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Showing posts with label Financial Peace. Show all posts
Showing posts with label Financial Peace. Show all posts
Friday, March 13, 2015
Goodbye Nelnet
Thursday, September 1, 2011
The Important of Starting to Save Early
Learn From Ben - Start Saving NOW!
Saving money consistently is so important! The earlier you start, the better. Let compound interest work in your favor! While you can’t change the past, you CAN start right now! What is every high school student couldn't graduate until they could understand and explain this chart? I sure I would have!
Example - Ben and Arthur
Both save $2,000 per year at 12%. Ben starts at age 19 and stops at age 26. Arthur starts at age 27 and stops at age 65.
http://www.daveramsey.com/
Saving money consistently is so important! The earlier you start, the better. Let compound interest work in your favor! While you can’t change the past, you CAN start right now! What is every high school student couldn't graduate until they could understand and explain this chart? I sure I would have!
Example - Ben and Arthur
Both save $2,000 per year at 12%. Ben starts at age 19 and stops at age 26. Arthur starts at age 27 and stops at age 65.
| Age | Ben Invests | Arthur Invests | ||
| 19 | $2,000 | $2,240 | $0 | $0 |
| 20 | $2,000 | $4,749 | $0 | $0 |
| 21 | $2,000 | $7,558 | $0 | $0 |
| 22 | $2,000 | $10,706 | $0 | $0 |
| 23 | $2,000 | $14,230 | $0 | $0 |
| 24 | $2,000 | $18,178 | $0 | $0 |
| 25 | $2,000 | $22,599 | $0 | $0 |
| 26 | $2,000 | $27,551 | $0 | $0 |
| 27 | $0 | $30,857 | $2,000 | $2,240 |
| 28 | $0 | $34,560 | $2,000 | $4,749 |
| 29 | $0 | $38,708 | $2,000 | $7,558 |
| 30 | $0 | $43,352 | $2,000 | $10,706 |
| 31 | $0 | $48,554 | $2,000 | $14,230 |
| 32 | $0 | $54,381 | $2,000 | $18,178 |
| 33 | $0 | $60,907 | $2,000 | $22,599 |
| 34 | $0 | $68,216 | $2,000 | $27,551 |
| 35 | $0 | $76,802 | $2,000 | $33,097 |
| 36 | $0 | $85,570 | $2,000 | $39,309 |
| 37 | $0 | $95,383 | $2,000 | $46,266 |
| 38 | $0 | $107,339 | $2,000 | $54,058 |
| 39 | $0 | $120,220 | $2,000 | $62,785 |
| 40 | $0 | $134,646 | $2,000 | $72,559 |
| 41 | $0 | $150,804 | $2,000 | $83,506 |
| 42 | $0 | $168,900 | $2,000 | $95,767 |
| 43 | $0 | $189,168 | $2,000 | $109,499 |
| 44 | $0 | $211,869 | $2,000 | $124,879 |
| 45 | $0 | $237,293 | $2,000 | $142,104 |
| 46 | $0 | $265,768 | $2,000 | $161,396 |
| 47 | $0 | $297,660 | $2,000 | $183,004 |
| 48 | $0 | $333,379 | $2,000 | $207,204 |
| 49 | $0 | $373,385 | $2,000 | $234,308 |
| 50 | $0 | $418,191 | $2,000 | $264,665 |
| 51 | $0 | $468,374 | $2,000 | $298,665 |
| 52 | $0 | $524,579 | $2,000 | $336,745 |
| 53 | $0 | $587,528 | $2,000 | $379,394 |
| 54 | $0 | $658,032 | $2,000 | $427,161 |
| 55 | $0 | $736,995 | $2,000 | $480,660 |
| 56 | $0 | $825,435 | $2,000 | $540,579 |
| 57 | $0 | $924,487 | $2,000 | $607,688 |
| 58 | $0 | $1,035,425 | $2,000 | $682,851 |
| 59 | $0 | $1,159,676 | $2,000 | $767,033 |
| 60 | $0 | $1,298,837 | $2,000 | $861,317 |
| 61 | $0 | $1,454,698 | $2,000 | $966,915 |
| 62 | $0 | $1,629,261 | $2,000 | $1,085,185 |
| 63 | $0 | $1,824,773 | $2,000 | $1,217,647 |
| 64 | $0 | $2,043,746 | $2,000 | $1,366,005 |
| 65 | $0 | $2,288,996 | $2,000 | $1,532,166 |
| ...And he never caught up! | ||||
Friday, June 10, 2011
Can God Really Be Trusted?
