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How to Get the Most Out of Financial Peace University

Member
By Patricia Gilliam
User-Submitted Article
(1 Ratings)

Financial Peace University (FPU) is a 13-week course developed by financial counselor Dave Ramsey. I can say personally that the program definitely helped my husband and I get focused and that it was a great experience that we'd suggest to other people. In this article, I'll give you tips and suggestions that I think will help you get the most out of the experience:

Difficulty: Moderate
Instructions

Things You'll Need:

  • An enrollment into Financial Peace University (married couples only need one membership)
  1. Step 1

    First, it's helpful to know how the class is structured. In the traditional classes (there is an online option as well), the first part involves watching DVDs of Dave explaining the material. The second half is a small group discussion on the topic.

  2. Step 2

    Before each class, read over the sections of the book Financial Peace that are related to each chapter in the workbook. This way you already know something about the topic, and the DVD is making what you've learned more solid.

  3. Step 3

    Be sure to bring your workbook and something to write with for the DVD section--writing things down helps you remember things better, and you'll have all the material for reference later. According to what stage you are in what Dave calls "The Baby Steps," some material will become more relevant to you down the road.

  4. Step 4

    You can get a lot out of the small group section, including a lot of new friendships, if you're willing to participate and just talk honestly about the topics. A lot of times we had so much fun with these discussions that the time came to go home we still wanted to talk. Money and personal finance are usually topics that aren't communicated about a lot--even within families (which is part of the problem)--and I think that's one of the things that made this course different in that it gets to the core issues in a fun and practical way.

  5. Step 5

    It may be different with the online course, but the traditional course allows you to go back through again as many times as you'd like. There are things you'll notice on the 2nd and 3rd times as you're learning that you didn't notice before--for example after you become debt-free, your focus is going to shift more toward paying off your house early and retirement planning. You also have the opportunity to help others and give them hope by telling about your progress.

  6. Step 6

    Have fun with the process--Dave's personality is really fun, and you can tell in his attitude that he really cares and believes about what he teachers.

Tips & Warnings
  • If you're at a stage where you're just looking into this topic and considering the course, there are a lot of free resources and information on Dave Ramsey's site as well that can help you. The information is very practical and common sense, and what Dave has done really well is package it in a fun way that actually works.
  • More than anything else, it's been my experience that thought process (even to an extent your formal education) impacts your finances more than anything. A lot of practical life skills aren't taught in high schools and colleges to the extent they should be, and this course helped me fill in a lot of educational gaps.

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