Kory and I have joined Financial Peace University! Our Church just began the program we jumped on board! If you haven't heard of Financial Peace University it is a program designed by Dave Ramsey to help you save money and later become millionaires. ( I don't know if we will ever get there but I sure hope so!) The program is a 13 week study and we have completed 3 of those weeks. I just wanted to fill you in!
Dave teaches you with 7 easy steps to take to get financially stable. Those steps are......
Step 1: Save $1000 for an emergency fund
Step 2: Pay off all debt (excluding your house)
Step 3: Save 3-6 months of living expenses
Step 4: Invest into Roth IRAs
Step 5: College fund for children
Step 6: Pay off your house early
Step 7: Build wealth and give
You can move steps until you have completed that step!! He makes you work at the goal!
Along with completing the baby steps Dave Ramsey goes into detail on the little things that you can change in your daily routines to help you save and invest your money. He has introduced the envelope system to us. We haven't started it all the way but hope to very soon. The envelope system is a system in that you actually put cash in an envelope and when you go to the store that is all you can take with you and spend. It make you really think about what you are purchasing. He also wants you to cut up all of your credit cards.
Kory and I have been doing really well with the program and we are always telling others what we have been learning! We have been on a "budget" ever since we got married but FPU had opened our eyes as to how much money we were still throwing out the window. It is a learning process but we are catching on pretty fast and would like to be to step 5 in the next couple of months. If you are struggling financially or would just like to get ahead start on being financially stable later on in life I would defiantly recommend this program. Check our Dave Ramsey's website and look for an FPU in your area.
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