"I use my financial values to set my limitations. I have three children I want to put through college debt free. So that means I can't spend wildly or with disregard."

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Many more people could ride out the storm-tossed waves in their economic lives if they had their year's supply of food…and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year's supply of debt and are food-free.

— Thomas S. Monson