Fpu central college savings planner4/6/2023 ![]() We personally defined this as monthly house bills + basic monthly groceries + enough gas for minimal driving in a month, multiplied by six (months). Step 3: Save up a full emergency fund, defined as 3–6 months worth of basic living expenses. My husband wrapped up a culinary school certificate, and through yard sales and major scrounging we paid off his remaining tuition bill around the same time that we finished the nine-week Ramsey class. Step 2: Pay off all debts, smallest to largest, except the mortgage. Just starting out, and one step was done. Through endless rice and bean dinners, we had managed to keep about that much in the bank for the tedious and unexpected events, like having to get my car towed. As FPU met our criteria, we ran hard after the following milestones: Step 1: Save a $1,000 “beginner” emergency fund. Giving away money regularly is part of a healthy financial lifestyle.Īs you choose a financial strategy, be it a program, group, app, or book, consider the values in play and whether they correspond with the foundation of your household.We are just managers of money flowing from God.We embraced the Financial Peace curriculum because it embodied three of our personal family values: A few months later we were sitting at Ramsey’s feet, studying the “Seven Baby Steps” that would become the track sheet of our post-college years. Even replacing his worn-out wooden wedding band with a $30 silver Walmart trinket turned tense when he was suddenly wearing half a week’s grocery cash. I’d pay bills and wring my hands, and my husband would look for a fourth interesting way to prepare beans and rice. We had recently become a one-income family and, despite a debt-free college degree each and little other debt beyond a modest mortgage, money tension crackled between us weekly, sometimes daily. In 2014, a shouting bald man entered my life.įor $113.95, my husband and I bought our seats, workbook, CDs, and other goodies for a Dave Ramsey nine-week Financial Peace University (FPU) video lecture series hosted at a local church.ĭid we have a hundred dollars to spend on a financial class? Not really.
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