I know that God has promised to provide all our needs. This year just seems to have been filled with so many set backs when it comes to our financial goals. With all the job losses, car repairs, and such similar events it seems like every time we were getting ahead something happened to set us back. Even with all these things setbacks, God has been providing for us at every turn. We finally, after a lot of hard work, have gotten to our "Break Even Point" where when we sell the house we will be debt free. That is exciting for us because now we can make the necessary plans to move to Texas and join Wycliffe completely debt free. There is an application process and some classes that we have to take and then once we get accepted we can make plans to sell the house, create our support team, and move to Texas. It's a process that can take some time, but it's exciting that now can start. And it also means that each debt payment that we make from this point until we move is just gravy. The more I think about the question above, the more I realize that the answer is an absolute "Yes." He may not always provide in the speed that I expect or in the way I expect, but He will always provide all our needs.
“Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? And which of you by being anxious can add a single hour to his span of life? And why are you anxious about clothing? Consider the lilies of the field, how they grow: they neither toil nor spin, yet I tell you, even Solomon in all his glory was not arrayed like one of these. But if God so clothes the grass of the field, which today is alive and tomorrow is thrown into the oven, will he not much more clothe you, O you of little faith? Therefore do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the Gentiles seek after all these things, and your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you." Matthew 6:25-33
“Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? And which of you by being anxious can add a single hour to his span of life? And why are you anxious about clothing? Consider the lilies of the field, how they grow: they neither toil nor spin, yet I tell you, even Solomon in all his glory was not arrayed like one of these. But if God so clothes the grass of the field, which today is alive and tomorrow is thrown into the oven, will he not much more clothe you, O you of little faith? Therefore do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the Gentiles seek after all these things, and your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you." Matthew 6:25-33
Wednesday, January 19, 2011
Budget Cuts
I trust that God is going to get us through this temporary set back in the budget. Hopefully, the YWCA will get some new private donors, so we will not have to rely on government funding so much.
We are going to make some changes to our budget in the coming months and that will probably mean that we will have to slow down a little on our debt snowball, but I believe that we will make it work. God has always provided for us in the past and I am trusting that He will continue to do so.
Tuesday, November 16, 2010
Newlyweds: What Do We Need To Know About Money?
Unity over money will build a strong foundation for your marriage
from daveramsey.com on 12 May 2010
If you’re getting ready to tie the knot, then one thing you definitely want to talk about with your honey is money!
You probably have lots going on, and emotions are running high. But believe us: now is the time to get on the same page about money. Money fights and money problems have been the leading cause of divorce for decades—but the good news is that these issues are preventable! Getting on the same page creates a strong foundation for a healthy, lifetime marriage. Plus, you’re stopping money fights before they start!
A lot of couples find that being unified with their money increases their intimacy overall. Like Dave says, “When you can talk about money, you can talk about anything.” Talking about money is easier than you may think—especially if you start before you say, “I do.”
The process of bringing your money together doesn’t have to add stress to a time of pre-wedding bliss. It can actually be fun! Here is a quick five-step checklist to get you started building a solid foundation for your life together:
Source
from daveramsey.com on 12 May 2010
If you’re getting ready to tie the knot, then one thing you definitely want to talk about with your honey is money!
You probably have lots going on, and emotions are running high. But believe us: now is the time to get on the same page about money. Money fights and money problems have been the leading cause of divorce for decades—but the good news is that these issues are preventable! Getting on the same page creates a strong foundation for a healthy, lifetime marriage. Plus, you’re stopping money fights before they start!
A lot of couples find that being unified with their money increases their intimacy overall. Like Dave says, “When you can talk about money, you can talk about anything.” Talking about money is easier than you may think—especially if you start before you say, “I do.”
The process of bringing your money together doesn’t have to add stress to a time of pre-wedding bliss. It can actually be fun! Here is a quick five-step checklist to get you started building a solid foundation for your life together:
- Put It All on the Table
Transperency is Key! - “Marry” Your Accounts
When you get married, combining your money into joint accounts is a crucial step. - Start Budgeting Together
Get tips for uniting over the budget. - Make A Plan
Set priorities together and make a plan for moving through Dave’s Seven Baby Steps as a team. - Put Your Relationship First
Whatever you do, don’t stress! It’s just money. Your relationship is so much more important.
