Weak Economy May Drive More to Debt-Free Living

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http://www.foxbusiness.com/story/personal-finance/weak-economy-drive-debt-free-living/

Does that sound familiar to anyone else?

"I urge you as members of this Church to get free of debt where possible and to have a little laid aside against a rainy day." President Gordon B. Hinckley 

"'Pay off debt as quickly as you can, and free yourselves from bondage.'  My brothers and sisters, many have heeded this prophetic counsel. They work diligently to reduce the debt they owe to others and strive to become debt free." Elder Joseph B. Wirthlin 

“I am suggesting that the time has come to get our houses in order … self-reliance cannot obtain when there is serious debt hanging over a household. One has neither independence nor freedom from bondage when he is obligated to others.” President Gordon B. Hinckley 

"Seek to be independent [by] being free of personal debt and of the interest and carrying charges required by debt the world over."  President James E. Faust 

"With the exception of buying a home, paying for education, or making other vital investments, avoid debt and the resulting finance charges. The use of multiple credit cards significantly adds to the risk of excess debt." Elder Marvin J. Ashton 

"One of the better ways to simplify our lives is to follow the counsel we have so often received to live within our income, stay out of debt, and save for a rainy day." Elder L. Tom Perry 

"If we make choices that put us deeply in debt,we will lose our agency to meet our wants and needs or to save for that inevitable rainy day."  Elder Robert D. Hales 

"President Gordon B. Hinckley continues to stress the avoidance of unnecessary debt, the fallacy of living beyond one’s means, and the temptation to let our wants become our necessities."  President Thomas S. Monson 

"Avoid going into debt for these purposes. We need to work constantly toward keeping ourselves free of financial difficulties." Elder Marvin J. Ashton