I can’t remember if I shared that I signed up for Dave Ramsey’s Financial Peace University at my church last fall. It cost $25. I remember when Beks wrote about it many years ago, but really never thought it was for me.
Of course, after 10+ years blogging here, I’ve learned more about it. Gotten pretty familiar with the construct of “baby steps“, at least 1 and 2. Now I’m taking the 9 week course.
It’s in person, 2 hours a week, with homework, small group support, and a year’s subscription to their app EveryDollar.
As of writing this, we are on week 2. There are over 200 people taking it with me. I don’t know a single one of them. Last week was all about creating a zero based budget. This week was about the Debt Snowball Method. I am learning so much.
Two Major Concepts
In reality, the concepts aren’t really new to me, I guess, but hearing them taught this way is really making an impact.
There are two things I am really thinking through right now…
- Proverbs is full of financial guidance. What? How come I’d never heard that before. And I’ve been reading Proverbs for years. Just never looked at it that way.
- Can I live without credit cards? Cash only.
No More Credit Cards
Last night, they had a “plas-ectomy” (sp?) where they invited people to come up on stage and cut up credit cards. Boy, that’s scary to me.
For the longest, I’ve leaned on my credit cards: 1) to carry me through when I had low income; and now 2) as kind of an emergency back up/what if?
But I’m really thinking about it. It would be a HUGE leap of faith for me. Maybe not faith, but big mindset shift. Whatever you want to call it.
Last summer, I closed alot of my accounts. But I still have 4 open. And in Dave Ramsey’s video at class last night, he addressed all my reasoning…security, rewards/points, etc.
Can I do this? Can I close all my accounts and go cash only?
Proverbs as a Finance Lesson
As I teeter on the edge of this BIG move. I’ve decided I’m going to read through Proverbs, one chapter at a time again. And each day, I’m going to write down all the “finance” lessons or guidance I find in that chapter.
I’ve always read Proverbs as a book of contracts, not financial guidance. Let’s see what looking at it from a new perspective gives me.
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