Ever since my 6 month grace period ended on my student loans my husband and I have been a little more concerned with where our money goes. So after Christmas we visited with a family friend who is a financial advisor and he suggested we try and enroll in a Dave Ramsey class near where we live. I was a little reluctant, but we really needed to learn more about how to get out of debt, budgeting and just more information about making sound financial decisions.
The nearest class was in Benton, KY about 30 minutes away from where we live. The structure of the class was to watch a 45-90 minute video and then have a 20 minute discussion over topics explored in the video. The class cost around $100, which includes a CD recording of each week’s lesson, Dave Ramsey’s Book, Financial Peace Revisited, and a workbook to follow along with the recordings.
Dave Ramsey, the star of Financial Peace course, radio-host and financial guru, is a very faith-filled man and so he often quotes scripture. One passage he often brings up is Proverbs 22:7, “The rich rule over the poor, and the borrower is servant to the lender.” Not only is much of his financial advising supported by scripture he also has researched the financial facets to support his advice.
We started going to the class for the first 3 or 4 weeks then realized we probably could get more out of the materials (and save time and money on the commute) if we discussed it as a couple on our own. So every Sunday or Saturday night since January my husband and I have listened to the CDs and reflected upon how we can start planning for our future.
We started our financial transformation by saving our receipts for a month to see how much we were spending on groceries, utilities, rent and various other things. There we were able to get an idea what we spend and areas we could perhaps reduce spending. Our next hurdle we plan on tackling is our emergency fund saving for 3-6 months worth of income just incase something unexpected happens.
I think we are about half way through our financial peace course. I will try and share with you some helpful advice along the way. If you are interested in enrolling in any of the Dave Ramsey courses check out www.daveramsey.com.