Jul 11
28
Recent news about raising the national debt ceiling and further pushing our country into the brink of financial ruin has gripped the national news and my attention. It goes without saying that all of our personal budgets have hard and fast thresholds; we cannot spend MORE then we make (unless we want to incur deep credit card debt!). I have been involved with Dave Ramsey’s Financial Peace University (http://www.daveramsey.com/fpu/) and highly recommend it to all of my customers.
One of the latest posts on Dave’s forum asks; What money habits, learned during Financial Peace University, has helped you the most during tough financial times?
- The responses are worthy of noting here as they are great constant reminders of good, basic financial practices that all of us should practice.
- Comment From Dave from Battlefield
The emergency fund! We now save for everything, and as Dave mentions, we have an emergency fund for our emergency fund. - Comment From Guest
INVESTING! I am 19 years old and I already have over $6,000 in a Roth IRA. SAVING! - Comment From Kristy & Eric
BUDGET, BUDGET, BUDGET. If it’s not in the budget, then you do not purchase it - Enveloping money for groceries! After FPU I found I was spending WAY too much on groceries for my family. The envelope system helped me reign in my spending
- Anna Edwards Lang: Mainly to stay calm and work the plan – which includes making needs known to the church.
I have spoken with 100’s of church’s over the 30+ years I have been selling insurance and now in my own business; Christian Ministries Insurance. I have heard their financial woes over and over again and try to help them as best I can via lower policy premiums and better coverages.
Please take a moment today to evaluate your financial situation and make the changes necessary to get on the right path to financial peace!
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