VV V
This Week’s Homework
Personal inance is 20% head knowledge and 80% behavior. Take charge of
your inancial behaviors by completing the following tasks this week. Be sure
to work with your spouse or accountability partner where noted!
Calculate your mortgage payo .
Homeowners: Use the online Mortgage Calculator at FPU
Central to determine how much you will pay in interest over
the course of your loan. Also, use the calculator to see the
impact of extra payments every month.
Non-Homeowners: Use the online Mortgage Calculator at FPU
Central to determine how much house you can a ord and to
see the impact of di erent down payments and extra monthly
payments. Just remember not to buy until you’re ready, and
always follow the Baby Steps!
Discuss your housing calculations.
Singles: Share your housing calculations with your
accountability partner and get their feedback.
Married Couples: Review your housing calculations together
and review the impact it has on your monthly budget.
Celebrate your inancial turnaround.
Fill out the Financial Reality Check on the next page or use the
online version in FPU Central. Be sure to bring the results to
class next week.
Reading Assignment: Read the “Real Estate and Mortgages” chapter
in Dave Ramsey’s Complete Guide to Money.
Extra Credit: Read the “Working in Your Strengths” chapter in
Dave Ramsey’s Complete Guide to Money.
Prepare for next week.
Get ready by reading ahead to next week’s lesson!
And don’t forget to bring your scissors next week!
128 Real Estate and Mortgages Coordinator 201
Real Estate and Mortgages 128
Financial Reality Check
It’s time to take another look at your progress! Reference your debt snowball
and answer the following questions about how your inancial situation has
changed since the class started.
How much non-mortgage debt have you paid o ? TOTAL
This is the total amount you’ve knocked out during FPU. Be sure to
include all of your non-mortgage debts and any progress you’ve made
on your debt snowball.
How much money have you saved? TOTAL
If you’re working on Baby Steps 1 3, this represents your emergency
fund savings. If you’re on Baby Steps 4 7, this includes both emergency
funds and any investments you’ve made during the class.
How many credit cards have you closed and cut up? TOTAL
Remember, even if you pay o a card, the account is still open. To truly
be rid of it forever, you must formally request that the credit company
or bank o icially close the account.
How has your charitable giving changed?
This includes your tithe and any other charitable donation you’ve made
during the class.
Little to no change Giving substantially more Giving for the first time
On a scale of 1 10, rate the following emotions in
regard to your personal inances:
Fear
Anxiety
Confidence
Hope
Peace
1 2 3 4 5 6 7 8 9 10
Practically Extremely
None High
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Real Estate and Mortgages 129
FINAL WORD
Is a Mortgage Re nance
Right for You?
When the real estate market is down, you’ll hear a lot of hype about re inancing
mortgages. They say things like, “Rates have never been lower!” or “Lock in now to
save!” It’s easy to get sucked in and think re inancing is the way to go.
But that’s not always the case. The Break-Even Analysis being in your current home. How
Re inancing is a great option many more kids do you plan on
when you have the opportunity A re inance makes sense when having, and do you have enough
to get a lower rate on a more you can lower your interest rate bedrooms for them? Do you
appealing mortgage. There’s a enough to pay for the closing want a guest room, or are you
little more to it than just that, costs before you plan to sell comfortable converting it into
though. And if you do re inance, your home. a room for one of the kids? Ask
you need to know how to go yourself these types of questions
about doing it the right way. Here’s a simple example. If you when making that decision.
have a $100,000 mortgage and
Like anything else, you need to you can lower your interest rate Points, ARMs and
determine if a re inance is right by 1% in a re inance, you’ll save Seconds
for you based on the speci ics of $1,000 a year. If your closing
your mortgage. Here are some costs are $3,000, it will take When you’re gathering quotes for
guidelines to get you started: three years to break even on a re inance, ask for a par quote
your re inance. or zero quote. That means the
closing cost estimates will not
Be realistic when you estimate include points or origination fees.
how much longer you plan on Don’t pay these fees, which are
204 Coordinator
130 Real Estate and Mortgages
simply pre-paid interest. The KEY TERMS
savings, if any, don’t justify the
up-front expense. Adjustable-Rate Mortgage
(ARM): Mortgage in which the
If you have an Adjustable-Rate interest rate changes periodically;
Mortgage (ARM), Dave will almost a way for banks to transfer the
always recommend you refinance risk of higher interest rates to
into a fixed-rate mortgage. Even if the consumer
you have to write a check to pay for
the closing costs, it’s worth it to avoid Curb Appeal: A home’s degree of
the risk that your payments could go attractiveness from the perspective
up when the rate adjusts. of a passerby
A lot of homeowners with a second Comparative Market Analysis
mortgage want to roll it into their first (CMA): A property’s estimated
value based on the actual sales price
“Refinancing can be a great idea. But of similar properties
everyone’s situation is different. You
just need to make sure it works for you.” Equity: The value of a piece of
property over and above any
mortgage with a refinance. Not so That said, you’ll get a better rate on mortgage or liabilities related to it;
fast! If the balance on your second a 15-year mortgage. So if you plan basically, what you own minus what
mortgage is less than half of your on being in your house for a while, you owe
annual income, pay it off in Baby Step it might make sense to look into a
2. If not, go ahead and refinance it refinance. Just make sure you fully Fannie Mae (FNMA): The Federal
with the first mortgage and pay it off understand the terms of the new National Mortgage Association, a
in Baby Step 6. mortgage before you sign on the privately owned corporation that
dotted line. trades in mortgages
Going From 30 to 15
Refinancing can be a great idea. But Fixed Rate: An interest rate that
When you buy a home, if you’re not everyone’s situation is different. You does not change over time
paying cash, you should get no more just need to make sure it works for
than a 15-year mortgage. However, if you. Don’t make a “smart” decision In lation Hedge: An asset that
you already have a 30-year mortgage now that will cost you down the increases in value, which helps
and a good rate, you don’t have to go road. Use some of these tips to make o set the rising in lation rate
sure you understand the refinancing
to the expense process and make the most out of Multiple Listing Service (MLS):
of refinancing your savings. Computer program used by real
just to get estate agents to search frequently
the shorter updated listings of available
term. Just properties
calculate what
your monthly Mortgage: Loan secured by the
payment collateral of real estate property
would be on a 15-year term and be
disciplined about paying that amount. Private Mortgage Insurance
(PMI): Insurance that protects the
lender from default on a mortgage;
usually required when the loan has
less than 20% loan-to-value
Principal: Original amount of
money invested, excluding any
interest or dividends; also called the
face value of a loan
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Financial Peace University Coordinator Guide
THE GREAT
MISUNDERSTANDING
VIDEO TIME: 52 MINUTES
Expect This
This week’s lesson will challenge everyone in the area of giving, as Dave shows why
it is crucial for everyone to develop the habit of lifelong giving.
