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How do you get out of debt

End money headaches
End money headaches
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You’ve heard it all before. To be financially sound you need to get out of debt. In today’s economy many are being told this as a way to overcome their financial woes. However many are uncertain just how to do that. As famed financial counselor Dave Ramsey says “80% of getting out of debt is behavioral and only 20% is about knowledge.” But, if you have neither the knowledge or know what behavior what do you do?
According to the article Ten Days of Resolutions – Day 7 – Get Out of Debt stated there are several examiners who have posted articles on just this topic. The article also gave some other sources such as Consumer Credit Counseling Service (CCCS). CCCS is a free service that can help you determine just what you need to do. The aforementioned article also stated that you need to:

• Become an informed debtor.

• Create a debt repayment plan.

• Use a debt calculator to figure out just what your debt is costing you.

That’s all well and good you may be saying but just where do I start becoming an informed debtor and how do you create a debt repayment plan when you are like many of today’s American families and living payday to payday. One of the best resources four learning how to not only get out of debt ut become a good financial manager, become a wiser consumer, and save for retirement and/or college is Dave Ramsey’s Financial Peace University (FPU). Here is a quote from Ramsey’s website http://www.daveramsey.com/fpu. “Financial Peace University teaches you to achieve your financial goals by eliminating debt, save for the future, and giving like never before. More than 1 million families have attended FPU with amazing results. You will be challenged and motivated to make a plan for your money and change your family tree forever!”

FPU is 13 weeks of classes where c lass participants gather each week to view and discuss a video lesson. Lessons are easy to understand and class leaders are there to help you with any problems you might have. Several churches in the area have started/or are about to start new classes in FPU.

First United Methodist Church, Huntsville, AL

First Baptist Church, Huntsville, AL

Valley Fellowship Church, Huntsville, AL

Asbury United Methodist Church, Madison, AL

Crosspointe Church, Madison, AL

Madison Christian Church, Madison, AL

So if you are serious about wanting to get out of debt or just want to become a better money manager call one of the churches and sign-up for their next class.

 

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