What I Learned From Financial Peace University

Sharing the lessons I learned from nine weeks of Financial Peace University!

Long-Sleeve Ruffle Top: J. Crew || White Jeans: Loft || Wedges: Nordstrom

Welcome to a new week y’all! Most people dread Monday’s because they mean the start to another workweek, so I know I’m 100% in the minority when I say that I kind of love them! To me, they are a fresh start and a chance to start anew. Plus it’s a nice perspective shift to start your week off on a happier foot! 🙂

Anyway… moving on to today’s post- and it’s one I am SO excited about! As I’ve openly shared on the blog/social media I recently attended Financial Peace University through my church and spent the past 9 weeks learning tips lessons on smart money management. These lessons covered everything from getting out of debt, to savings, to investment, and giving generously. As someone who struggles with money management (like Carrie Bradshaw I like to see it hanging in my closet!) I learned a ton and walked away with a lot of advise to ponder and put into action. Since I’ve gotten so many questions about the course I thought I would take today to share the top lessons I learned from Financial Peace University!

ONE: YOU HAVE TO DECIDE “I’M NOT LIVING LIKE THIS ANYMORE”

Maybe it’s debt, maybe it’s living paycheck to paycheck, maybe it’s having so much money you don’t know what to do with it, maybe it’s lack of knowledge around investments… whatever your financial situation there comes a time when you have to decide “I’m not living like this anymore.” When that moment comes then you are open and available to learning about your options and doing something to get out of your current “status.” I definitely had my “not living like this anymore” moment when I turned 30, but I was SO scared to be confronted with the truth of what I was doing wrong by taking this course! The amazing thing was, Dave Ramsey has been in all kinds of financial times in his life- really good, to really bad, and then back to really good- so there is no judgement or chastising in his teachings. It is all God-centered and simply principals and strategies to help you manage your money better so that you can live a better life and help others around you do the same!

TWO: THE “SNOWBALL METHOD” IS ABSOLUTELY THE BEST WAY TO GET OUT OF DEBT

Y’all Dave Ramsey is basically a financial genius and his method of getting out of debt is so simple it’s almost funny, but it is absolutely the best way to pay down your debts! (Sidenote: I learned that “Debt” is really so much more than just credit cards- it’s your mortgage, car loans, student loans, etc). The gist is that you pay the minimums of each of your debts except the one with the smallest balance and you target paying off that one first. Once that’s paid off, you take what you were paying on that card and put that towards paying off the next balance. And once that’s paid off you take the first payment + the second payment and put it towards the third debt. And so on and so forth until your debt is paid off! It’s amazing to see how much can be paid off when you stick to this plan! I follow Dave on IG and every day he posts people who have paid of THOUSANDS in just a few months by sticking to his plan! Truly amazing!

THREE: CUT UP THOSE CREDIT CARDS GIRLS! (AND GUYS TOO!)

I’ve always kind of laughed at the idea of cutting up credit cards- I’ve totally thought I had self control. But then I inevitably find myself swiping (or ordering without thought online!) and I realized that no, I actually have zero impulse control! I cut up some of my credit cards during the course and it was a game-changer! Not being able to just whip it out and turn to it online made me realize what I really “needed” vs. “wanted” and instantly I was making smarter decisions! Trust me on this one y’all- cut those babies up! (or at least hide them from yourself!)

Long-Sleeve Ruffle Top: J. Crew || White Jeans: Loft || Wedges: Nordstrom

If there are any questions I can answer about the course please let me know! I 100% recommend it no matter where you are in your financial journey and feel like everyone can walk away with so much knowledge gained! And if you’ve taken it please share your top takeaways as well!

Have a great start to your week!

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13 Comments

    • girlmeetsbow
      Author
      April 16, 2019 / 6:09 am

      I think you’d really enjoy the course! I wish I had taken it sooner!

  1. April 15, 2019 / 12:48 pm

    I haven’t taken Financial Peace before, but I am familiar with Dave Ramsey’s Seven Principles. I’m fortunate not to have debt, but currently I’m striving to do better about saving money. Which is hard when you love to shop! Thanks so much for sharing about your experience. And of course all the pics in this post are adorable as always!
    -Liz

    • girlmeetsbow
      Author
      April 17, 2019 / 10:00 am

      So glad you found it helpful Liz! I feel you on saving when you love to shop… my daily struggle!

  2. April 15, 2019 / 6:18 pm

    Loving these tips, I’ve been trying to work hard on fixing my bad habits (aka spending money I don’t need to spend). These are all fantastic tips and will definitely help me get where I need to be. Thanks so much, Gentry!

    Felicity | http://oliverandmoose.blogspot.com

    • girlmeetsbow
      Author
      April 17, 2019 / 10:00 am

      Oh I am SO glad they are helpful! Thanks for stopping by!!

  3. April 15, 2019 / 8:27 pm

    Love the idea of snowballing! We tried that, and even though we’re no where near being debt free it really helped big time in eliminating several revolving accounts. Get it girl! <3
    Green Fashionista

    • girlmeetsbow
      Author
      April 16, 2019 / 6:11 am

      Yes I’m so excited to work through the lessons I learned!

  4. April 16, 2019 / 3:13 pm

    Thank you for sharing your experience ! Love love this ! Also, that J.Crew top is so pretty ! Happy Tuesday beautiful

    • girlmeetsbow
      Author
      April 17, 2019 / 9:39 am

      It was such a great experience that I couldn’t wait to share!

  5. April 17, 2019 / 8:54 am

    I love your outfit, so spring-like! Such a pretty top! I love Dave Ramsey’s advice and it’s wonderful there’s a course you can do! I’m glad it was so helpful for you 🙂

    Hope that your week is going well 🙂

    Away From The Blue

    • girlmeetsbow
      Author
      April 17, 2019 / 9:36 am

      Thank you! I hope you are having a great week as well!

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