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W08 Life Skills Lesson: Interest, Loans, and Savings - Coggle Diagram

- - - - Jesus Christ redered as the Bread Lige, because He is the unique way that can suport us in all part of our life
    - - If we believe that we can change every things that we need, because the atonemment we can do it
    - - I think when I pass to see financial as a spiritual thing, I can find helpness in Atonement, because I pass to understand that I need to improve my material bless, to bless others peoples.
- - - - joyfully living within our mean
        being content with what we have
        avoiding excessive debt
        diligently saving and preparing for rainy-day emergencies
    - - It was a beautiful dress, but we can't afford it."
    - - I learn that we need to have our eyes from the things that really import
    - - My wife always have a need to go the shop, this bring really sadness to me, I never can explain her this bad habit.
- - - - to use in cases of emergency
    - - 10 mil
    - - Because it so hight money that I need
- - - - It is a form of resource in emergencies
    - - For help in times of emergency
    - - We are talking about the same area, preparing for difficult times, and insurance takes care of that
    - - My family and I would have a peace of mind
    - - O think all forms
    - - Saiving Money, research
- - - - Objectively review your debt realities
        Explore ways to eliminate it
    - - We can be free and to pay less fees
    - - Pay extra toward the debt with the highest interest first
        Pay extra toward the debt with the lowest balance first
    - - The rollover method is a great way to pay off your debts. Let’s say you can now pay an extra 100 a month toward your debts. When you pay off that debt, what should you do with the money that had been going to that loan? Roll it over to pay down other loans! This is where you really start to get out of debt more quickly.”
- - - - mission and passaport
    - - to sale banana
    - - we need a effort, we need a goal
- - - - He see the people in better level, when they have a better education
    - - limited number of places in good second schools., he dont have money and need to move for his aldeia
    - - Because this was a begenning a all his life in education
    - - He get better education, he find his wife,the gospel
    - - Elder Sitati encourages all to obtain a “vision for what we can become.” Why would he do this? How might following his advice help you invest in your future?
        
        BEcause He had a personal experie4nce. I know the educatin is the key, seeing my future will hep me in hardship moments
- - - - Because we need to complete govenament payment to have more peace of mind
    - - We can see the money grow.
    - - When the return is so big, the risk is so big. Whe the return is so small the risk is so small. Saivings, CDS, this investments have a lower risk
    - - The first thing is council family can help to have a goal