The Smart Way to Save for a Latter‑day Saint Mission

Step 1: Understand the Costs

As of 2025, the standard monthly cost for a full-time missionary is $500/month, totaling $12,000 for a typical 24-month mission (or $9,000 for an 18-month mission for sisters).

Additional expenses include:

• Passport and visa
• Clothing and luggage
• Immunizations and medical prep
• Technology (tablet, if required)
• Emergency fund

Target total: $13,000–$15,000 per missionary.

Step 2: Start Early—Even at Age 12

The earlier a family begins saving, the easier it becomes. A child who saves just $50/month from age 12 to 18 will accumulate $3,600, not including interest or family contributions.

Tips:

• Open a DFCU Mission Savings Account with your child.
• Use birthdays, babysitting, summer jobs, or tithing settlements as natural savings moments.
• Consider a matching system—parents match what the child saves to double the impact.

Step 3: Set a Monthly Savings Goal

Work backward from your timeline. For example:

1. Goal Amount = $12,000
2. Time Until Mission = 6 years
3. 6 Years = 72 months
4. $12,000 ÷ 72 months = $167 per month

Automate it: Set up recurring transfers to a dedicated mission savings account.

Step 4: Get the Missionary Involved

Helping your child contribute financially teaches ownership and gratitude.

Encourage them to:

• Take on part-time work or side jobs
• Sell unused items or crafts
• Donate a portion of every paycheck to their fund
• Track their savings progress with a shared app or spreadsheet

Step 5: Reduce Surprises

Avoid last-minute costs by planning ahead:

• Schedule physical exams and dental work early
• Shop for clothing during seasonal sales
• Connect with returned missionaries to learn what’s truly essential

Pro tip: Create a “Mission Prep Checklist” together—spiritual, emotional, and financial.

Step 6: Involve Extended Family

Many grandparents, aunts, and uncles want to support mission service but don’t know how.

Ideas:

• Invite them to contribute to the mission fund in lieu of birthday or holiday gifts
• Set up a special giving account or crowdfunding page for extended family
• Share updates on the savings journey—it strengthens bonds

Step 7: Plan and Prepare

Saving for a mission isn’t just financial—it’s practice for skills needed to serve. Take the time to do the work now and worry about one less thing once you’re there.

We’re Here to Help

Open a Mission Savings Account at DFCU today and start preparing with confidence. Our team can help you set goals, automate your plan, and walk with your family every step of the way.