Yesterday morning I introduced you to Danielle, I’m working with Danielle to help her learn to shop smarter and stretch her dollars further; however, this is only one part of the equation when it comes to getting your finances under control. One of the programs that I highly recommend for figuring out Finances is Dave Ramsey’s Financial Peace University & The Total Money Makeover by Dave Ramsey. Both of these will walk you through the process of setting up a budget, paying down debt and putting you back in charge of your finances.
I’ve always seen my site as a means to help you accomplish the rules and guidelines set forth in Dave’s classes and book. So I thought it was only appropriate to let you in on the other half of Danielle’s Journey. Not only will Danielle be letting you follow her as she learns to use coupons and save money, she’s also going to be giving us weekly updates of their journey through Financial Peace University. Keep in mind these won’t be as detailed as some of you might like because this is a very personal journey, but I am so thankful for Danielle’s willingness to share with each one of you where God has her at this point in her life. I know that some times it’s easy to feel like we are alone and no one else is struggling with the same things we are so I’m hopeful that these real life testimonies can encourage you to start the process or continue on towards financial success in all areas of life.
Last week Danielle and her Husband Adam attended their First Financial Peace University Class, This was the intro class & here are Danielle’s thoughts on the weeks lesson:
“This week my husband and I joined a class called Financial Peace by Dave Ramsey. We were a little hesitant at first because of the “radical changes” that, we were informed by friends, we would be encouraged to make. By radical, I mean sell our cars and buy “beaters.” Because of all the financial changes we have experienced with both of our jobs and recent emergency expenses, we postponed this step to the point that basically, we have no choice. We realized that if we did not reach out for financial counsel, then we were on a downward spiral and wanted to stop the cycle before we went under. My husband and I both are wise with our money. We do not typically shop in our spare time or blow our money impulsively. The fact is, we just don’t make enough money to cover our expenses for our house payment, utilities, unexpected doctor bills, my husband’s broken down truck payment, my car payment, furniture payments, student loan payments, and my husband’s loan payment, and a credit card payment. The good news is that as of last week we paid off our furniture and we were charged no interest throughout the pay off time! The rest of the loans, we are looking at 2 (my car)-30 (my student loan) years of payments. The goal of Financial Peace is for us to pay ALL of these loans off very, very soon, that way I can go purchase my husband something as simple as a pack of socks without putting our budget in a bind.
This week was our first class. The class is typically two hours long, one night a week for thirteen weeks. (I know! That made me hesitant too!) I want you to be able to walk with my husband and I through this financial journey. I hope that we can be an inspiration to at least one of you to change your financial stress to live freely and be able to purchase a pack of socks without stressing! Week 1: An introduction to baby steps. This week we were given an overall introduction to what we will be focusing on for the next thirteen weeks. Our first step…Dave say’s it’s the easiest but also the hardest…to save $1,000 in an emergency fund. We were recommended to have a yard sale if we needed. Too bad we just had one and we used that money to put down on furniture! Not only that, but we used our emergency fund to help pay for our furniture. We sadly are starting from scratch, people! I have began working two flexible jobs on top of seeing clientele for counseling. My husband and I have began working long hours this week to make more money. We are tired, but we want to get this debt paid off!”
I love that Danielle and her husband have already started working extra to get their emergency fund of $1000 in place. As you can see they have a long road in front of them, If you’ve been through Financial Peace University before I would love for you to share your thoughts and encouraging words for Danielle as she sets off on this incredible journey!