Sunday was our 2nd night of the Financial Peace University class. It was just as informative as the first and just as funny. I really think Dave Ramsey was a comedian/magician in his previous life. He's better than some of the magicians I've seen before.
The beginning of class was started with a short video clip titled, "Drive Free, Retire Rich". It was an interesting little clip on how you could essentially pay for your car IN FULL and get a new one every 5 years or so. Could you imagine having a car and not having a car payment? The average car payment is $475 a month! That blew me away. Imagine what you could do with that much money!
After that clip it went into the actual lesson which was more about marriage/relationships and finances. Finances is the biggest stress in most relationships. In fact it is the #1 cause of divorce. Yes, that's right, #1 cause. Which also means its the #1 opportunity to help marriages/relationships.
I personally think, as does my husband that if we had just a little extra money each month our relationship would be so much better. Our biggest stress is our finances. I'm not talking about hundreds of thousands of dollars either. I'm just talking about an extra $500-1000. Which doesn't seem like a lot I'm sure, and to some it isn't, but to us, it is!
Do you and your significant other have a budget? Have you talked about your finances? Do either of you feel that things would be better with the two of you if you had just a little more money?!
After being at class on Sunday there are two things that I would URGE for you to do.
1. Create a budget, see where your money is going and ways that you can save.
2. Talk about the budget with your significant other. Make sure you're both on the same page. If you're not, you're bound to argue at some time on who is spending what and where.
It is time to STOP your money from controlling you and for you to control the money!
Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Tuesday, January 31, 2012
Monday, January 23, 2012
Budget, Savings, Emergency Fund?
Do you have one? two? or all three? If not, why not? Would you like any of the above?
Did you know that no matter what your situation is that with a budget you CAN have a savings and an emergency fund?!
For those that have savings and/or an emergency fund, how did you get started? What got you started?
I'm 28 years old, married with 2 children and going through with the short sale process on our house. It isn't the most ideal situation, but it is what it is. Its what is needed right now for my family as we weren't so prepared as we thought to purchase a home.
I've never lived on a budget. In fact I've lived paycheck to paycheck ever since I had my first job. By the way, I'm a WAHM now, where as before I was a SAHM for many years.
While my husband works his butt off 40 hours a week, it is just enough to pay the bills. Well, most. As I said we're going through the short sale process on our house because we weren't able to make that payment AND all of the others.
If we paid the mortgage we'd have to be behind on all of our utilities. That's right, I'd pay the past due amount, leaving the current amount unpaid. Of course when the due date came and went for that bill, it was then past due. For MONTHS we had a past due amount on each of our utilities. Until we decided we couldn't afford to pay the mortgage. We're now current with our utilities but behind on our mortgage.
Hardships happen. They happen to ANYONE. They can happen at ANY TIME. Are you prepared? Do you want to be?
My husband and I have decided it is time to take control, not only of our finances but other attributes in our lives. For the financial control we're leaning on Dave Ramsey, I'm sure you've heard his name in passing at least once. We're taking his 13 week Financial Peace University course. Tonight was class 1 and we learned so much just from this class that I can't wait for the future classes.
Did you know you should have a minimum of $1,000 for your emergency fund? $500 if you're income is less than $20,000 a year.
What about having at least 3-6 months of expenses saved up for that "rainy day" that may come?
Those are a couple things that were covered in tonight's class. Which by the way, we pretty much got a comedy show tonight just for going. He is a FUNNY guy! Definitely lightens the mood a bit!
If you have the chance to take the class, even if its doing it from home on your own, I fully recommend it.
I'll try to update about the class no later than Monday evening as each class is on Sunday. However, I can't guarantee it'll be up by then as I may get busy on some Mondays. So for sure it will be up each Tuesday after. Check back then to see more information on how you can save money and plan for the future.
Did you know that no matter what your situation is that with a budget you CAN have a savings and an emergency fund?!
For those that have savings and/or an emergency fund, how did you get started? What got you started?
I'm 28 years old, married with 2 children and going through with the short sale process on our house. It isn't the most ideal situation, but it is what it is. Its what is needed right now for my family as we weren't so prepared as we thought to purchase a home.
I've never lived on a budget. In fact I've lived paycheck to paycheck ever since I had my first job. By the way, I'm a WAHM now, where as before I was a SAHM for many years.
While my husband works his butt off 40 hours a week, it is just enough to pay the bills. Well, most. As I said we're going through the short sale process on our house because we weren't able to make that payment AND all of the others.
If we paid the mortgage we'd have to be behind on all of our utilities. That's right, I'd pay the past due amount, leaving the current amount unpaid. Of course when the due date came and went for that bill, it was then past due. For MONTHS we had a past due amount on each of our utilities. Until we decided we couldn't afford to pay the mortgage. We're now current with our utilities but behind on our mortgage.
Hardships happen. They happen to ANYONE. They can happen at ANY TIME. Are you prepared? Do you want to be?
My husband and I have decided it is time to take control, not only of our finances but other attributes in our lives. For the financial control we're leaning on Dave Ramsey, I'm sure you've heard his name in passing at least once. We're taking his 13 week Financial Peace University course. Tonight was class 1 and we learned so much just from this class that I can't wait for the future classes.
Did you know you should have a minimum of $1,000 for your emergency fund? $500 if you're income is less than $20,000 a year.
What about having at least 3-6 months of expenses saved up for that "rainy day" that may come?
Those are a couple things that were covered in tonight's class. Which by the way, we pretty much got a comedy show tonight just for going. He is a FUNNY guy! Definitely lightens the mood a bit!
If you have the chance to take the class, even if its doing it from home on your own, I fully recommend it.
I'll try to update about the class no later than Monday evening as each class is on Sunday. However, I can't guarantee it'll be up by then as I may get busy on some Mondays. So for sure it will be up each Tuesday after. Check back then to see more information on how you can save money and plan for the future.
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