS

Introduction to the Course

Purpose

This program is a part of the Self-Reliance Services program published by the Church of Jesus Christ of Latter-day Saints. The purpose of the Self Reliance Services program is to help people learn and put into practice principles of faith, education, hard work, and trust in the Lord Jesus Christ. This program focuses specifically on how to better control your personal and family finances. In twelve chapters, you will learn how to eliminate debt, protect against financial hardship, and invest in the future.

You can learn this course on your own, but you are encouraged to participate in a local self-reliance group. A self-reliance group functions like a council. Participants help each other and are accountable to each other. Group facilitators invite interaction, encourage participation, show training videos, and help self-reliance groups follow the process as outlined in related materials.

To learn more about the program and how you can find your local self-reliance group, please visit the Church's Self-Reliance Services website.

Lesson Manual

Click here for the free online manual for this course.

Videos

The video for each section can be found in its respective chapter.

Becoming a Wise and Faithful Steward

Learning Outcomes

When you have completed this section, you should be able to understand the following:

    Foundational Principle:
    1. Self-Reliance Is a Principle of Salvation

    Financial Principles and Skills:
    1. Become a Wise and Faithful Steward
    2. Counsel with the Lord about Your Finances
    3. Track Your Income and Expenses

    Chapter Reading

    Please read the chapter on "Becoming a Wise and Faithful Steward" (PDF)

    Video

    Chapter 1: My Self-Reliance Group

    Becoming Unified in our Approach to Finances

    Learning Outcomes

    When you have completed this section, you should be able to understand the following:

      Foundational Principle:
      1. Exercise Faith in Jesus Christ

      Financial Principles and Skills:
      1. Work and Take Responsibility
      2. Work Together to Manage Money
      3. Hold Regular Family Councils

      Chapter Reading

      Please read the chapter on "Becoming Unified in our Approach to Finances" (PDF)

      Video

      Chapter 2: Family Councils

      Paying Tithes and Offerings

      Learning Outcomes

      When you have completed this section, you should be able to understand the following:

        Foundational Principle:
        1. Repent and Be Obedient

        Financial Principles and Skills:
        1. Change Your Approach to Managing Money
        2. Pay Tithes and Offerings

        Chapter Reading

        Please read the chapter on "Paying Tithes and Offerings" (PDF)

        Video

        Chapter 3: Widow of Zarephath

        Creating a Budget

        Learning Outcomes

        When you have completed this section, you should be able to understand the following:

          Foundational Principle:
          1. Live a Balanced Life

          Financial Principles and Skills:
          1. Build a Budget
          2. Balance a Budget

          Chapter Reading

          Please read the chapter on "Creating a Budget" (PDF)

          Video

          Chapter 4: Continue in Patience

          Sticking to a Budget

          Learning Outcomes

          When you have completed this section, you should be able to understand the following:

            Foundational Principle:
            1. Solve Problems

            Financial Principles and Skills:
            1. Set Realistic, Motivating Financial Goals
            2. Find and Use a Budgeting System
            3. Hold Yourself Accountable
            4. Seek the Lord’s Help, and Keep Trying

            Chapter Reading

            Please read the chapter on "Sticking to a Budget" (PDF)

            Video

            Chapter 5a: The Envelope System
            Chapter 5b: Digital Systems

            Protecting Your Family From Hardship

            Learning Outcomes

            When you have completed this section, you should be able to understand the following:

              Foundational Principle:
              1. Use Time Wisely

              Financial Principles and Skills:
              1. Protect Your Family from Hardship
              2. Build a One-Month Emergency Fund
              3. Acquire Adequate Insurance

              Chapter Reading

              Please read the chapter on "Protecting Your Family from Hardship" (PDF).

              Video

              There is no video for this chapter.

              Understanding Debt

              Learning Outcomes

              When you have completed this section, you should be able to understand the following:

                Foundational Principle:
                1. Show Integrity

                Financial Principles and Skills:
                1. Understand Debt
                2. Understand Your Debt Realities
                3. Desire to Get Out of Debt
                4. Overcome the “Natural Man”

                Chapter Reading

                Please read the chapter on "Understanding Debt" (PDF).

                Video

                There is no video for this chapter.

                Getting Out of Debt

                Learning Outcomes

                When you have completed this section, you should be able to understand the following:

                  Foundational Principle:
                  1. Work: Take Responsibility and Persevere

                  Financial Principles and Skills:
                  1. Stop Incurring Debt
                  2. Pay Off Your Debts

                  Chapter Reading

                  Please read the chapter on "Getting Out of Debt" (PDF).

                  Video

                  There is no video for this chapter.

                  Managing Financial Crises

                  Learning Outcomes

                  When you have completed this section, you should be able to understand the following:

                    Foundational Principle:
                    1. Communicate: Petition and Listen

                    Financial Principles and Skills:
                    1. Learn to Manage Financial Crises
                    2. Increase Your Emergency Preparations

                    Chapter Reading

                    Please read the chapter on "Managing Financial Crises" (PDF).

                    Video

                    There is no video for this chapter.

                    Investing for the Future (Part 1)

                    Learning Outcomes

                    When you have completed this section, you should be able to understand the following:

                      Foundational Principle:
                      1. Seek Learning: Resolve Where You Are Going and How to Get There

                      Financial Principles and Skills:
                      1. Save Money
                      2. Consider Home Ownership
                      3. Seek Education

                      Chapter Reading

                      Please read the chapter on "Investing for the Future (Part 1)" (PDF).

                      Video

                      There is no video for this chapter.

                      Investing for the Future (Part 2)

                      Learning Outcomes

                      When you have completed this section, you should be able to understand the following:

                        Foundational Principle:
                        1. Become One, Serve Together

                        Financial Principles and Skills:
                        1. Set a Retirement Goal
                        2. Understand Compound Interest
                        3. Understand the Relationship between Risk and Return
                        4. Consider Potential Investments
                        5. Research Potential Retirement Accounts
                        6. Begin Saving for Retirement as Soon as Possible

                        Chapter Reading

                        Please read the chapter on "Investing for the Future (Part 2)" (PDF).

                        Video

                        There is no video for this chapter.

                        Continue to Give and Bless Others

                        Learning Outcomes

                        When you have completed this section, you should be able to understand the following:

                          Foundational Principle:
                          1. Receive Temple Ordinances

                          Financial Principles and Skills:
                          1. Share the Principle of Self-Reliance with Your Family and Friends
                          2. Press Forward with Faith

                          Chapter Reading

                          Please read the chapter on "Continue to Give and to Bless Others" (PDF).

                          Video

                          There is no video for this chapter.