The last few Tuesday nights we have been taking a Financial Peace University class that is offered by Dave Ramsey and his team. We have done this previously online, but never in a classroom setting. We are going to Bellevue Arlington and there are 13 couples in the class. I really look forward to Tuesday nights and what we are going to learn. We have really started trying to follow a detailed budget and get in tune with where we are supposed to be financially. We have paid off several things since we have started and hope to have everything paid off when the class ends on May 24th. It is a 12 week class and it's so worth the effort. We are going to really focus on paying off our debt (Car, flooring, and house) and moving towards baby step three. It's amazing how quickly you can pay off things when you are on a budget and really eliminating extra spending. It makes me feel like we really have control over our money and that it's not controlling us.
There are 7 baby steps:
1. Save $1,000
2. Eliminate all debt - Debt snow ball
3. Save 3-6 months worth of expenses
4. Save 15% of income for Retirement
5. Start a college fund
6. Pay the house off early
7. Build Wealth and Give
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