We will repeat the Class Statistics Exercise from Week 2. You’ll need to compare
the final numbers to everyone’s starting numbers and highlight the change in debt
levels and savings for the class as a whole.
The mood for this class should be fun and festive! Make this final session a
celebration with food and decorations!
Do This
Review the Before-Class Checklist on page 16 of this guide.
Prepare any food and decorations you’ve volunteered to bring for the
class celebration.
Each of your members who has completed eight of the nine lessons will receive a
graduation certificate. If you do not have the certificates, contact your Advisor in
our office or personalize and print your own in FPU Central.
Financial Peace University Coordinator Guide
WELCOME & REVIEW
Do This (8 minutes)
Welcome everyone back and celebrate!
Have them fix a plate of food to take to their seats.
Budget check!
Quickly walk through and check everyone’s budget by “finding the zero,” as we’ve done the
Ipast few weeks.
Reiterate how important it is for each member to do a new
zero-based budget every month for the rest of their lives! You
simply cannot win with money without a budget!
Review last week’s material.
Read this question aloud to the class:
Part of the homework last week was for homeowners to
calculate how much they’ll end up paying in interest for their
homes and for non-homeowners to calculate how much home
they can actually afford according to FPU principles. What were
some of your findings?
Get everyone thinking about giving.
Read this question aloud to the class:
This week, Dave will close Financial Peace University with a
powerful lesson on giving. Why do you think giving is such an
important part of having true, lasting financial peace?
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Financial Peace University Coordinator Guide
CLASS EXERCISE
This is a repeat of the activity you did in Week 2. You will compare these
figures to those you collected in Week 2 to see the total class turnaround.
Class Statistics Exercise (2 minutes)
Have everyone turn to page 128 in their Member Workbook.
Instruct them to tear out the perforated card.
Make sure no one puts their name on the card.
This is an anonymous activity. The goal is to get the overall class statistics, not to focus
on any one individual. Be careful to avoid any sense of shame or guilt associated with the
information on the card.
Get them started by saying:
We did this activity for the first time in Week 2. We said then
that we were taking our “before picture.” Now it’s time for the
“after picture!” Fill out the cards with the information from your
Financial Reality Check from last week’s homework. Then, after
the video, we’ll all see how much debt we’ve paid off and how
much money we’ve saved as a class! And remember, do not put
your name on the card!
Give everyone two minutes to fill in the information before collecting the cards.
Don’t look at anyone’s information as they hand you their card. Keep it anonymous!
Instruct everyone to turn to page 134 of their Member Workbook.
Circulate the FPU Attendance Sheet for members and guests to sign during the video.
Start the Video
As the video plays, use the log on the next page to record the information you
just collected.
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Financial Peace University Coordinator Guide
CLASS LOG
During the video, you will tally up all the figures from the members’
cards. Log the information below. We’ve given you plenty of room to
repeat this activity with multiple classes.
1ST COORDINATOR: NUMBER OF FAMILIES IN THE CLASS:
CLASS
Total debt paid off: Total credit cards cut up:
Total money saved:
2ND COORDINATOR: NUMBER OF FAMILIES IN THE CLASS:
CLASS
Total debt paid off: Total credit cards cut up:
Total money saved:
NUMBER OF FAMILIES IN THE CLASS:
3RD COORDINATOR:
CLASS Total credit cards cut up:
Total debt paid off:
Total money saved: NUMBER OF FAMILIES IN THE CLASS:
4TH COORDINATOR: Total credit cards cut up:
CLASS
Total debt paid off:
Total money saved:
5TH COORDINATOR: NUMBER OF FAMILIES IN THE CLASS:
CLASS
Total debt paid off: Total credit cards cut up:
Total money saved:
6TH COORDINATOR: NUMBER OF FAMILIES IN THE CLASS:
CLASS
Total debt paid off: Total credit cards cut up:
Total money saved:
Make copies if needed. Post these totals in FPU Central.
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Tell Your Story
Week 9
What story do you want your
money to tell about your life?
DAtE
THE GREAT
MISUNDERSTANDING
UNLEASHING THE POWER OF GENEROUS GIVING
Why is it so important to take control over our money? Dave says
there are only three things we can do with money: SPEND it
(we’ve got that one down!), INVEST it (we’re learning!), and GIVE
it. What? How can we build wealth if we’re constantly giving our
money away? Dave calls that “The Great Misunderstanding,” and
it can change your life.
In The Great Misunderstanding, Dave discusses the commonly
held misperceptions many people have about giving and reveals
the true key to winning—with both your life and your money.
No discipline seems 7BABY STEP Build wealth and
pleasant at the time,
but painful. Later GIVE .
on, however, it
produces a harvest You can do everything we teach and you will prosper,
of righteousness and
peace for those who but if you don’t understand this lesson, you will never
have been trained by it.
have FINANCIAL PEACE .
—HEBREWS 12:11 (NIV)
The Great Misunderstanding, the paradox, is the
There are men who
gain from their wealth mistaken belief that the way to have MORE is to
only the fear of losing it. hold on TIGHTLY .
—ANTOINE RIVAROLI You will never have financial peace until you learn to
manage money with an open hand.
