F.P.U.

You know, I’ve always thought Dave Ramsey had good things to say, and his company promoted good ideas and values…. But I never really dove into his stuff.

Until now!

Last Sunday was our first FPU class. For those of you who don’t know, FPU stands for Financial Peace University. I don’t know about you, but financial peace sure sounds good to me!

The website makes it easy to find a local class. They’re usually hosted by churches. The classes last for thirteen weeks, a couple hours each. For the first hour, you watch Dave’s presentation of the lesson on dvd. For the second, you meet in a small accountability group.

This last Sunday’s lesson covered the Seven Baby Steps (click here to see a list of all the FPU classes)

FPU Kit

  • Step 1:  $1,000 in an emergency fund ($500 if your income is under $20,000 per year)
  • Step 2:  Pay off all debt except the house utilizing the debt snowball
  • Step 3:  Three to six months expenses in savings
  • Step 4:  Invest 15% of your household income into Roth IRAs and pre-tax retirement plans
  • Step 5:  College funding
  • Step 6:  Pay off your home early
  • Step 7:  Build wealth and give!

My husband and I are both so excited to be heading down this path!

Some people have commented that we don’t need a class like that–we handle our money so well. Some people tell us we need to take it. We decided since we’re in a transitional stage of life, trying to figure out how to financially handle living in a new area, it was a good time to get some education.

Have you heard of FPU before? Why did you or did you not take it? If you did, how has it impacted your life?

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God and Finances by On Planting Seeds…

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Here we go…. by Our Freedom Story

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8 Responses to “F.P.U.”

  1. lilykreitinger Says:

    Welcome to the wonderful world of weird people! I hope you enjoy FPU as much as we did and that it helps you make some great decisions for your financial growth. It was very helpful for us; our relatives roll their eyes when we start a phrase with “Dave Ramsey says…” Even if you are debt-free, the insight and the reason why we should learn how to manage money well will definitely have an impact. For me, FPU led to EntreLeadership and… you know the rest. Enjoy the class!!!

  2. financiallyliterateblog Says:

    I am so glad you decided to take the class. FPU is so awesome. It caused a shift in how I thought about money. I hope you enjoy the class! Take it one baby step at a time and as Dave Ramsey says, “live like no one else, so later you can live like no one else!”

    ~AmyC.

  3. skottydog Says:

    FPU is a way of life for our family. Our kids read and listen to Junior’s Adventures, have Junior lunch boxes, and use the three “give”, “save”, and “spend” banks. At 4 and 2, they are off to a WAY better start than we ever had!

    As for us, we’ve paid off $100,000 in just over four years, and have facilitated FPU at our church. Dave Ramsey is a household name around our place!

  4. Bret Wortman (@BretWortman) Says:

    The only thing better than going through FPU is leading a class. Once you’re through it, I highly, HIGHLY recommend turning right around and leading the next class as soon as you can. Nothing reinforces what you’ve learned like teaching it to the next crop of students, plus it really helps keep you on the path. We’re almost to the end of baby step 2 ourselves after several near-misses (including a cross-country move) that derailed us a bit, but the next 12 months should close out our $143K of debt! It’s taken about 5 years but it’s been soooooo worth it.


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