When we are free from the bondage of financial debt, we are also free from the bondage of much worry and discouragement.

2 Kings 4:7

7 . . . [P]ay thy debt, and live . . .

President Heber J. Grant said:

“If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. And if there is any one thing that is grinding and discouraging and disheartening, it is to have debts and obligations that one cannot meet.”

(Teachings of Presidents of the Church: Heber J. Grant [2002], 122.)

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