Last summer our church offered Finacial Peace University by Dave Ramsey to us as a Sunday school class. I was really excited. I had known for some time that we could be better man
aging our money, but wasn’t 100% sure how. Plus I needed Jeremy to be on my side. I had looked up the course several years ago and it was offered in our area. Unfortunately I was never brave enough to broach the subject with Jeremy. The course was intense and even though we met early every Sunday for it, we never were able to have enough time to discuss everything. We did have several people cut up a credit card which was cool. We didn’t, but probably should have. Though my cards now reside at home in a drawer.
The good in the class: Gave a family or individual a roadmap of how to get out of debt, and how to prioritize financial responsibilities. There is a lot of emphasis on tithing and giving to ministries. He cheap auto insurance really encourages people to buckle down and take responsibility for poor past financial decisions and to pay off their debt.
The not so good: A lot of the class felt overwhelmed, some felt they were in too deep already. It was easy to get caught up in the hopelessness of our situations. One comment I heard was, “well Dave went bankrupt, so maybe we should too”. I think
some of this would have been alleviated had we had more time to discuss.
In conclusion, I am confident that if followed all of us taking the class could get out of and stay out of debt. Since taking the course our personal debt situation has gotten worse. I had some unplanned dental work, and am struggling with having a different job and sticking to my budget. I still have a plan and am keep coming back to some of the main principals taught in the course. Will I ever cut up my credit cards? I should.
I encourage everyone to take the course and try some of the principals. For us, it hasn’t been following the plan to the letter, but having a plan that I believe will get us out of debt and give us more financial security.