Financial Peace University

WCoC’s Spring FPU Event

SuperSavingIt was a terrific start to the first Financial Peace University class for 2018 and was kicked off with the Super Saving lesson.  We learned about the importance of saving money, where, when and how to save, and the wonders of compound interest.  A wonderful example of saving and investing is the Ben and Arthur saving model.  In here we learned how two teenagers will retire as millionaires with different fortunes based on when they started, and how much they put in.

This lesson also introduces the 7 baby steps, of which saving is baby step 1 and also baby step 3.  Huh? Yes, there are two distinct savings events when you are working the Dave Ramsey principals for getting out of debt and growing wealth.

Baby Step 1 – Save $1000 for a starter emergency fund

Baby Step 2 – Run the debt snowball paying off debts smallest balance to largest balance.  Details for how this works in a later blog.SuperSaving_002

Baby Step 3 – Build on the starter emergency fund by saving 3 – 6 months worth of expenses in a money market account.  This is not an investment, its insurance: insurance against Mr. Murphy and family.  Therefore we do not worry about earning big interest on this – it just sits there near to hand and only used for a major financial emergency.

 

 

 

Dave Ramsey’s Financial Peace University Starts March 11th

dave-quotes_blog_ai_lgBiblical Finance is once again being taught at the Warrenton Church of Christ starting March 11th at 2:30 in the Fellowship Hall for 9 weeks.

Yes folks we rescheduled it after a slow start to the year with the postponement of January’s class.

So if you are wondering if this course is for you, take a look at these next questions and see if you know the answers.  If not, you should come walk with us to financial peace.

  • How do I stop living paycheck to paycheck?
  • Why do I need an emergency fund when I have good credit?
  • How big an emergency fund should I have?
  • Everyone has debt, so why is that a bad thing?
  • Do I need life insurance?
  • Which is best, whole life or term life insurance?
  • How much should I save for retirement?
  • Should I invest in shares or mutual funds in my retirement account?
  • What’s the fastest proven way to pay off debt?
  • Why should I pay off my mortgage?

These questions touch on just some of the topics we cover in the course.  The cost is $109 for your membership kit.  You need one membership kit per family.  If you need help financially, scholarships are available – just ask.  You can sign up at the church on the back table in the auditorium, send an email to the church office or email nsmith1050@gmail.com.  Or just show up on March the 11th and we’ll get you started.

See you there folks.

Congratulations class of Fall 2017 FPU Graduates

FPU_Graduation_Fall_2017_SmallAnother successful Financial Peace University class completed it’s ninth and final lesson this week.

And we are so excited for everyone who joined us and learned the Dave Ramsey Baby Steps – a framework for financial success that over the last 25 years has proven effective for countless millions of families across the United States and around the world.

We are proud to offer this course to everyone in our church family and in our community.  The information this course teaches changes lives, as it has already for our dedicated Fall 2017 class members seen here above.  Our thanks to each of you for making this class so much fun to lead.  Your enthusiasm, questions, and support for each other was inspiring to see.  We wish you every success and a speedy path to Baby Step 7.

Our thanks also goes out to our church Elders, Bill Powell and Eddie Perez for their support and participation in this endeavor: Eddie for being our Co-coordinator and making this class possible in the first place, and to Bill and his wife Fran for being with us throughout the course, offering their support, wisdom, candor, and insight during those critical small group breakout sessions.

We are already planning a January 2018 class and hope to be able to offer this course many more times in the future – God willing.  Until then…

Free yourself, like a gazelle from the hand of the hunter,

      like a bird from the snare of the fowler.

Proverbs 6:5 – NIV

Financial Peace University Graduation

Sunday May 21st – Warrenton Church of Christ celebrates the completion of our first Financial Peace University course

FPU_Grads_2017-05-21

Above: Click on this image to download the high resolution version

Yes brothers and sisters, it was our joy and privilege to graduate the very first Financial Peace University class offered by the Warrenton Church of Christ.  Seen above are our newly graduated spring class of 2017 and we are so proud of each of them. This was a nine week long course that teaches us how to manage money God’s way: and boy is that an awesome concept in today’s world.  In this class we learned how to save for emergencies, eliminate debt from our lives permanently (the borrower is slave to the lender), take out the right kind of insurance to protect our families, save for our kid’s collage, build wealth for retirement and ultimately how to give generously and be an excellent steward with God’s money.  As Dave Ramsey puts it, you will learn how to live like no one else, so later you can live, and give, like no one else.

On this last day we all watched one of the most powerful lessons in the course.  Titled “The Great Misunderstanding”, Dave illustrates how we are but stewards of God’s money.  We don’t own it, because everything belongs to God, so it’s up to us to do right with that which God entrusts us.  After the class video finished, the room was silent for some moments as we all tried to absorb the powerful message Dave had just delivered.  It was awesome and like this entire course – potentially life changing.  We wrapped up the day with the certificate presentations, some cake and sparkling Cider.  It has been a wonderful experience as we have seen the class members grow, learn, encourage each other and share their experiences and excitement for the future now that they know the path to financial peace.

We plan to offer this class again in the fall, so if you missed enrollment this time, be sure to join us for the next WCOC offering of Financial Peace University.  God bless you all.