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7:57 PM, Apr. 15, 2009
Financial Peace University works!
(view similar articles on Personal Finance and Taxes)
My church just finished 13 weeks of Dave Ramsey's Financial Peace University(FPU). I was one of the volunteer discussion group leaders.
Here's what our church reported:
According to Dave Ramsey's website, over 650,000 families have completed FPU with amazing success. On average, they pay off $5,300 in debt and save $2,700 in just 13 weeks. That's an $8,000 change in position in just 91 days!
The attendees at the first MCC FPU class are no exception:
We had 46 MCC families complete the first FPU class that just ended in April. As a group, they paid off $232,000 of debt and increased their savings by $178,000!! That means that the average person paid off $5,043 in debt and saved $3,869. That is a $8,912 change in position in just 91 days for each family. It really works!!
Amazing! That's what good teaching, encouragement and persistence will do!
If you get the opportunity to attend a FPU session, please go! Even if you're a seasoned financial manager like myself, you will learn something.
I was motivated to keep my grocery spending more in line with a realistic budget. Just by watching the prices, I cut my grocery bill by $200 a month. I made it a game: "Can I spend less than $150 a week?" I wasn't clipping a lot of coupons, I just made wiser choices such as fewer sodas, more store brands, etc.
Carol
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