References

1 Prudence is the virtue that disposes practical reason to discern our true good in every circumstance and to choose the right means of achieving it; “the prudent man looks where he is going”. It is prudence that immediately guides the judgment of conscience. With the help of this virtue we apply moral principles to particular cases without error and overcome doubts about the good to achieve and the evil to avoid. (Catechism of the Catholic Church, Part Three, Section One, Chapter One, Article 7 The Virtues, 1806.)

2 Matthew, Chapter 22:21.

3 Malcolm, Hadley (July 29, 2014). A Third of Us Are Behind on Our Debts. The Enquirer, p. 7B.

4 Dickler, Jessica (2011, August 11). Most Americans can’t afford a $1,000 emergency expense. Retrieved from URL http://money.cnn.com

5 Kirkham, Elyssa. (2016, March 14). 1 in 3 Americans Has Saved $0 for Retirement. Retrieved from URL http://time.com

Don’t Buy Stuff You Cannot Afford. Retrieved August 15, 2016, from http://www.nbc.com/saturday-night-live/video/dont-buy-stuff/n12020

7Fortitude is the moral virtue that ensures firmness in difficulties and constancy in the pursuit of the good. It strengthens the resolve to resist temptation and to overcome obstacles in the moral life. (Catechism of the Catholic Church, Part Three, Section One, Chapter One, Article 7 The Virtues, 1808.)

8Temperance  is the moral virtue that moderates the attraction of pleasures and provides balance in the use of created goods. It ensures the will’s mastery over instincts and keeps desires within the limits of what is honorable. (Catechism of the Catholic Church, Part Three, Section One, Chapter One, Article 7 The Virtues, 1809.)

9Einstein, Albert (2016, September 8). Albert Einstein – Quotes – Quotable Quote. Retrieved from http://www.goodreads.com/76863

10 Leverage is the amount of bargaining power that buyers have when purchasing goods and services. Retrieved October 19, 2016, from https://en.wikipedia.org/wiki/Leverage_(negotiation)

11Payment Calculator for Credit Cards and Other Revolving Credit Loans. Retrieved December 4, 2016 from http://www.dallasfed.org/microsites/educate/calculators/open-calc.cfm

12 Charity is the theological virtue by which we love God above all things for his own sake, and our neighbor as ourselves for the love of God. (Catechism of the Catholic Church, Part Three, Section One, Chapter One, Article 7 The Virtues, 1822.)

13Yang, J. and Trap, P. (2016, December 18) USA Snapshots, Debt lie. USA Today – The Enquirer, p. 6B.

14Izzo, P. (2014, May 16). Congratulations to Class of 2014, Most Indebted Ever. Retrieved from blogs.wsj.com/numbers/congratulations-to-class-of-2014-the-most-indebted-ever-1368

15(2013, May 26) The Most Frequent Cause of Divorce. Retrieved from http://voices.yahoo.com/the-most-frequent-cause-divorce-44450

16Mark 10:6-8

17Anderson, Jessica L. (2013, October 8). The Family Money Talk You Must Have. Retrieved October 22, 2013 from http://m.kiplinger.com/article/saving