Are you stressed with the amount of debt you are carrying? Are you worried about saving for retirement or paying for your kids’ college tuition? Is money a source of stress in your marriage?
If your answer to any of these questions is yes, I have good news.
You are not alone and there is a way to turn things around. I have been exactly where you are.
Here is a picture of my household’s financial picture 7 years ago:
- Had a very good, stable job, with great income. But… we were living paycheck to paycheck. Using credit cards to make up the difference every month.
- Had almost $50K in unsecured debt (car note, credit cards, student loan, etc.).
- Had no plan to pay for college for our son except to consider student loans.
- Had no savings for emergencies.
- Had very little in retirement funding and no structured plan for savings.
- My wife and I we were not working together as a couple.
- We realized we were not honoring God in the handling of our finances.
I realized that we needed help. In the Fall of 2005, our church offered a financial class (Dave Ramsey’s Financial Peace University, FPU) and I attended the 13-week course.
As I shared with my wife what I was learning, we started to apply biblical principles for sound financial management. We began a life transforming journey for our family.
I can thankfully share the positive impact of that decision to get help 7 years ago. Here is where we are today:
- We are living on a budget. We have a plan for our finances. We have learned to live on less than we make.
- We paid off all of our unsecured debt ($50K). It took us 29 months.
- We have a 6 month emergency fund.
- We were able to pay for our son’s college without borrowing money and without him borrowing money.
- We have a structured approach for retirement savings.
- We are honoring God with our handling of finances.
I firmly believe everyone is capable of being successful with their finances and sometimes it is just a matter of getting a little help.
Don’t wait and act now to start your journey towards financial wellness!