This is the best cleaning schedule around!

This is the best cleaning schedule around!
Perfect for busy moms!

October 6, 2009

We got a raise....

Shawn and I got a raise....or at least it feels like we did! You see, about 3 months ago we started doing Financial Peace University with Dave Ramsey. I'm not going to get into all the ins and outs of FPU here....but I can tell you that it's working for us. It's hard work and take a lot of diligence but it's been working.

One of the hardest things about FPU for us was switching to a cash only system of buying things. In the past we never had cash and would use our debit card to make purchases. With cash forces you to stick to a set amount of money. For instance, if we only have $60 in our grocery envelope we only spend $60. Sometimes you have to make sacrifices and not get that ice cream you've been craving because it would put you over. If I want a new purse but our clothing envelope is empty...that's too bad. I have to wait until there is enough in there to go make that purchase.

I have to give serious props to my awesome hubby, because he has been handling the majority of the work. He figures out our budget for the month and how much of our money is going to go in each envelope. We even have envelops for things that we're saving for. In the past we would have just bought it and suffered somewhere else. But now, we save a little bit each week and when we've met our goal it gives us the freedom to purchase that item without guilt and more importantly without DEBT! A few examples of our categories are: landscaping, bar stools, curtain/blinds, basement finishing, kids clothing, adult clothing, entertainment, restaurants, and groceries.

Recently we met our goal for bar stools and curtains so we were able to make those purchases and feel good about it. Here are some pics of my new window valances :-)
Now that we no longer need those categories, we can either take that budgeted money and put it into an existing category such as basement finishing or create a new category such as furniture.

Another great perk about FPU is that Shawn and I don't argue over money. We sat down and figured out our priorities in the beginning and agreed how to use our money. End of discussion.

Our major goal for this year is to pay off our van loan by next summer. Once that's paid off, we will start putting more money into our emergency fund, retirement, kid's college funds etc. To read more about Dave Ramsey's FPU program, click HERE.

I would love to hear from others who have already gone through or are currently going through the program.


  1. My uncle and cousin use envelopes to budget for purchases -- they have for years. It's a great system, as long as you have self-discipline.

    At seventeen, it helped my cousin buy his first car -- in cash.

    Congrats to you and your family for working out a way to handle money that makes for less worry!

    (And I like the curtains!) :D

    - Julia at Midwest Moms

  2. Wow that is great. I used to have a system like that, then I bought a house and barely have enough money for gas to get to work let alone put food on the table. I'm a shop-o-holic too so you can imagine how i'm suffering. grrr

    morgage taxes are due soon, the only good thing is they went down so I'm going to hopefully save 100 a month on my morgage. Whoot WHoot.

  3. Yay! That's awesome! That's exactly how my parents did things when I was growing up, and how I'd like to do things because I saw first hand how well it worked. Unfortunately, Marvin is not of the same mindset. I've been praying about it for years...God's timing is never our own, that's for sure!

  4. I've just started looking into this and listening to his program on the radio. Very interesting stuff! I'm going to check out some books from the library and start working on this by Christmas.

    Congrats to you guys though! Awesome! :D


Thanks for stopping by and leaving us a comment.

Related Posts Plugin for WordPress, Blogger...