You can’t shake hands
with a clenched fist.
—GOLDA MEIR
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134 The Great Misunderstanding
Owners and Managers God owns the
WHoLE tHING—
You and I are asset MANAGERS for the not just a tithe.
LORD , so if we view it properly, we aren’t giving
A good man leaves
our own money away. an inheritance
to his children’s
The earth is the LORD’s, and the fulness thereof. children.
—PSALM 24:1 (KJV) —PROVERBS 13:22
A STEWARD is a manager, not an OWNER .
What Happens When We Give? groTafhcteee.nBmTitbihghliheantnktabiotelukrtasaaabltbkitgosiutdatuebdamoeluottnaeoblyooGvuomtedo?amrenodney
Why does the Bible tell us to GIVE so often?
Giving makes us more Christ-like; a spiritually mature
Christian gives.
For God so loved the world that He gave His only
begotten Son, that whoever believes in Him should not
perish but have everlasting life.
—JOHN 3:16
Giving moves you to become less SELFISH , I don’t know what your
destiny will be, but one
and less-selfish people have more of a tendency to thing I know. The ones
among you who will be
PROSPER in relationships and wealth. really happy are those
who have sought and
Because we are designed in God’s image, we are found how to serve.
happiest and most fulfilled when SERVING —ALBERT SCHWEITZER
and GIVING .
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The Great Misunderstanding 135
God loves a cheerful Why Give?
giver.
Giving is a REMINDER of OWNERSHIP .
—2 CORINTHIANS 9:7
Giving is PRAISE and WORSHIP .
dItTub’rheisenagnoopf“ttafhhreaietnrltfwionetofgrrimmswsheihosi”ropssuibhlsodirenpner;.’avtikitc’es.
Giving is SPIRITUAL WARFARE .
“And I will rebuke the devourer for your sakes,
so that he will not destroy the fruit of your ground,
nor shall the vine fail to bear fruit for you in the
field,” says the LORD of hosts.
—MALACHI 3:11
Now that my finances Tithes and O erings
are in order, I like to buy
lunch for coworkers The tithe is a tenth of your INCREASE .
who are struggling with
having enough money The Bible says to give your “firstfruits,” meaning off
for food.
the TOP .
—Kris
The tithe is to go to your LOCAL
CHURCH , which provides the same function as
the Old Testament STOREHOUSE .
• Your pastor should be paid well!
• Your church should be taking care of widows,
orphans and single parents. And in this day
and age, that includes the families of deployed
military personnel!
216 Coordinator
136 The Great Misunderstanding
OFFERINGS are different than the tithe. ANSWER KEY
They are above the tithe and are freely given from GIVE OWNERSHIP
SURPLUS . FINANCIAL PEACE PRAISE
MORE WORSHIP
TIGHTLY SPIRITUAL
Never give with the MOTIVE of having your MANAGERS WARFARE
giving RETURNED .
LORD INCREASE
STEWARD TOP
OWNER LOCAL CHURCH
GIVE STOREHOUSE
Financial Peace is more than just God’s system for SELFISH OFFERINGS
understanding money, becoming debt-free, and
building wealth. PROSPER SURPLUS
SERVING MOTIVE
GIVING RETURNED
REMINDER UNDERSTOOD
Financial Peace is when The Great Misunderstanding
is UNDERSTOOD .
Pssst...
The video is ending soon. Turn the page
to find out what happens next.
One-Minute Takeaway
What jumped out at you in this lesson? How can this affect your story?
Financial Peace University Coordinator Guide
DISCUSSION & ACTIVITY
Reveal Class Statistics (2 minutes)
Share the results of the Class Statistics Exercise with the class. Tell them:
• How many families/households are represented
• How much non-mortgage debt the class has as a whole
• How much the class as a whole has in savings
Most classes report surprisingly high turnarounds, especially considering we’re only
tracking nine weeks’ worth of savings and debt payments.
No matter how big or small your class’s numbers seem to be, celebrate their turnaround with
a lot of enthusiasm by saying:
Can you believe we accomplished this much in just nine weeks?
Just think of what we can do in nine months or nine years! And
we’re just one group. What would happen if the whole church,
community, or nation applied God’s ways of handling money?
Think of what we could do! Think of what we could give!
Break Into Small Groups
If your class is larger than 20 people, split the class into multiple discussion groups with
a co-coordinator for each group.
Arrange the chairs in a circle for the small group discussion.
Small Group Discussion (8 minutes)
Take out the Question Cards numbered 1–4.
Distribute all four to individuals in the group.
Direct everyone’s attention to page 138 of their Member Workbook and say:
I’ve passed out a few cards with numbers on them to help with
our small group discussion. Whoever has Card 1 will read the
first question, and we’ll all talk about it together. Then whoever
has Card 2 will read the second question. We’ll keep going until
we’ve covered all the questions. We’ve got about eight minutes,
so let’s get started.
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Small Group Discussion
true life-change happens when you open up and work through this
material together. Break up into discussion groups of no more than 20
people to talk through the following questions. Be honest in your answers!
1 Dave stresses the importance of giving no matter what Baby
Step you’re on. Why does Dave encourage someone to give o
the top of their budget, even if they have debt?
2 Psalm 24:1 (KJV) says, “The earth is the LORD’S, and the fulness
thereof.” What would happen in the world if everyone started
looking at their money and possessions as belonging to God,
not themselves? How could that impact the church?
3 Dave says that giving is some of the most fun you can ever
have with money. Has anyone ever surprised you with a
meaningful act of giving? Have you ever experienced the joy
of giving in a big way?
4 Look back over the past nine weeks and think about what
you’ve learned and how your life has changed as a result of
participating in FPU. Tell the group how your life is di erent
now compared to where you started. What are some ways you
could “pay it forward” to someone else?
138 The Great Misunderstanding Coordinator 219
The Great Misunderstanding 138
Financial Peace University Coordinator Guide
THE CLASS FINALE
Make this final time of celebrating everyone’s victories and graduation a
special time. Be sure to applaud and show excitement for every success!
