I’m Thinking Out LOUD today about money. I don’t have any get-rich-quick schemes for you. I don’t have an insider tip for you. I just want to give you a little view into my world of money right now. So go ahead and turn up the volume. You are going to want to hear this.
Our church has enrolled in Financial Peace University. This is Dave Ramsey’s class on budgeting, dumping debt, and building wealth. For the past 5 weeks, about 40 of us have been meeting on Sunday afternoons and watching Dave’s video curriculum. It has been amazing. I am so excited about what I see happening in our families and individuals. We are saving money, paying off debt and finally taking control of our money. It is an incredible feeling. (I must add a disclaimer here. Dave Ramsey and Financial Peace University don’t know who I am so this is not a paid endorsement or advertisement. Just wanted to let you know.)
Now don’t get me wrong. It is a painful process. It takes a lot of hard work at first to put together the kind of budget Dave recommends. It is hard to tell your money where to go and to stick with a plan. It took me about 8 hours to put together the first detailed budget. And that was for a 2 week budget! And, no that’s not because I have so much money that it took such a long time to spend it on paper. I’ll let you know when that happens but it ain’t right now.
I wanted to blog about my experience. It has been a very rewarding week. My family has for the most part lived within our means. However, we have never stuck to a specific dollar amount in any particular category. And, I have never been one to carry around cash and pay for things out of an envelope system. I have always paid for purchases with my debit card. We decided to go all out with Dave’s plan. That includes the envelope system. So this past week was our first week to purchase with cash from our envelopes. I wasn’t even sure how to withdraw the cash I needed from the bank! How crazy is that?
I am so into the envelope system. I was pretty certain it was going to feel really restrictive and I was not going to like it. It has been the exact opposite. I almost feel like I am playing a game. My goal is to see how much money I can have left in my envelopes at the end of 2 weeks. I am so much more aware of how much I am spending and how much items actually cost. I didn’t realize it was costing me $15 for my house to smell good with plug-ins. I decided that was probably not a necessary item. I’m not against plug-ins. So if you use them, keep right on doing so. I just decided maybe that really isn’t necessary for me. Now, I know you couponers have a million ways to get them for 57 cents or better yet, FREE. I’m not there yet and may never be, so for now, my house won’t smell as pretty as yours.
Several families in our class have expressed similar experiences as they have applied the tools Dave teaches. I am really excited to see what God has planned for us individually and as a church as we apply Biblical principles to our finances. I don’t feel in the least bit deprived. I feel like I’m in control. I feel like a good steward. Imagine that! Funny how God’s word always proves itself to the be best way when you put His principles to work in your life.
If you feel overwhelmed and hopeless about your financial situation, I encourage you to check out Financial Peace University. If applied, it really is life changing.
I’ll keep you posted on our efforts.