Earlier this month, the United Methodist Foundation of Louisiana awarded $333 to 32 families who completed Financial Peace University, a nine-week money course, offered by First United Methodist Church of Bossier City and Henning Memorial United Methodist Church of Sulphur. This opportunity was made available through a grant provided by the Foundation, and any United Methodist Church in the Conference is eligible.
Dave Ramsey’s Financial Peace University, or FPU, is a life-changing program with a long history of helping families begin managing money God’s way. The Foundation offers the incentive to churches in the Louisiana Conference to help them encourage more people to enroll in the class.
Why $333? The goal of FPU is to teach participants the skills to eliminate debt, save for the future, and give like never before. To obtain that goal, Ramsey outlines seven “baby steps,” the first of which is to set aside $1000 for an emergency fund. The $333 each family receives gives them one-third of their emergency fund and energizes them to save the remainder.
The 32 families combined at First Bossier and Henning paid off nearly $42,000 over the duration of the class, according to the end-of-course evaluations. Participants say they have begun making better financial decisions already, and feel that behavior change and discipline are hard, but well worth the effort. Some wished they had learned this information at an earlier age.
“We strongly believe in what this course can do for families, and ultimately the church,” said Rob Fairly, president of the Foundation. “When families take control of their finances, that financial security ends up benefiting the church as well,” he said.
The Foundation strongly encourages churches to offer the course to their communities. Information on hosting an FPU class is available at www.daveramsey.com.
To offer the Foundation incentive to your participants, contact the Foundation. Participants must attend at least eight of the nine classes, complete all homework and a course evaluation, and the church must agree to provide debt reduction statistics, a class photo and completed course evaluations to the Foundation to receive the incentive funds.