Share Victories (10 minutes)
Celebrate together!
Spend this time having your members share any victories they’ve experienced throughout
FPU. Examples could be completing a Baby Step, paying off a debt, or even improving
communication in their marriage. Start by saying:
This is the perfect time to really celebrate some victories we’ve
had during the class. Tell us what your biggest takeaway has
been, what’s made the biggest difference, or if you’ve already
had some big wins as you’ve gotten started.
Congratulate the class for their success.
Read the following aloud:
And this is just the beginning. We’ve done all this in nine weeks,
just because we decided to follow God’s ways of handling money.
I will be so excited to hear from you over the next few weeks
and months as you kick it up a notch and really make this a
lifelong change. Well done!
Graduation (4 minutes)
Recognize every member who completed at least eight of the nine lessons with an FPU
graduation certificate.
Tell any members who fell short of eight lessons that they can always come back to
any FPU class anywhere, anytime to make up the missed lessons and complete their
graduation requirements.
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Financial Peace University Coordinator Guide
ENDING THE CLASS
Class Wrap-Up (3 minutes)
I Review This Week’s Homework on page 139 of the Member Workbook.
Encourage everyone to prayerfully consider the Bible’s instructions
on giving, no matter where they are in the Baby Steps. Remember,
there’s a reason why giving is the first item on the budget forms!
Make sure the FPU Attendance Sheet is complete and turned in.
Ask everyone to complete the class survey online.
Also remind everyone to complete the online Coordinator Application if they’d like more
information on becoming an FPU coordinator themselves.
Remind everyone that if they missed a class they can view lessons online at FPU Central.
Encourage everyone to be gracious guests.
Return the chairs to their original places and make sure any garbage is removed.
Celebrate together!
If time allows, give everyone the opportunity to talk and mingle. You’ve all been through a
lot together, so take some time to celebrate!
Class dismissed!
After Class
Complete the items on the After-Class Checklist on page 17 of this guide.
Complete the items on the Final Duties Checklist on page 225 of this guide.
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This Week’s Homework
Personal finance is 20% head knowledge and 80% behavior. Take charge of
your financial behaviors by completing the following tasks this week. Be sure
to work with your spouse or accountability partner where noted!
Pray about giving.
Prayerfully consider what the Bible teaches about giving as
presented in this lesson. Using your budget, determine how
giving biblically would impact your inancial life. Adjust your
budget to accommodate any changes you need to make.
Discuss the word “blessing.”
Singles: Read Malachi 3:10 12 and talk with your accountability
partner about what the word “blessing” might mean in light of
this lesson. Discuss any budget changes you are considering
as a result.
Married Couples: Read Malachi 3:10 12 together and discuss
what the word “blessing” might mean in light of this lesson.
Review your budget to determine what changes you could or
should make as a result.
Rate the class!
Complete the Class Survey form in the online resources at
FPU Central. Also, if God has changed your life through FPU
and you want to share that blessing with others, ill out the
online Coordinator Application to learn how you can become
an FPU coordinator!
Keep going!
Do a zero-based budget every month for the rest of your life!
You can also stay current by checking out new information
and updates online, and you can take this class again as many
times as you want at no extra cost!
Reading Assignment: Read the “Give Like No One Else” chapter in
Dave Ramsey’s Complete Guide to Money.
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The Great Misunderstanding 139
Financial Peace University Coordinator Guide
FINAL DUTIES CHECKLIST
Finish this class with excellence by completing this Final Duties Checklist.
This will close out your class and help you keep the momentum
going with new opportunities!
Do This
Encourage one or two class members to become FPU coordinators themselves!
Most of our volunteer coordinators are former FPU members who wanted to spread the
message of financial peace to others. Give your class that opportunity by directing them to
the new coordinator information in FPU Central.
Call your Advisor in our office to set your next class dates.
It’s never too early to start planning your next class!
Make sure your records are complete.
Log in to FPU Central to make sure your attendance records are complete for all nine
weeks and that your class’s Financial Reality Check information has been entered for the
exercises in Weeks 2 and 9.
Encourage your class members to keep going!
Send a final email of encouragement and support to everyone in your class, and try to stay
in touch long term so you can share in their victories!
Thank the church and/or community leaders.
Show your appreciation to the church and/or community leaders who allowed you to use
their facilities and helped support your class. Feel free to share with them the financial
turnaround of the class as a whole, while still maintaining each individual member’s privacy.
Keep going!
Stick with us in this crusade by exploring all the other options we have to bring quality
stewardship training to your church and community! See page 231 in the back of this guide
for all the different ways you can take your involvement to the next level!
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FINAL WORD
Questions About Giving
Dave’s three big principles are save, spend and give. We want you to
enjoy your saving and spending, but giving is really some of the most fun you
can have with money. We get a lot of questions on the topic though, so let’s
take a look at the most common ones.
1 What’s the point of tithing? your tithing. And it never implies live off 100%. Something is already
God doesn’t need our money. that tithing is a salvation issue. off in your plan. And if you do tithe,
He owns the cattle on a thousand do it out of love for God, not guilt.
hills. That’s not why He repeatedly The tithe, which is a scriptural
tells us to give and have an mandate, was not instituted for 3 Is it right to count my church
eternal view of everything He’s God’s benefit, because He already tithes on my tax returns?
given us. His desire is that we’d has all the money He needs. He You gave the money to the church.
experience the kind of peace that does not need our money. You were biblically obedient in that.
comes from a content heart. The Bible also tells us to be good
So why does He ask us to give managers of our money. It does
Having a content heart, managing 10% to Him? Tithing was created not diminish the sanctity of your
money God’s way, and avoiding for our benefit. It is to teach us gift to take the tax deduction. It is
the temptation of materialism how to keep God first in our lives a way to manage the rest of the
frees us to focus on the things and how to be unselfish people. money. Take the deduction.
that really matter—like family, Unselfish people make better
friends and, ultimately, changing husbands, wives, friends, relatives, Later, if you get an income tax
our family tree. employees and employers. God is refund, remember that this
trying to teach us how to prosper is money that you’ve already
2 Should you stop tithing over time. tithed. But you can always
when money’s tight? choose to give some or all of it
The Bible does not mention If you cannot live off 90% of your back to the Lord as additional
anything about putting a hold on income, then you probably cannot thanks for His blessings.