Source
Friday, June 4, 2010
Total it Up: Thursday and Friday
Thursday was our final full day of classes. We did some more "Fun"etics and "Fun"ology. In the evening, Steve and I got to eat lunch with a retired couple that lives on campus. There is a beautiful apartment complex for retired Wycliffe workers. They both served in Peru. They met in Peru and have known each other for about 40 years but they have only been married for 4 years. Don and his first wife served Peru at the same time Lucy was there. Don's first wife died some years ago. After all these years, they find themselves both living in the apartments and they hit it off again. Isn't it awesome how God brings people together? One of the things I think I have loved most about this week is listening to the stories of the missionaries and hearing how God brought them to Wycliffe and what they have been doing.
After dinner, the Total It Up crew had a campfire and S'mores. It was pretty fun, even though we were getting eaten alive by mosquitoes.
Today was kind of a closing day. We talked about what our next steps could be and basically debriefed the whole week. We all got graduation certificates, so I guess we are officially graduates. :o)
Since after lunch, we have been a little on our own since the program is technically over. We helped the leaders clean up a bit, took a walk, ate dinner, and went swimming in the pool. At the pool, we met a missionary couple that is about to go to Papa New Guinea. They are apparently Financial Peace grads, so it was fun to talk to them about their journey. Now we are just relaxing in our rooms. It seems way to earlier to go to bed. "Daddy" Steinbach is picking us up from here tommorrow morning. We are going to spend the day with him and then we head home on Sunday afternoon.
I was a little nervous about this week at first, because I thought the classes were going to be really hard and way over my head. I don't have skills in Linquistics like Steve does. I have actaully learned alot. I'm excited to see what God has in store for us next. I don't think I will be serving in a Language role, but there are so many support/administrative and Computer/IT roles that, with a little more training, I could definetly do. I'm really glad Steve talked me into going on the trip.
After dinner, the Total It Up crew had a campfire and S'mores. It was pretty fun, even though we were getting eaten alive by mosquitoes.
Today was kind of a closing day. We talked about what our next steps could be and basically debriefed the whole week. We all got graduation certificates, so I guess we are officially graduates. :o)
Since after lunch, we have been a little on our own since the program is technically over. We helped the leaders clean up a bit, took a walk, ate dinner, and went swimming in the pool. At the pool, we met a missionary couple that is about to go to Papa New Guinea. They are apparently Financial Peace grads, so it was fun to talk to them about their journey. Now we are just relaxing in our rooms. It seems way to earlier to go to bed. "Daddy" Steinbach is picking us up from here tommorrow morning. We are going to spend the day with him and then we head home on Sunday afternoon.
I was a little nervous about this week at first, because I thought the classes were going to be really hard and way over my head. I don't have skills in Linquistics like Steve does. I have actaully learned alot. I'm excited to see what God has in store for us next. I don't think I will be serving in a Language role, but there are so many support/administrative and Computer/IT roles that, with a little more training, I could definetly do. I'm really glad Steve talked me into going on the trip.
Friday, April 9, 2010
Goodbye Sallie Mae!
For the past few weeks, I have been working about 50-60 hours a week. I have been called a work-a-holic by some and crazy by others, but today it all became worth it.
She has officially been kicked out of our back bedroom FOREVER.
We are not debt free by any stretch of the imagination. We still have Steve's student loans to pay on, but this is a success on the journey. I'm so excited to finally be done. During the past few Budget Committee Meetings between Steve and I, I could see the number falling and it started to make me angry that it wasn't gone yet. A healthy anger, of course.
“And my God will meet all your needs according to his glorious riches in Christ Jesus.” – Phil 4:19
Friday, July 10, 2009
I Want to Scream...
...I'M DEBT FREE. I'm listening to the Dave Ramsey Radio show right now. Fridays is Debt Free Friday. It is when people call in and tell their stories and SCREAM over the radio. I love listening to the stories because they are inspiring and they make me so excited and pumped. They also make me so mad at my debt. I'm so ready to be done with. We are working really hard and we are making good progress. It just feels like it's taking so long.
