Well, here we are in week 3. The class is fully under way. The group discussion is picking up in the intensity department as we start to really get into the meat and potatoes of this whole Financial Peace thing.
Tonight's budgeting lesson will change your life forever if you put in to practice what you learned tonight. It's not easy. Especially when you have not been living by these principles. It's like going from an all pizza diet, to cottage cheese and fruit over night. There will be some pain and suffering so to speak. However, you will see dramatic results. It comes down to doing the things that we know we are supposed to be doing but don't like to do. We all know that if you want to lose weight, just burn more calories than you take in. If you want to win with money, just spend less than you make. It's so simple, yet so hard.
OK, enough blabbering. Here is the long awaited, rediculously high, class debt total.
$2,510,516.54 that breaks down to $100,420.66 per household.
Remember that next week's lesson will help us to start paying this thing off. My guess is that this class can pay off at least $80,000 of this number by the end of our 13 weeks together. Let's see how we do.
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1 comment:
Not too bad, it could have been worse - there were a few people absent last night!
I'm confident that after next week's lesson that the class will be fired up to get rid of this mountain of debt.
Once you get on a budget you will stop spending money like you were the government or something! Just doing a budget is a step in the right direction, it is a great tool to use to stop the bleeding.
If you have any budgeting questions feel free to post them in your comments and Alex or I will be happy to help.
David
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