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140 The Great Misunderstanding
4 I’m making more money now. help people in need, like a lady who KEY TERMS
How should I increase my has a flat tire on the side of the road
giving above the tithe? or a young married couple who just Firstfruits: The first-gathered
had their first baby. fruits from a harvest, typically
When things are going well, it’s given as an offering to God
easy to accidentally spend all the This doesn’t have to be a formula or Great Misunderstanding: The
extra income. That’s why Dave a checklist of ways to give. All you mistaken belief that the way to
recommends that you name each need to do is start with an attitude of have more is to hold on more
of those new dollars in your budget thankfulness, generosity and giving, tightly to what one already has
every month. and that attitude will reflect how you O ering: A gift made above
respond in everyday life. and beyond the tithe; free-will
gifts given without obligation,
6 Can you give too much? mandate or expectation
Sure. The Bible says to give a Stewardship: Act of managing
tenth of your income to your local the resources and possessions of
church. Your first goal after the tithe another; literally, “managership”
is to take care of your household. Tithe: Biblically mandated
Then, above that, to support other gift of 10% of one’s income, or
ministries with your giving. But you “increase”; given to the local
definitely shouldn’t be giving yourself church; literally, “tenth”
into the poorhouse. When you have
a better financial foundation in a Coordinator 227
few years, you are more free to give The Great Misunderstanding 141
above the tithe.
“Bottom line: Giving liberates the soul
of the giver. A giver never walks away
feeling badly.” Bottom line: Giving liberates the soul
of the giver. A giver never walks away
Set up your budget based on your feeling badly. Whether through a
new salary, including your giving, tithe, charitable contribution or gift
spending and saving. Then, any to a friend in
additional income is divided among need, giving
extra giving, extra investing and not only
some blow money. generates
5 Can’t I also volunteer my good—it brings
time and services as a contentment.
form of giving?
As we’ve seen throughout FPU,
Absolutely! You can serve food at a money is never just about money. It
homeless shelter, read stories to the is about so much more. When giving
elderly at a nursing home, help with becomes part of our natural way of
parking or child care at your church— life, incredible blessings are unlocked
the list could go on and on. You can in our spirit that we’ve never even
also look for special opportunities to imagined! It’s a great way to live!
WDeOll NE!
You did it! You led the charge. You helped change some lives. And now,
your class members—who have become your friends and partners on this
journey—are on a different path. Their lives are telling a different story.
Very, very well done.
We told you at the start of this journey that your chief job in the process
was to help bring hope. By now, we trust you’ve seen the fruits of that
newfound hope firsthand. Isn’t it amazing what happens in people’s
lives when they start following God’s ways of handling money? Lives are
changed, relationships are restored, hurting marriages are healed, parents
are empowered, and singles develop the self-accountability that is crucial
for long-term success. Plus, men and women at any income level discover
the hope that they can retire with dignity, leave a lasting legacy for their
children, and become outrageous, lifelong givers. It’s incredible—and you
helped make that possible!
At this point, you may be wondering what’s next. We’re glad you asked!
There are two things you can do immediately to keep this momentum
going in your church and community. First, you can coordinate another
FPU class yourself! There are coordinators around the country who have
literally led dozens of classes, which means they’ve personally impacted
the lives of hundreds of families. That’s an awesome legacy!
Second, you can recruit a new coordinator. Most of our new coordinators
come out of FPU classes themselves. Once they go through FPU as a
member, they get so fired up that they want to spread the message of
financial peace to more and more people. So, we encourage you to identify
some people from your own FPU class who might want to start a new class
in your area. Just tell them how easy—and fun—it was to lead their class
and point them to the Coordinator Application online in FPU Central.
If you really want to go the extra mile, check out the other stewardship options
on the following page. We have programs and opportunities to fit any size
church, need or opportunity. Help us bring hope to your community!
Congratulations on a fantastic class!
We look forward to working with you again soon!
DAVE’S READING LIST
Dave firmly believes that leaders are readers. To help you go even further
in this and future FPU classes, here is a list of books that Dave specifically
recommends for FPU coordinators. Enjoy!
Becoming a Person of Influence How to Win Friends and Influence People
John Maxwell and Jim Dornan Dale Carnegie
Business by the Book The Legend of the Monk and the Merchant
Larry Burkett Terry Felber
Descending Into Greatness The One Minute Manager
Bill Hybels Dr. Kenneth Blanchard and Dr. Spencer Johnson
Developing the Leader Within You QBQ: The Question Behind the Question
John Maxwell John Miller
The E-myth Revisited Rhinoceros Success
Michael E. Gerber Scott Alexander
Flipping the Switch Roaring Lambs
John Miller Robert Briner
The Go-Getter The 7 Habits of Highly Effective People
Peter B. Kyne Stephen R. Covey
Good to Great The 21 Irrefutable Laws of Leadership
Jim Collins John Maxwell
Guerrilla Marketing Thou Shall Prosper
Jay Conrad Levinson Rabbi Daniel Lapin
Going Further in
STEWARDSHIP
We’re on a mission to reclaim stewardship to its true biblical meaning: people
and churches honoring God by being faithful managers of the resources
He’s given them. You already know what a huge difference Financial Peace
University can make in a church and community, but FPU is just the beginning!
We already know you’re a great coordinator, but if you want to
become a super coordinator, here are some more ways you can
join us in our mission to take biblical stewardship even further.
Stewardship Programs
The Legacy Journey Smart Money Smart Kids
This video series teaches a biblical Based on the #1 national best-selling book,
perspective on wealth and how to create this video-based class for parents equips
a lasting legacy that will bless families them to teach their kids how to handle
and communities. money—from toddlers to teens.
