Sunday, March 2, 2008

Financial Peace

Financial and Peace...not normally two words that you associate with each other. But, we are on our way there. Nathan and I enrolled in Dave Ramsey's Financial Peace University. It's a 13 week class that teaches how to get out of debt and stay out debt. This class is WONDERFUL. I would advise anyone to take it. Nathan and I had just become so overwhelmed in our debt that we didn't know what to do. We had more month than money and were constantly at each other's throats. I wanted to budget and Nathan thought it was pointless. We were spending like we had money when we didn't and charging like we could afford the payments. Well, all of that is stopping. We are following Dave's "Baby Steps" and learning how to live within our means. If we keep things up like we are right now, in 18 months we will be debt free with the exception of my student loans. Do you know how good that feels? 18 MONTHS!!! I know to some that may seem like an eternity, but to us it is the light at the end of the tunnel. We'll no longer be slaves to credit card companies or the IRS. Once the student loans are paid off, the only debt we hope to have will be a mortgage. We're going to try to live as debt free as possible. It's really a good feeling. Now that we are on the same page about finances, it has really lifted a heavy burden. We aren't perfect by any means, but at least we are working together. We are working on a zero-based budget and using the envelope system. It's taking a lot of work, but I know it'll be worth in the long run. Taking this class may also have been a lifesaver to our marriage.

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