29 Mar 2009 Town Hall For Hope with Dave Ramsey

I am laying in bed this Sunday afternoon resting and watching NBC’s Dateline special on “Inside the Financial Fiasco.” The one I am watching is part 2 of a 3 part series. The 3rd part of the series is playing tonight at 7pm EST.  It’s disturbing to watch and see all  the scare tactics made to get people to pay their debt, which debt collectors get sued over. It makes me very thankful that Tim and I are out of debt and don’t have to worry about what these people on tv are dealing with.

Tomorrow Tim and I are speaking at a Total Money Makeover class that is being lead by the man in our church that introduced us to Dave Ramsey’s plan to become debt free. We’ve been told that there are about 400 people meeting at this class, which totally makes me nervous, but with watching Dateline I am just getting frustrated and can’t wait to tell people that if they take what they are learning from the Total Money Makeover seriously, it works. It takes discipline, but it is totally worth it to not be slave to the lender. (Proverbs 22:7) And it is possible to be debt free, we’re a living example of that! I love walking to my car in a parking lot because I admire my debt free sticker on my back window. It makes me proud to see that and know that all our hard work was totally worth it!

Tim and I are planning on being at the entire class tomorrow, and I really hope our story touches some people and that we’re able to talk to others tomorrow night and be an encouragement. These stories on dateline of people living okay until loosing a job because of the economy and then depending on credit cards to pay for groceries and essentials is just sad. Tim and I are currently building up a 6 month emergency fund so we don’t get caught up in that trap. We don’t have any credit cards and it is so comforting that when we have a medical bill or car problem that surprises us, we have the money to pay for it. We might have to cut eating out or put aside less for gifts for people that month, but we’re able to get by, and so far without having to dip into our emergency fund.

I want to encourage everyone to attend a Town Hall for Hope on April 23rd. You can go to the website and find somewhere locally hosting the live broadcast of Dave Ramsey speaking about the economy and lots more. And on top of that you can surround yourself by others in your community and be a support for each other. I don’t understand why people wont talk about money. I hear from so many people that it is a personal issue, but if it stays personal who does it help? Who do you learn from and who do you teach if you don’t share about your financial situations? There have been lots of people in our church who have gone through the class, Total Money Makeover. Some people go full speed through the process, some are slow at making progress, and some listen to the advice and that’s it, no actions are taken. You can guess how each of those situations end up. The huge topic on the news these days is how the economy is hurting greatly, and that’s not going to change until people get an understanding of money and realize that debt is dumb. Stop using credit cards and don’t buy something unless you have the money ahead of time to purchase it. If you don’t have the money to go out and get Total Money Makeover by Dave Ramsey right away, then start listening to his podcasts. You’ll learn a lot from other’s stories and what advice Dave Ramsey gives them.

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5 Responses

  1. 1

    Dana~ I really wish that Andy (my husband) and I could listen to you tomorrow night. We miss the church so much since we moved down to St. Cloud! The church we are currently attending is doing Financial Peace starting tomorrow. We want to do it, but don’t have the money for the class fee. I absorb as much Dave Ramsey info as I can, because it’s such a positive and NECESSARY piece of information to have. I’m sure all the people that listen to you tomorrow night will be blessed!

  2. Thank you Pennie! I’m sorry you can’t do the FPU with your church. I’ve never gone through FPU, but would love to as well. We got out of debt just by reading Total Money Makeover and talking to others about finances. You can see my post the day we got out of debt to… http://www.danaschmoyer.com/2008/11/were-debt-free/ Keep up the hard work, it’s so exciting to see God bless you for using His money in an honorable way.

  3. Thanks Dana for posting this. It is something we need to talk about. We’ve been absorbing information this month and cutting way back, on the first we will start in hardcore, I have a lot of work to do before then. It’s very overwhelming, but exciting too!

  4. Thanks for sharing Dana. My wife Kim and I are going through the Total Money Makeover now. It’s been tough since she is back in school and has taken a pay cut. She changed jobs with one that would be a better fit for her class schedule. Keep us in your prayers as we strive to become debt free. We continue to pray for you, Tim and Baby Schmoyer.

  5. @Ashley I’ll be praying for you and Josh as you make changes. The first and best thing to do is get on a budget where you are giving a name to every penny, don’t let you’re money go somewhere without you telling it where to go. And don’t give up on doing the budget, more than likely it wont work out the first month or two when you’re learning how much money you really need for what.

    @Brian I am so excited for y’all to go through Total Money Makeover! It will be tough with the pay cut, but it will be possible too. When Tim and I sat down and did our budget (took 3 months for it to start working correctly ’cause we didn’t know where we spent our money) we cut out all unnecessary things such a cable, gym membership and rhaposdy membership. Keep on striving, it’s totally worth it! I’ll be praying for y’all.