Yep, we started Financial Peace University last night at church. Have you already given up on your New Year's resolution? This is the only one I made - Get control over our money! I told Jim that '07 was our year! He has spent the last 11 years trying to do it alone and, surprise, it hasn't happened. So, I'm actually committing to doing my part to "make my money work for me."
A little history: I had been single and taking care of myself for about 10 years before we got married. I hadn't done a good job but I was the one doing it. I hated it! Money always stressed me out - I knew all I needed was more. When we married, I told Jim that he would have to be the one to do all the money stuff and I didn't want anything to do with it. It worked okay for us when I was earning 29K a year and we had no children. When I quit working and had Kenny, it started to be somewhat inefficient. Is anyone surprised by that?!
I clung to the belief that I could continue to be a non-participant in our finances. It hasn't been working well.
If only to make me talk out loud about money, I have pushed us into Financial Peace University. Jim was willing to go and he's looking forward to the videos about future planning. I, on the other hand, am taking "baby steps." So far, Dave Ramsey keeps quoting Sarah. I'm pretty sure I've heard these mantras before from her.
My favorites so far:
"Baby steps" - This is really big for me - it seems so overwhelming. Last night we talked about wills, for goodness sakes! Baby steps, baby steps....
"Make your money work for you" - That's right, dadgum it! I can tell my money what to do!!!
"A budget isn't a straight jacket" - You mean I have some flexibility! There can be movement in a budget?! Yes.
"Cash flow plan" - Not the evil - budget. It's about where my cash goes - cash flow plan. See, isn't that better?