Did you know?
25% of Americans are not making enough income to pay their bills and another 47% are making just enough to pay their bills. This means that 72% of households (or 7 out of every 10) live from paycheck to paycheck, and are therefore not able to save any money for future needs - CBS News Poll
Automatic overdraft loans netted banks more than $29.5 billion last year. - Time Magazine
One of the best indicators of divorce is the frequency of financial disagreements. The more arguments you have about money, the higher your probability of divorce - University of Utah study
Biblical Finance Ministry
Just over a year ago, God burdened our hearts to provide instruction to help people be better stewards of the resources with which God has blessed them. He showed us that there are a lot of people, both in the church and outside the church, that struggle with finances. In addition, the bible has a lot to say about finances and the peace that can come from managing money God's way.
We came across the Financial Peace University course and began offering it in September 2013. Nearly 50 families have now gone through the classes we have offered and the testimonials are powerful! Here are a few...
"Thank you so much for all of your insights and keeping my spirits up with my financial plan! I have paid off one credit card, a small one. But it hit me that by adding that payment to my next debt credit card...WOW! this is gonna work!!..." (Referring to the "Debt Snowball")
"This class has provided the framework for me to set some money aside and to handle tough situations."
"There is a way to be debt free!"
"During the 9 weeks, I realized I am not alone and that there is hope."
"The best part of the class was being able to learn about money without being judged or chastised."
"I wish I could have had this teaching at least 40 years ago!"
"The best part of the class was working together as a couple and having complete awareness of our financial situation."
"This class has been a life changer! Thank you for being used of God and blessing us by your faithfulness in teaching it!"
"My wife and I are doing ok managing money so we thought we didn't need you or this class...but we were WRONG!"
What results have been achieved?
The overall financial impact of the course is measured over the 9 weeks of class. The following results are from the 9 weeks of the first 3 classes as reported by the class members (45 families):
Financial turnaround during the class...
91 Credit cards were cut up
$79,095 in non-mortgage debt was paid off
$39,634 in money was saved
This equates to a financial turnaround of $118,729 during the 9 weeks of class or an average of $2,638 per family! The financial turnaround for your family may be more or less than the average, but compared to the cost of course materials (less than $100) this is a bargain!
If you feel this would be helpful training for your family, please contact us!
Our next classes ...
Start Sunday, February 12 @ 6pm!
Register at . Click on "Find classes", enter your zipcode andlook for the class at New Creation Fellowship.
If you have financial questions or need some help getting your finances in order, please contact us!
About the facilitator
The FPU classes are facilitated by Kevin Burgess, an Elder at New Creation Fellowship. Kevin has held various progressive financial positions throughout his 27 year career and is curently the chief audit executive at a local Fortune 200 company. He earned a bachelor of arts degree in
economics and business with an emphasis in accounting, from Hendrix College, in Conway, Arkansas in 1987, passed the certified public accountant exam in 1990 and completed his master of business administration degree from The Ohio State University in 2010.
Kevin currently serves on the boards for the Northeast Ohio chapter of the Institute of Internal Auditors and New Creation Fellowship.
The other forms used in the course are listed below...
The most important form to understand is the "Monthly Cash Flow Plan". That being said, all of the forms above are designed to work together giving you a complete financial picture. However, understanding each budget form and its relationship to other budget forms can be confusing.
If you want to make sure you are grasping how the forms interrelate, just check out these case studies. They should help to clear things up a bit...