Financial Coach Master Training Junior’s Adventures Bible Study
This in-depth training program equips people A six-lesson Bible study that teaches kids the
to provide one-on-one financial coaching as a value of hard work, how to save and spend
side business or as a ministry in their church. wisely, and how to be content with what
they have.
Momentum
Generation Change
A training event that equips church leaders to
lead a church-wide movement to financially Bible studies designed to teach teenagers
disciple everyone in the church. about God, themselves, and their money—
and how it all works together.
You can learn more about all of these programs at daveramsey.com/stewardship,
or just ask your Advisor in our office for details!
Coordinator Only 231
MONTHLY
BUDGETING
FORMS
Welcome to the wonderful world of cash flow management! By filling out
just a few forms, your new financial plan will start to unfold right in front of
you. You’ll immediately identify problem areas and learn how to close the
valve of wasteful spending, because you’ll know exactly where all of your
dollars are going!
It will take a little while to fill these forms for the first time. That’s because
you’ll be doing something you’ve probably never done, and you’ll be facing
behaviors you may have never faced. That’s okay! After that initial start-
up, however, you’ll get better and better at this until budgeting feels like
second nature.
For monthly budgeting, you’ll just need to use two forms: the Monthly
Cash Flow Plan along with the Allocated Spending Plan or Irregular Income
Plan, depending on how you get paid. This should just take about 30
minutes a month once you get in the habit.
Dave covers these three forms in detail in the Cash Flow Planning lesson,
and we also have tutorials online for each budget form. If you need a little
help as you fill out the forms, just take a breath and check out one of those
helpful resources.
Are you ready? It’s time to make those dollars dance! Go for it!
Monthly Cash Flow Plan
Cash lows in and out each month. Make sure you tell it where to go!
Yes, this budget form has a lot of lines and blanks.
But that’s okay. We do that so we can list practically every expense imaginable on this form to
prevent you from forgetting something. Don’t expect to put something on every line. Just use the
ones that are relevant to your specific situation.
Step 1 A
Enter your monthly take-home pay in the box at Monthly Take-Home Pay
the top right (A). This is the amount you have for
the month to budget. So far so good, huh?
Step 2 food Spent Budgeted
Food Transportation Charity Personal Insurance Debt Envelope
Within each main category, such as Food,
there are subcategories, like Groceries. Start B GroceriesMedical Utilities
at the top and work your way down, filling out Housing Recreation Savings Clothing Envelope
the Budgeted column (B) first. Add up each C
subcategory and put that number in the D Restaurants
Total box (C).
Reality Check
Also, pay attention to Dave’s recommended
percentages (D). This will help you keep from
budgeting too much for a category.
Step 3 E TAKE-HOME PAY
F – CATEGORY TOTALS
Finally, enter your take-home pay in the top
box at the end of the page (E), then add up all G = ZERO BALANCE
categories and place that total in the Category
Totals box (F). Then subtract your Category
Totals amount from your Take-Home Pay. You
should have a zero balance (G). Doesn’t that
feel great?
Step 4 Food food Personal Insurance Debt Envelope Spent Budgeted
Transportation Charity
When the month ends, put what you actually
spent in the Spent column (H). That will help you H GroceriesMedical
make any necessary adjustments to the next
month’s budget. Housing Recreation Savings Clothing Utilities Envelope
Restaurants
Reality Check
Monthly Cash Flow Plan
Cash lows in and out each month. Make sure you tell it where to go!
Add up budgeted column here Monthly Take-Home Pay
& enter These icons represent good options for cash envelopes
CHARITY Spent Budgeted FOOD Insurance Debt Envelope Spent Budgeted
Food Transportation Charity Personal Insurance Debt Envelope Food Transportation Charity Personal
TithesSavings Envelope GroceriesMedical
Housing Medical Recreation Clothing Utilities Housing Recreation Savings Clothing Utilities Envelope
Charity & OfferingsRealityCheck RestaurantsReality Check
*10–15% TOTAL *5–15% TOTAL
Spent
d Transportation Charity Personal Insurance Debt Envelope Food Transportation Charity Personal Insurance Debt Envelope Spent Budgeted
SAVING Budgeted CLOTHING
ng Medical Recreation Savings Clothing Utilities Envelope Housing Medical Recreation Savings Clothing Utilities Envelope
Check Emergency Fund Reality Check Adults
Retirement Fund
College Fund Children
Cleaning/Laundry
Food Transportation Charity Personal Insurance Debt Envelope *10–15% TOTAL *2–7% TOTAL
Envelope
HOUSING Spent Budgeted TRANSPORTATION Spent Budgeted
Food Transportation Charity Personal Insurance Debt Envelope
Housing Medical Recreation Savings Clothing Utilities
RealityCheck First Mortgage/Rent Gas & Oil
Second Mortgage Housing Medical Recreation Savings Clothing Utilities Envelope
Real Estate Taxes
Repairs/Maint. Reality Check Repairs & Tires
Association Dues
License & Taxes
Car Replacement
Other _________________
ty Personal Insurance Debt Envelope *25–35% TOTAL Food Transportation Charity Personal Insurance Debt Envelope *10–15% TOTAL
UTILITIES Spent Budgeted MEDICAL/HEALTH Spent Budgeted
on Savings Clothing Utilities Envelope Housing Medical Recreation Savings Clothing Utilities Envelope
Electricity Reality Check Medications
Gas
Water Doctor Bills
Trash
Phone/Mobile Dentist
Internet
Cable Optometrist
Vitamins
Other _________________
Other _________________
*5–10% TOTAL *5–10% TOTAL
*Dave’s Recommended Percentages
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
Food Transportation Charity Personal Insurance Debt Envelope
INSURANCE Spent Budgeted RECREATION Spent Budgeted
Food Transportation Charity Personal Insurance Debt Envelope
Housing Medical Recreation Savings Clothing Utilities Envelope
Life Insurance Entertainment
Housing Medical Recreation Savings Clothing Utilities Envelope Reality Check Vacation
ality Check Health Insurance
Homeowner/Renter *5–10% TOTAL
Auto Insurance
Disability Insurance DEBTS Spent Budgeted
Identity Theft Car Payment 1
Long-Term Care Food Transportation Charity Personal Insurance Debt Envelope
Car Payment 2
*10–25% TOTAL Recreation Credit Card 1 _______
Housing Medical Savings Clothing Utilities Envelope
PERSONAL Credit Card 2 _______
Food Transportation Charity Personal Insurance Debt Envelope Spent BudgetedReality Check Credit Card 3 _______
Housing Medical Recreation Savings Child Care/SitterClothing Credit Card 4 _______
Utilities Envelope
Reality Check Toiletries Credit Card 5 _______
Cosmetics/Hair Care Student Loan 1
Education/Tuition Student Loan 2
Books/Supplies Student Loan 3
Child Support Student Loan 4
Alimony Other _________________
Subscriptions Other _________________
Organization Dues Other _________________
Gifts (inc. Christmas) Other _________________
Replace Furniture Other _________________
Pocket Money (His) Your goal is O% *5–10% TOTAL
Pocket Money (Hers)
Baby Supplies Once you have completed filling out each category,
subtract all category totals from your take-home pay.
