Financial Peace Final Thoughts

I posted waaay back that I was doing the Dave Ramsey financial Peace. Since then we've missed one class for snow, missed another for volley ball, and looks like I will be missing the rest for volley ball. So I wanted to share what I got out of the class.

  • After the first class I realized what the pace/layout of the class was going to be and got bored FAST. We watch a video of Dave doing a live presentation, then answer some questions. 
  • If you have the workbook which comes with the class I feel like you don't actually need to be there. The questions he asks and even the key points are in the booklet. 
  • I just don't have it in me to use the envelope method. When I have cash I either lose it or I spent it. Either way it doesn't stay near me. I like the idea of having money allotted or budgeted out for stuff but not necessarily put it in an envelope. I check my bank balance often I even have the app for my bank on my phone and check at the least every other day. So I am usually able to keep track of my spending.
  • I am not a fan of the zero balance budget. Basically, you budget everything you make down to the penny. I have been doing a budget but mine is different. I budget the bills and other expenses then try to spend as little as possible. What's left at the end of that pay period goes into savings.
  • Personally, I think watching a video of someone give a presentation to a group is boring and I really don't want to leave my house in the cold to sit through that for a couple of hours.
  • I love the idea of immediately putting a thousand dollars in savings and then starting to pay off all of your debt. He recommends smallest amount you owe to greatest because you will see the return faster if you are paying off little things first. I only owe on 3 things, my car which will be paid off in a few months (OMG last weekend I wanted to buy a new car so bad I had self control though and didn't) I also still owe student loans and my house. I don't see the other two things being paid off anytime soon. But I am ok with that Its manageable. 
  • Dave hates credit cards. I use to, because I didn't use them right and got into trouble. When I was trying to buy my house I was told by the lady who did my credit repair and my mortgage company to get a card because it boosts your credit score. I finally gave in and it really did help my score. I got it through the same company that I have my house through. I rarely use it and always pay it off. I think that is the key. If you aren't responsible enough not to max it out and then skip payments, then don't have one. But if you can use it responsibly then they do help.


  1. I'm sorry the class was boring. But it sounds like you did learn some good things at least?

  2. I did. I think the most important thing I took away was I need to tailor it to me. If its overly complicated or stressful I won't actually follow it.

  3. I can't do the envelope thing, cash and I are not friends. But I do like zero based budgeting. I think it helps me save more, because otherwise I wouldn't be like you and just put what's left in savings. I'd spend it.

  4. I need it to be a game. Otherwise there is no hope for me.


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