Financial Peace

By Betty Boyd


Most people at one time or another have had financial struggles. While my husband was alive, we always worked from a budget. As he got sicker and sicker, it became more difficult to stay on top of all the bills. Once he passed, all the medical bills started to pile up. Luckily, I had insurance money to pay them off.

Today, I still use a budget. Being retired and running a business has made me more aware of keeping track of my dollars. One of the best people I’ve ever heard in addressing challenges relevant to budgeting is Dave Ramsey. He is an author, speaker and has a daily radio program that tackles financial issues.

People call into his show, with so many different scenarios. Some of his best advice:

  • Snowball your credit card debit, from the biggest to the smallest.
  • Don’t take out a loan on a car, but rather pay cash for it.
  • Have an emergency fund of at least six months.
  • Put back as much savings as you can afford.
  • Once you pay off your debt, don’t get back into it.

Dave Ramsey has a program called Financial Peace University, which can be taken individually, or where a lot of churches will sponsor it for the congregates to take advantage of. This is a system of how get out debt, and save for your future. Here is the link for more information about Financial Peace University and Dave Ramsey. Financial Peace University and Dave Ramsey


Money will always be needed. I have taken advantage of some of Dave Ramsey’s advice, and I’m constantly working on my own financial peace. One more idea is to have a will, a power of attorney, and a safe place to keep your important documents for your family to find.

Writing Prompt: What are some of your tips for your financial peace story?



3 thoughts on “Financial Peace

  1. The only thing about being debt free, is later down the road and you decide to buy a different house or car. You can’t because you don’t have credit. So now you have to start all over to build your credit up! I have four cars payed for, land and a double wide. Payed for! When my husband died I wanted to build a house and I couldn’t because I didn’t have credit. It takes around a year to build your credit.

  2. With this particular debt free lifestyle, the goal is to have a credit score of zero and the only thing that wouldn’t be bought in full (though it can) is a house. There are ways to buy a house and not have a credit score. Nothing else would be bought with payments.

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