Did you know that the number one cause of divorce in America is money fights and money problems? So many of us come to the altar with our own debts from college, and when combined we have to face how to deal with these debts. One of the best ways to ensure that you are on the same page financially is to attend Financial Peace University- a program by Dave Ramsey that will help you get right with your money and pay off your debts.
If you've never heard of Dave Ramsey, allow me to introduce you! My hubby and I are currently going through FPU- I've talked about this a little over on the Life section of the blog. Here's a little background on Dave from his website:
“Starting from nothing, by the time I was 26 I had a net worth of a little over a million dollars. I was making $250,000 a year—that's more than $20,000 a month net taxable income. I was really having fun. But 98% truth is a lie, and that 2% can cause big problems, especially with $4 million in real estate. I had a lot of debt—a lot of short-term debt—and I'm the idiot who signed up for the trip.
The short version of the story is that debt caused us, over the course of two and a half years of fighting it, to lose everything. We didn't tell anyone what was going on, but if we had to do it again, we would learn from the wisdom of others who have been through it. We soon learned that we were not the only ones at the bottom. Barbie and Ken (you know, the couple who appear to be perfect—perfect clothes, perfect car, perfect house) are broke, and I don't take financial advice from broke people anymore.”
You can listen to Dave's show everyday from 1 to 4 on Nashville's local station 99.7 or go here to find where to listen in your area. Dave has helped people all across the country get rid of all their debt! It takes discipline, but can you imagine how amazing it would be to pocket every penny of your salary except what you spend on utilities and insurance? E and I plan to be debt free (besides our house) by early next year, and if all goes according to plan, completely debt free in 5 years with a paid-off house. Can you imagine? Completely debt free at 30?