A few months ago, my husband and I went through Dave Ramsey’s Financial Peace University and boy did I learn a thing or twenty. You see, I always thought of myself as a “saver” but that was pretty quickly denounced only a few weeks into the class (ok, ok by a few weeks…I mean the first class.)
“I knew how to manage my money and make a budget before, but if I’m being super honest, I wasn’t ever very good at sticking to that budget.”
As newlyweds trying to pay off debt while paying for grad school and dreaming of someday owning a home and a decent car, my husband and I have had to really dig deep into this whole money management thing. At times it’s made us (me) crazy, but it’s been the biggest blessing in our marriage. I’ve gone from barely treading water with student loan debt, credit card debt, car payments, wedding expenses, travel expenses and on and on, to now feeling empowered and in control of our money. Although our road to financial freedom may be long, windy and a bit bumpy at times, we look forward to the day when debt is no longer a word in our vocabulary.
So, here’s what I’ve learned so far from the man himself, Dave Ramsey.
- You can’t afford that. No but seriously, you can’t. Yeah, so all those little things us 20-somethings think we’ve just gotta have?? (New car, new clothes, new, new, new…) I don’t know about you, but I can’t afford them anymore.
- There is no such thing as “good debt.” Money owed is money owed. Whether it’s for a home, a car, a college education or whatever it may be, owing money to anyone makes you a slave to the lender.
- Budgeting is king. Ever get to the end of the month and wonder what happened to all of your money? Yeah me too. Budgeting helps us tell our money what to do and where to go so it doesn’t dissappear.
- It’s Gods money first. Even though my husband and I are trying to diligently chip away at our debt, we want to always have hearts that are giving cheerfully; to the church, to those in need or in any circumstance where we have the opportunity and heart desire to be generous.
- Live like no one else now, so that you can live like no one else later. People will laugh, they will mock, they won’t understand what you’re doing or why you’re doing it, but this commitment to live sacrificially, pay off debt, save, invest and give sets us up for the life that we desire down the road.
So there you have it folks. The short and sweet version of money, budgets and all that adult stuff. Want to learn more about Financial Peace University? I’d love to chat with you about our experience so far! It’s been life changing. Press on friends!