Financial Peace University
I can’t remember if I shared that I signed up for Dave Ramsey’s Financial Peace University at my church last fall. It costs $25. I remember when Beks wrote about it years ago, but he didn’t really think it was for me.
Of course, after 10+ years of blogging here, I’ve learned more about it. I’m used to the construction of “baby steps”, at least 1 and 2. I am now taking a 9 week course.
It’s in person, 2 hours a week, with homework, small group support, and a year’s subscription to their EveryDollar app.
As we write this, we are on week 2. There are over 200 people going with it. I don’t know any of them. Last week it was about creating a zero-based budget. This week we talked about the Snowball Method of debt. I read a lot.
Two Big Ideas
Honestly, the concepts aren’t really new to me, I guess, but hearing it taught this way really made an impact.
There are two things I’m really thinking about right now…
- Proverbs are full of financial guidance. What? How had I never heard that before. And I have been studying Proverbs for years. You just never look at it that way.
- Can I live without credit cards? Cash only.
No more Credit Cards
Last night, they did a “plas-ectomy” (sp?) where they invited people up on stage and cut up credit cards. Boy that scares me.
For a long time, I depended on my credit cards: 1) to get by on a low income; and now 2) as a kind of backup emergency/ what if?
But I really think about it. It would be a huge leap of faith for me. Maybe not faith, but a big mindset shift. Whatever you want to call it.
Last summer, I closed most of my accounts. But I still have 4 open. And in Dave Ramsey’s video in class last night, he talked about all my ideas…safety, rewards/points, etc.
Can I do this? Can I close all my accounts and go cash only?
Proverbs as a Financial Lesson
As I teeter on the brink of this BIG move. I decided I would reread one chapter at a time. And each day, I will write down all the “financial” lessons or instructions I get from that chapter.
I have been reading Proverbs as a book of contracts, not financial guidance. Let’s see what looking at it from a new perspective gives you.
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