From the category archives:

Financial Peace University

Dave Ramsey’s 7 Baby Steps Review: Get Out Of Debt, Build Wealth And Give.

March 5, 2009

Over the past couple of weeks we’ve been doing an in depth look at Dave Ramsey’s Baby Steps plan for getting out of debt, building wealth and giving.   The plan really is a pretty simple one, some might say it’s common sense,  but it brings home a lot of concepts that a lot of us [...]

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Dave Ramsey’s 7 Baby Steps: Step 7 – Build Wealth And Give!

February 26, 2009

Last time we looked at Baby Step 6,  paying off your home early.  We talked about how much freedom paying off your house would give you, allowing you to really save for retirement, give and live like no one else!   Today we’ll be closing out the baby steps with a look at building wealth and [...]

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Dave Ramsey’s 7 Baby Steps: Step 6 – Pay Off The Home Early!

February 23, 2009

Last time we looked at Baby Step 5,  college funding for your children.   We talked about how and when you should save for their education.    Today we’ll be looking at taking extra money and paying off your home early.  Before we jump in,  once again, here are the 7 Baby Steps. Dave Ramsey’s 7 Baby [...]

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Dave Ramsey’s 7 Baby Steps: Step 4 – Invest 15% Of Household Income

February 17, 2009

Last time we looked at Baby Step 3, saving up 3-6 months of expenses to prepare for when you have a rainy day.  Everyone will have unplanned for expenses, so it’s best to plan for it, and be ready! Dave Ramsey’s 7 Baby Steps, and our progress. Dave Ramsey’s 7 Baby Steps Step 1 – [...]

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Dave Ramsey’s 7 Baby Steps: Step 3 – 3 To 6 Months Of Expenses In Savings

February 16, 2009

Last time we looked at Baby Step 2, paying off all your debt using the debt snowball.  You take your bills, rank them in order from smallest to largest, and proceed to pay them off with intensity! To review, here are the 7 Baby Steps. Dave Ramsey’s 7 Baby Steps Step 1 – $1,000 to [...]

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Dave Ramsey’s 7 Baby Steps: Step 2 – Pay Off All Debt Using The Debt Snowball

February 13, 2009

Last time we looked at Baby Step 1, saving up an emergency fund of $1000.  You’re saving up that money for a variety of reasons, but mainly because you know you’re going to have little “emergencies” popping up all the time, and the baby emergency fund will help keep you from going further into the [...]

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Dave Ramsey’s 7 Baby Steps: Step 1 – $1000 To Start An Emergency Fund

February 11, 2009

Yesterday we gave a brief overview of Dave Ramsey’s 7 Baby Steps, and talked about why it is so important to prepare yourself for the whole experience.  You need to be ready to change your lifestyle, be ready to commit to no more consumer debt, and know that people are going to think you’re a [...]

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Dave Ramsey’s 7 Baby Steps By The Numbers: Getting Started

February 10, 2009

I’ve been writing about personal finance for just over a year now.   During that time I’ve written a lot of about Dave Ramsey and his class “Financial Peace University“,  but I realized that I’ve never written in depth about his 7 baby steps plan to getting your finances in order and on track.  So today [...]

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Unintended Consequences Of Doing A Budget

November 20, 2008

Doing a budget has decreased our spending photo credit: Jeff Keen Within the past few months my wife and I have started doing a zero based budget where every dollar is allocated before it comes in.  When the paychecks are deposited each and every dollar is assigned a job, whether it be paying bills, groceries, [...]

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A Way To Control Spending: The Envelope System

November 3, 2008

We need a way to cut our spending This past summer my wife and I took a class called “Financial Peace University“.  The class is built around the teachings and personal finance framework put together by Dave Ramsey. Ramsey has made it his career goal to help people take responsibility for their financial life, get [...]

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Dave Ramsey’s Financial Peace University – Week by Week

October 16, 2008

Teaching Financial Peace University My wife and I were just asked by some friends at church if we would help them in hosting a Dave Ramsey “Financial Peace University” class at our church. They had been planning to teach the class by themselves, but in the wake of our tough economic times they had over [...]

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Dave Ramsey’s Financial Peace University: Week 13 – The Great Misunderstanding

August 27, 2008

Last Week – Real Estate And Mortgages Last week was week 12 and we talked about real estate – buying homes and selling homes. Things we touched on: When selling a home, think like a retailer. When buying a home, think like an investor. Never get more than a 15-year fixed mortgage. Don’t tie up more [...]

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Dave Ramsey’s Financial Peace University: Week 12 – Real Estate and Mortgages

August 19, 2008

Last Week – Working In Your Strengths Last week was week 11 in Dave Ramsey’s “Financial Peace University“. Week 11 was all about careers and doing what you love for work.  Ideas talked about: The average job in America is now 2.1 years in length. The key to power in our careers is to first [...]

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Dave Ramsey’s Financial Peace University: Week 11 – Working In Your Strengths

August 7, 2008

Last Week – From Fruition To Tuition Last week was week 10 in Dave Ramsey’s “Financial Peace University“. Week 10 was all about retirement, education and planning for the future.  Key points: Independence in retirement is up to you. Don’t depend on Social Insecurity. Fund college education only after you are funding your retirement. If [...]

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