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Financial Peace

January 17th, 2013 at 07:37 pm

Last Saturday I started attending Dave Ramsey's Financial Peace Univeristy classes with DD1.
This is my second time going through the program. I read a few of his books before. Then when I took this job three years ago there was a guy here who taught the class at his church. Every payday he'd come down and ask me if I've signed up. My reply was always no, that I already have read the Total Money Makeover and know what to do. One day, he irritated me and I signed up. Boy, was that the best decision ever! I learned so much from being in a class setting.

Back to this Saturday - The classes are held at the YMCA close to our house. DD1 was laughing at the funny moments in the video, she was taking notes. The homework was to read 4 chapters which she has already completed. After the class DD2 had coins and wanted a snack out of the vending machine (yes there are vending machines inside the YMCA) and DD1 told her to save her money that we are going home to eat. I had a proud mother moment.

Since she needs to build a $500 Emergency Fund and doesn't have a job she is going to have to get creative. I have decided to pay her for book reports.
Reading books that I pick out that will be beneficial to her. She is a heavy reader. She can finish one book in a day.

You know.. this also gives us some bonding time while DD2 plays in the kids class. I like the fact that I'm showing my daughter how to be financially stable. I like learning along side her. The class is going to push me harder to get thing that I want to done.

Tomorrow, I meet with her school counselor to discuss her classes and go over college planning. DD1 has decided to major in English. She loves to write. She also likes photography and animals and to travel. We discussed her dream job working for National Geographic.

Posted in | 4 Comments »

4 Responses to “Financial Peace”

  1. creditcardfree Says:
    January 17th, 2013 at 07:50 pm 1358452249
    1358452249

    Great idea to start your daughter out with an emergency fund. Is she currently working? I think it would be better to pay her to do some of your chores than a book report that you don't need. She could also try to publish something online for cash.

  2. twest Says:
    January 17th, 2013 at 08:44 pm 1358455462
    1358455462

    I too think it is a great idea for her to have an emergency fund. It sounds like they have been listening to your wise advice.

  3. Wino Says:
    January 18th, 2013 at 03:41 am 1358480482
    1358480482

    Good for you and DD's! DD2 had a photo published on a TV commercial for NG about two or three years ago. It was for their animal channel. I think she was a junior at university when NG contacted her. Too bad she didn't try to follow it up. Working for NG would be a cool job for anyone, I think.

  4. Jerry Says:
    January 21st, 2013 at 08:33 am 1358757229
    1358757229

    It leads to a huge difference for people when they have the insurance of learning about financial responsibility early on... your daughter is fortunate to get started sooner than later, and I hope that she does get a job like NG. That would be great!
    Jerry

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