Saturday, June 23, 2012

Thanks Dave Ramsey

        Like I had mentioned on a previous post, Rillz and I signed up for a financial class. It is called Financial Peace University created by Dave Ramsey. The class was a 13 week course and $100 for the materials (workbook, another book, cd's of all the lessons and a cash keeper book).  Rillz and I agree that signing up for that class was the BEST decision we have made together, besides getting married of course! We feel so blessed to have learned how to get on the right track to financial "freedom" so early in our relationship. Both Rillz and I are striving to achieve the same financial goals which means no money argumenents or disagreements! Feels SO good! We started the class in February and that is when it felt like money was coming from thin air to pay our financial debts. In 4 months we had paid off thousands of dollars in credit card, collections, and vehicle debts. Not to mention have saved up an emergency fund and already put money aside for airline tickets to visit family later this year. Our only significant debt now (besides mortgages) is my car. I have decided, sadly, to sell my car. I feel it is more important for us to get out of debt completely than to have my DREAM car!
       I am writing this on my blog not to brag but
1. I want to remember down the road that it is possible to live debt free and how much work we put in to get this way
2. Let people know that this class is worth every penny and time if you live by it! And that getting out of debt and living without loans and credit cards is achieveable and worth it!

Rillz and I are not perfect in our money spending at all. But, we feel much better when we do spend money and don't have to stress about alot of things now.
We have also learned more about retirement savings and types of insurance. We now have the right amount of insurance for our needs and feel really secure about knowing we will be ok if something unexpected happens. Definitely peace of mind.

Our next goal is trying to save for retirement and educate ourselves in more depth of all the options. It feels like I am reading in a foreign language still when it comes to that stuff!

I never thought doing finances and learning about money would be so fun! But I truly enjoy it now. I love when a new month is coming up and I get to do the Monthly Cash Flow Plan sheet and see how we did on the last Monthly Cash Flow Plan. Haha. Sounds super lame of me!

I highly suggest taking the class or renting his books from the library. It was worth our time and still is worth our time to listen to our cd's and continue reading books on it.


HeidiT said...

Way to go!! It's great that you guys are on the same page with it so early in your marriage.
I am SO jealous of your new debt free lifestyle. I have never in my life been in debt until little Miss Cami came along with all of her unique medical needs :) (Of course we wouldn't ever change the fact of getting her the help she needs but it still stinks to have the unexpected financial obligations surrounding it.)

Kristi M. said...

Yeah! So exciting. I hope to be there one day. When construction pretty much slowed down and then came to a screeching halt, that would be when our debt really started accumulating. Since then it has been hard to dig ourselves out to zero. The crazy thing is that we are not nearly in as much debt as so many other Americans but it still feels like ugh!