Everyone faces financial challenges, Elder M. Russell Ballard of the Quorum of the Twelve said during the April 1987 general conference: "Through wise budgeting, control your real needs and measure them carefully against your many wants in life. Far too many individuals and families have incurred too much debt. Be careful of the many attractive offers to borrow money. It is much easier to borrow money than it is to pay it back. There are no shortcuts to financial security. There are no get-rich-quick schemes that work. Perhaps none need the principle of balance in their lives more than those who are driven toward accumulating 'things' in this world.
"Do not trust your money to others without a thorough evaluation of any proposed investment. Our people have lost far too much money by trusting their assets to others. In my judgment, we never will have balance in our lives unless our finances are securely under control.
"The prophet Jacob said to his people: 'Wherefore, do not spend money for that which is of no worth, nor your labor for that which cannot satisfy. Hearken diligently unto me, and remember the words which I have spoken; and come unto the Holy One of Israel, and feast upon that which perisheth not, neither can be corrupted, and let your soul delight in fatness.' (2 Nephi 9:51.)
"Brothers and sisters, remember to always pay a full tithing."