All we have left in Baby Step 2 is our Student Loans. Things were moving really well while we had our second job, but we don't those jobs anymore so things are going to be moving more slowly. I know we can get other jobs, but the job market is so tight right now. The YWCA did move me back up to 40 hours, from only 36, so that is going to help us. Steve and I now both have the opportunity to work overtime, but it is generally encouraged that we don't.
After the summer is over, we will probably start looking again for other part time jobs. So many people right now are laid off looking for their only full or part time job, so part of me feels bad if I go in and take a job from someone who needs it more than I do.
Anyone else going through this process have encouragement for us as we go on the journey?
All we have left in Baby Step 2 is our Student Loans. Things were moving really well while we had our second job, but we don't those jobs anymore so things are going to be moving more slowly. I know we can get other jobs, but the job market is so tight right now. The YWCA did move me back up to 40 hours, from only 36, so that is going to help us. Steve and I now both have the opportunity to work overtime, but it is generally encouraged that we don't.
After the summer is over, we will probably start looking again for other part time jobs. So many people right now are laid off looking for their only full or part time job, so part of me feels bad if I go in and take a job from someone who needs it more than I do.
Anyone else going through this process have encouragement for us as we go on the journey?
Therefore encourage one another and build eachother up, just as you are doing.
1 Thessalonions 5:11 NIV
Friday, February 13, 2009
2009 Dave Ramsey Pick Up Lines
Dave Ramsey pickup lines
Thursday, Feb 14 in Funny nice stories, Dave Ramsey pickup lines Comments (42)
Written by our own Chris Russell, courtesy of My Total Money Makeover.com.\
1) I still have money in my "restaurant" envelope ... can I buy you dinner?
2) Would you like to dance? I'd love to show you my Baby Steps.
3) Why am I nervous about talking to you? Because you're better than I deserve.
4) Allow me to introduce myself ... I am "borrower", and you must be "lender".
5) Good thing I got just term life insurance ... because I saw you and my heart stopped!
6) You can't spell Financial Peace University without U and I.
7) I've already kicked Sallie Mae out. Want to take her place?
8) I just bought a bass boat with cash ... and it's a good thing, because you're quite a catch!
9) I'm not mortgage interest baby ... don't write me off.
10) The good news? I'm debt free. The better news? I'm also date free.
11) What would you say if I asked you out? (response: no). That's not good enough
Courtesy of one of Dave's listeners: On a scale of 350-850, I'm a Zero!
Thursday, Feb 14 in Funny nice stories, Dave Ramsey pickup lines Comments (42)
Written by our own Chris Russell, courtesy of My Total Money Makeover.com.\
1) I still have money in my "restaurant" envelope ... can I buy you dinner?
2) Would you like to dance? I'd love to show you my Baby Steps.
3) Why am I nervous about talking to you? Because you're better than I deserve.
4) Allow me to introduce myself ... I am "borrower", and you must be "lender".
5) Good thing I got just term life insurance ... because I saw you and my heart stopped!
6) You can't spell Financial Peace University without U and I.
7) I've already kicked Sallie Mae out. Want to take her place?
8) I just bought a bass boat with cash ... and it's a good thing, because you're quite a catch!
9) I'm not mortgage interest baby ... don't write me off.
10) The good news? I'm debt free. The better news? I'm also date free.
11) What would you say if I asked you out? (response: no). That's not good enough
Courtesy of one of Dave's listeners: On a scale of 350-850, I'm a Zero!
Monday, March 24, 2008
Thursday, January 31, 2008
More Details on Financial Peace University
Financial Peace University Financial Peace University
Starts Tuesday, March 11, 6:30-8:30 p.m.
WHO:Anyone age 15 and up.
WHAT:How would your life change if you were debt free? What could you do? Who could you help? Get control of your money by putting together a spending plan that really works. Tell your money what to do - so it can't tell you what to. This 13-week class helps the average family reduce their debt by $5,300 and save $2,700 in 91 days.
WHEN:Starts Tuesday, March 11, 6:30-8:30 p.m.COST:$95 per person or household (Includes one kit for the 13-week class. Register by Monday, March 3 to guarantee to have your kit for the first class. If you register after that date, your kit will arrive in time for the second week of class.)
***There may be scholarships available for the class. You can check my calling the church.
WHERE:GCC Campus
Thursday, January 24, 2008
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