On Sunday afternoon, we had our third session of Financial Peace University. We had another great day with beautiful weather and fairly decent attendance. I'm wondering, though, if the time change slightly affected us, or was it this week's lesson "Cash Flow Planning" (the dreaded "B" word - budget).Here's what Dave Ramsey's organization has to say about this third session of FPU:
Dave teaches us step by step how to put together a zero-based monthly budget and how to complete all of the financial management forms. Taking control of your money takes time, effort and patience. Check your progress at LEAST once a week and give your budget 90 days to really start working. Plus, get a refresher on how to balance your check account!
Key Points:
- Spend all money on paper before the month begins.
- Use the Envelope System for successful cash management.
- Give your budget 90 days to really start working.
Putting together a detailed budget is hard work, but it is so worth it in the end. Dave is right on track when he speaks about people out there selling books that basically tell you not to even mess with budgets because they don't work (i.e. David Bach). I love some of the principles that people such as David Bach teaches, but on the concept of budgeting, Ramsey is right, Bach is wrong (and this is speaking from 5+ years of experience doing it both ways!)
“If you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us.” - Jim Rohn (American Speaker and Author. He is famous for motivational audio programs for Business and Life. )
Larry
No comments:
Post a Comment