2011 & Beyond

As I look back on the recent blog posts, it appears that fall was completely skipped in what had become seasonal updates. I had originally intended to post more often than that, but it just hasn't been a priority. A lot has been going on the last few months, but I won't bore you with all of the details. It mostly involved the usual things, family, friends and travel.

Moving on to recent events, I finally found out today that I passed my PE exam. Sometimes I wish that was for physical education, but it is actually for my Professional Engineering License. I had a wonderful wife who supported me during my endless hours of studying that spanned the months of April - October.

Stefanie and I also spent time this fall teaching Financial Peace University at our church. It was beneficial for us to go through the program again and we had a great class join us.


Like you, we don't know what 2011 will bring, but we are ready for the ride. One of the things I want to do is to read more this year. I haven't read much in my adult life, but I think it will be good for me. The nerd in me is even considering purchasing an ereader. I have already started reading one book that I got for Christmas.

Keep track of your money in 2010

Several popular New Year's Resolutions involve money.  Get out of debt, save more, and give more to charity may be among your desired changes for 2010.  If you don't know where your money went last year, maybe these tips will help.  Being the self-professed nerd that I am, I put together a spreadsheet to keep track of our spending.  We use it to come up with our monthly budget and keep track of how we are doing.  You can download it from the link below if you like.  http://dl.dropbox.com/u/2887593/2010%20budget.xls

Another great tool is mint.com.  Mint (which was recently purchased by the makers of Quicken)can import your bank information using the bank's online banking system and categorize it for you.  This is an easy way to see where your money goes with fancy charts and graphs for you non-spreadsheet people.  We use both to see where our money is going.

If you are completely lost and confused about money, we highly recommend taking a Financial Peace University class.  If you don't think you have the time, much of the same information is covered in Dave Ramsey's book, The Total Money Makeover.

In closing I'll leave you with the baby steps to Financial Peace.

1.  $1,000 Emergency Fund
2.  Get out of debt using the debt snowball
3.  Full Emergency fund (3 to 6 months of expenses)
4.  Invest 15% in retirement
5.  College funds for the kids
6.  Pay off the house early
7.  Build wealth and give

For more information see http://www.daveramsey.com/new/baby-steps/

You can do it.  Have a buddy keep you accountable and make those resolutions last all year.

Town Hall for Hope

In case you missed it, Dave Ramsey's Town Hall for Hope has been posted online.  It is an hour and a half of history, statistics, optimism and of course, caller questions.  I encourage you to make time to watch this and check out the website.

Dave Ramsey - Town Hall for Hope 2009 from Central FPU on Vimeo.

Dave Ramsey's Town Hall for Hope - April 23rd, 2009

Town Hall for Hope

Town Hall For Hope

Dave Ramsey

Financial Peace University

On August 20, Stefanie and I are going to start Financial Peace University at a local church. It is a 13 week course focusing on getting out of debt and taking control of your money. We are both looking forward to going through the course and I think it will be beneficial to us as a couple. I don't think either one of us is financially illiterate, but I really believe that we will both come away from this much better off. We've all heard the stats that xx% of fights/arguments/disagreements are about money and hopefully we will avoid some of these as a result of this class.