Life if full of transitions. All of us have had to make the transition from dependence on our parents to provide daily needs for us to growing up and needing to take care of things ourselves.
I feel that my parents did a pretty good job raising me to understand hard work and money and how they go together. They also taught me to make good choices with money but when I got married I did not know how to work with someone else and managing money together.
Within 5 years we were so far in debt I did not see how in the world we would ever get out. Living pay check to pay check was our lifestyle until health concerns took one of those pay checks away. Now what?
Eventually, we took advantage of a program which helped us set up a plan with our creditors and make payments. This plan worked for us but it took 5 years to pay off all the debt at $800 er month. Paying this long meant we paid a lot of interest and struggled for a long time.
Since that time I have had the honor of facilitating Dave Ramsey’s Financial Peace University 23 times. I have lived debt free and in peace with money for 15 years now. I love the opportunity to help other people find peace in their life while dealing with money.
Here are 4 Things I have learned from FPU to do in order to find peace with money
1. Decide ahead of time
The key to having peace with money is deciding before the money ever makes it into your hands. If you do not give every dollar a name it will disappear. Spending just a little time head of payday determining what you need to do with each and every dollar will make a big difference in how far it goes.
2. Use cash
Convenience has dominated our culture today. I found myself without cash in my wallet for weeks at a time. I just used my debit card. I was not creating debt but I was also not in control of my spending.
3. Embrace the truth that it is not yours
God owns it all. One short sentence packed with so much truth and challenge to our normal thought process. Everything that we work hard for is still a all His. We were chosen to manage that which He has given us. Learning to live this way changes the way we use money.
4. Never stop giving
Even when money is tight it is important to not stop giving to others. Staying others focused helps us to make better decisions with our money. Holding tightly to the money will cause you have a clenched fist which will prevent more money from being able to get into your hand. Learning to hold it loosely because you understand it is not yours anyway changes how it comes and goes in your life.