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Senior Member
Financial Peace University
Has anyone here taken the course, and if so was it beneficial?
http://www.daveramsey.com/fpu/
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Frozen Chosen
I know a couple of people who have done it, but it takes extreme dedication.
Like Dave Ramsey says, "Start selling things until your kids are afraid they're next."
People actually make fun of you these days when you take your own lunch to work, I was told by one couple... don't know if that's the norm or not.
But it works if you work it.
So I've been told. I love listening to his radio show.
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Administrator
Seems I read somewhere tithing is the foundation of the plan. Might be somebody else though. :)
But it might be good for the things like selling stuff, how to pay your credit cards off faster, etc.
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Senior Member
Didn't take the course, but we did listen to his programs and eventually paid off the credit cards and only use debit cards now.
The only debt we have now is a car note (the other 2 are paid off), and our mortgage.
Of course, we have cell phones, FIOS, and the usual utility bills and car insurance, but we put extra $$$ in a savings account, and when we need to purchase something, we pay in cash.
I'd cut back even more (like getting a TracPhone, eliminating cable TV and our landline), but Hubby won't let me (LOL)
Last edited by Romans828; 03-12-2016 at 05:17 PM.
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Senior Member
Originally Posted by
fuego
Seems I read somewhere tithing is the foundation of the plan. Might be somebody else though. :)
But it might be good for the things like selling stuff, how to pay your credit cards off faster, etc.
Well, you might be right..would not be surprising if it were the case.
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Senior Member
Originally Posted by
A.J.
I know a couple of people who have done it, but it takes extreme dedication.
Like Dave Ramsey says, "Start selling things until your kids are afraid they're next."
People actually make fun of you these days when you take your own lunch to work, I was told by one couple... don't know if that's the norm or not.
But it works if you work it.
So I've been told. I love listening to his radio show.
My church is going to do this next month, for nine weeks..I don't know if I will have the time/dedication towards it.
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Senior Member
Go for it, Girl, you can do it!!!
It's soooo liberating to be free of credit card (and other) debt, plus the discipline flows over into other areas of your life.
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Administrator
We should be totally out of debt at the end of this year except for a car note. We were $50k in CC debt at one time, and my wife has done a great job of getting it all paid off. She's used the method where when you get one thing paid off, then you add that payment to whatever the payment on the next card is, and so on and so on. I think she's putting about $1200 a month toward the current card she's paying off now from all the cards that have been paid off. The monthly payments of those paid off cards added together that is.
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Senior Member
Originally Posted by
Romans828
Go for it, Girl, you can do it!!!
It's soooo liberating to be free of credit card (and other) debt, plus the discipline flows over into other areas of your life.
Well, the thing is...I don't have any credit cards...I live in a home that is paid for (so no mortgage)...and I don't have any children/grandchildren (so no inheritance to deal with)
AND it costs around $100 for the course and study materials.
I may hold off on this for the moment, I dunno..
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Senior Member
Well, if that's the case, FO, I don't see the point in spending the $100 for the course.
Why not just make a monthly budget (if you don't already have one) and stick to it, while also establishing a savings account (if you don't already have one)?
In my opinion, Dave's philosophy is pretty simple: Don't live beyond your means, don't use credit cards, pay in cash, and if you don't have the cash, wait until you have saved enough to purchase big-ticket items in cash.
If I recall, he doesn't expect people to pay for homes in cash, but he does advocate buying low-mileage, older vehicles in cash...Now, while that makes good financial sense, it may not be feasible for most people - I don't think the "average person" has an extra $15,000 - $20,000 just sitting in the bank these days.
His point is, "Live like a pauper now, so that you can live like a king later."
Of course, this kind of thinking flies in the face of the "Prosperity Doctrine," but the people teaching and preaching that mess aren't helping you with your bills, either are they? :BigHug:
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