Pet Supplies
Music/Technology Use the “income sources” TAKE-HOME PAY
form if necessary – CATEGORY TOTALS
Miscellaneous
Add up totals = ZERO BALANCE
Other _________________ from each category
Other _________________ Remember —
*5–10% TOTAL Tbhuedggeotalisoftao zero- based
get this
number to zero
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
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| as savin| gs or giving, so that yo|u spend every F oInttheernre__t_____________
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Cable
m and explore our other online budgeting tools! Visit <<URL>> to download extra copies of this form
Visit <<URL>> to download extra copies of this form a
Allocated Spending Plan
Don’t let this one scare you. Managing your money week to week happens here!
Pay Period Dates TO TO TO TO
Pay Period Income
_ Income
CHARITY Tithes
= Remaining totbhuisdgpeaty period
Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Tithes | | | |
| | |
Charity & Offerings |
Remaining Budgeted Remaining Budgeted Remaining
“Remaining” minus “Budgeted.” Back & forth.Personal
d Transportation Charity Insurance Debt Envelope
ng SAVING Budgeted Remaining Budgeted
Medical Recreation Savings Clothing Utilities Envelope
Emergency Fund | | | |
Retirement Fund | | | |
College Fund | | | |
Food Transportation Charity Personal Insurance Debt Envelope
Envelope
HOUSING Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Housing Medical Recreation Savings Clothing Utilities
First Mortgage/Rent | | | |
Second Mortgage | | | |
Real Estate Taxes | | | |
Repairs/Maint. | | | |
Association Dues | | | |
Other _______________ | | | |
Personal Insurance Debt Envelope
n Savings Clothing Utilities UTILITIES Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Envelope
Electricity | | | |
Gas | | | |
Water ||||
Trash ||||
Phone/Mobile | | | |
Internet ||||
Cable ||||
Other _______________ | | | |
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Pay Period Dates TO TO TO TO
zeWrhoe,nyo“uR’erme adionniengb”udegqeutailsng Budgeted Remaining Budgeted Remaining
for this pay period.
FOOD Budgeted Remaining Budgeted Remaining
Food Transportation Charity Personal Insurance Debt Envelope
Groceries | | | |Housing
Medical Recreation Savings Clothing Utilities Envelope
Restaurants | | | |
Transportation Charity Personal Insurance Debt Envelope
Savings CLOTHING Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Medical Recreation Clothing Utilities Envelope
Adults ||||
Children ||||
Cleaning/Laundry | | | |
TRANSPORTATION Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Food Transportation Charity Personal Insurance Debt Envelope
Gas and OilRecreation Utilities Envelope | | | |
Housing Medical Savings Clothing | | | |
| | | |
Repairs and Tires | | | |
| | | |
License and Taxes | | | |
Car Replacement Budgeted Remaining Budgeted Remaining Budgeted Remaining
Other _______________
Other _______________
Food Transportation Charity Personal Insurance Debt Envelope
MEDICAL/HEALTH Budgeted Remaining
Housing Medical Recreation Savings Clothing Utilities Envelope
Medications | | | |
Doctor Bills | | | |
Dentist ||||
Optometrist | | | |
Vitamins ||||
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
Allocated Spending Plan
Don’t let this one scare you. Managing your money week to week happens here!
Pay Period Dates TO TO TO TO
INSURANCE Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Charity Personal Insurance Debt Envelope
Life Insurance | | | |Recreation
Savings Clothing Utilities Envelope
Health Insurance | | | |
Homeowner/Renter | | | |
Auto Insurance | | | |
Disability Insurance | | | |
Identity Theft | | | |
Long-Term Care | | | |
Personal PERSONAL Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
Transportation Charity Insurance Debt Envelope
Child Care/Sitter | | | |Medical
Recreation Savings Clothing Utilities Envelope
Toiletries | | | |
Cosmetics | | | |
Education/Tuition | | | |
Books/Supplies | | | |
Child Support | | | |
Alimony ||||
Subscriptions | | | |
Org. Dues | | | |
Gifts (inc. Christmas) | | | |
Replace Furniture | | | |
Pocket Money (His) | | | |
Pocket Money (Hers) | | | |
Baby Supplies | | | |
Pet Supplies | | | |
Music/Technology | | | |
Miscellaneous | | | |
Other _______________ | | | |
Other _______________ | | | |
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
Pay Period Dates TO TO TO TO
Food Transportation Charity Personal Insurance Debt Envelope Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
RECREATION ||||
||||
Housing Medical Recreation Savings Clothing Utilities Envelope
Entertainment
Vacation
DEBTS Budgeted Remaining Budgeted Remaining Budgeted Remaining Budgeted Remaining
tation Charity Car Payment 1 | | | |
Personal Insurance Debt Envelope
Car Payment 2 | | | |
Credit Card 1 _______ | | | |
al Recreation Savings Clothing Utilities Envelope
Credit Card 2 _______ | | | |
Credit Card 3 _______ | | | |
Credit Card 4 _______ | | | |
Credit Card 5 _______ | | | |
Student Loan 1 | | | |
Student Loan 2 | | | |
Student Loan 3 | | | |
Student Loan 4 | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Other _______________ | | | |
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
Irregular Income Planning
If you have an irregular income, this form just became your best friend!
