How nice that your parish is offering this!
There are a lot of women on the Debt Support Board who are huge Dave Ramsay fans, so I've learned something of Dave's principles there. Most of his advice seems quite sound, though I don't agree with all of it. I don't think all debt is the worst thing in the world (e.g. a 2-year car loan for a car you intend to keep for 8 years, a mortgage for the home you intend to live in for the next 20 years, a college education that improves your life and earning potential long-term), but overall it's far better to have financial peace than financial turmoil!
Have not heard of it. Let us know how it goes.
What Kimberly said, lol!
Ann, married to my best friend since June 5, 1999
Happy Mom to 4 boys: Phillip (9/00), Kevin (5/02), Matthew (10/03) and Jonathan (7/06). And 1 Girl
My Parish hasnt offered it, but my husband's church does. We have not gone through the program, I think it is a little pricey. However, my husband did buy the book Total Money Makeover by Dave Ramsey. We both read it, and outside of college educations for the children, we are going to work the program as defined in the book.
We have been dedicated to the program since May and have already reduced our debt more than 10%. We are on track to be debt free (other than my student loans) by August of 2010 - if not sooner!!! Our plan does not account for any pay raises, bonuses, or other unexpected money we might get.
I think it is a great plan and very commen sense approach!!
**but those who hope in the LORD will renew their strength. They will soar on wings like eagles; they will run and not grow weary, they will walk and not be faint. Isa
The FPU has nothing against owning a car, owning a house or going to college.
I know Dave Ramsay is in favor of owning a house and a car and having a college education. I was referring to using debt to finance those things.
I haven't done FPU or even read Total Money Makeover, but my understanding is that he's very much against people taking out loans to finance an education or buy a car, and paying off the mortgage early is one of his 7 steps. Have I misunderstood?
My only point was that I didn't necessarily agree with all those things for everyone, all the time, but living life without financial obligations is certainly a great goal.
I've never enrolled in this.
I suppose you could say that although it's a VERY narrow assessment of the over all objective to being debt free.
Robert and I have been credit card free for 2 years now.