Some people’s paychecks all look the same, and some people’s don’t.
If you’re self-employed or in sales, you really understand this! But you’re not free from filling
out budgets. As a matter of fact, this form is vital for just that reason! It can be easy for debts and
expenses to overtake what you’re bringing in. Stay on top of your money here.
Step 1
Fill in the Monthly Cash Flow Plan form based on
what you reasonably expect to bring home for
the month. If you aren’t sure, use last year’s lowest
income month as your starting point.
Step 2 A Hospital Bill - Snowball
Home Depot - Snowball
List anything that didn’t make it in your Monthly Extra Entertainment
Cash Flow Plan in the Items column (A). These
are the things that you couldn’t budget for but
need to be funded.
Step 3 460 t 460
1,000 = 1,460
Rewrite your expenses in priority order and
keep a running total. Setting good priorities is 50 1,510
crucial here. For instance, a beach trip is not
more important than putting food on the table!
Step 4 1,500
When you get paid, write any additional income B
in the box (B). “Additional” means anything above
and beyond what you budgeted on the Monthly 460 t 460
Cash Flow Plan form. 1,000 = 1,460
Step 5 50 40 1,510 1,500
Spend your money right down the list until it’s
all gone. You most likely won’t make it all the
way down the list. That’s okay! That’s why it’s
important to prioritize.
Irregular Income Planning
If you have an irregular income, this form just became your best friend!
Any additional irregular income goes here
List, in priority order, anything that plan Additional Irregular Income
didn’t make it in your monthly cash flow Work back & forth, adding each budgeted item to the running total
iteMs bUdgeted rUnning total
+
=
Sign in to FPU Central at daveramsey.com to download this form and explore our other online budgeting tools!
ADDITIONAL
FORMS
TAKE TOTAL CONTROL OF YOUR MONEY WITH THE
COMPLETE SET OF BUDGET FORMS!
Once you get the hang of monthly budgeting with the basic forms, there are a
few more steps to take to get the full picture of your financial situation.
To get a full, complete view of your finances, we recommend completing the
entire set of forms up front, and then updating the set once a year. You’ll also
want to update the entire set any time you experience a dramatic positive or
negative financial event, such as receiving a large inheritance or paying for an
expensive home repair.
Each form has an explanation for what it is for, along with instructions for how
to quickly and easily record the information. If you have any questions or need
any help, just check out our tutorials online. We have detailed tutorials for
every budget form.
Have fun!
Quick-Start Budget
Your irst budget! It’s also the simplest, so you can relax now.
It’s time to get your feet wet with budgeting.
This form is only one page, but it will show you how much money you need every month to cover
necessities. While your mortgage or rent is listed here, we won’t get into the details of your credit
card bills, student loans, car payments and any other debt yet. The Quick-Start Budget is just your
starting point.
Step 1 Food Transportation Charity Personal Insurance Debt Envelope
Write down what you’re spending for the month Housing Medical Recreation Savings Clothing Utilities UTILITIES Budgeted
in each of the categories listed (A). If you don’t
know exactly, just make your best guess. We’re Reality Check A Envelope
keeping it simple for now.
Electricity
Gas
Step 2 Internet
Cable
Write the total for each category in the Total box
(B) and move on to the next category. See? Easy! B
TOTAL
Step 3 C CATEGORY TOTALS
Add up all eight of your total boxes and enter that
number at the bottom in the Category Totals box
(C). This shows you how much you’re spending in
a month for your basic necessities, not including
any kind of debt. We’ll get to all that later.
Quick-Start Budget
Taking control of your money starts here!
Add up budgeted column here These icons represent good options for cash envelopes
& enter
CHARITY Budgeted FOOD Debt Budgeted
Food Transportation Charity Personal Insurance Debt Envelope Food Transportation Charity Personal Insurance Envelope
Housing Medical Recreation TithesSavings Utilities Envelope GroceriesMedical
Clothing Housing Recreation Savings Clothing Utilities Envelope
Reality Check TOTAL Reality Check TOTAL
ood Transportation Charity Personal Insurance Debt Envelope Food Transportation Charity Personal Insurance Debt Envelope Budgeted
SAVING BudgetedHousing CLOTHING
using Medical Recreation Savings Clothing Utilities Envelope
Medical Recreation Savings Clothing Utilities Envelope
yCheck Emergency Fund Reality Check Adults
Other _________________
Children
Food Transportation Charity Personal Insurance Debt Envelope TOTAL TOTAL
Envelope
HOUSING Budgeted TRANSPORTATION Budgeted
Housing Medical Recreation Savings Clothing Utilities Food Transportation Charity Personal Insurance Debt Envelope
RealityCheck First Mortgage/Rent Car Payment
Second Mortgage Housing Medical Recreation Savings Clothing Utilities Envelope
Real Estate Taxes
Repairs/Maint. Reality Check Car Payment
Homeowner/Renter Ins. Gas & Oil
Repairs & Tires
Auto Insurance
TOTAL TOTAL
y Personal Insurance Debt Envelope Budgeted
UTILITIES Budgeted Food PERSONAL
on Savings Clothing Utilities Envelope Transportation Charity Personal Insurance Debt Envelope
Electricity Life Insurance
Gas Housing Medical Recreation Savings Clothing Utilities Envelope
Water
Trash Reality Check Health Insurance
Phone/Mobile
Internet Disability Insurance
Cable
Child Care/Sitter
Entertainment
Other _________________
Other _________________
TOTAL TOTAL
Add up totals CATEGORY TOTALS
from all categories
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