#19 Take Financial Peace Together

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Take the Financial Peace class together over several weeks as a way to spend time with your child.

 

 

Take Financial Peace Together:

The time we spend with our children is always amazing and well spent. You’ll never come home from a date with your child and feel like you wasted your time. But some dates have the potential to change the course of their lives. Taking the Financial Peace class together is one of them.

Financial Peace – a 13-week class that teaches you how to handle money, pay off debt, and save, touching on every area of personal finance – is taught in most cities and also offered through an in-home course. On founder Dave Ramsey’s website, it says, “The average family pays off $5,300 in debt and saves $2,700 in the first 90 days.” Having taught this class several times, I believe it.

This class is a unique experience that teaches valuable information about money and how to handle it. If you go through this class with your child, it will undoubtedly change his or her future. At the time of writing, the course ranges in price from $93 to $149 for both of you combined, whether in a local class or at home.

Age Appropriateness:

The course would be applicable for children approximately ten and up. Even some younger children might benefit from it immensely, while some ten-year-olds might need to wait a few years. This will depend on your child’s level of maturity. If this isn’t something that naturally interests your child, you can offer some incentives for taking the class with you. It is in children’s best interest to take a class like this or become educated on the subject, so don’t allow their initial hesitation to stop you from pursuing it.

If you have younger children and want to begin teaching them about money, you may want to consider this site, Finacial Peace Junior, as a resource. You can use the lessons and examples from the site to help educate your younger kids or even come up with creative ways to teach them the basics about money. One of the ways we do that with our kids is by paying them each week for the chores they do around the house. Saturdays are paydays, and they can spend, save, and give specified amounts depending on their age and pay. It’s a simple way to introduce concepts such as waiting to buy something until you have the money, learning the consequences of spending choices, and other lessons that will prove useful in life.

WMTDS (What Makes This Date Special):

Taking and teaching this class years ago had a profound impact on my life, specifically how I viewed and handled money. You’ll improve your financial literacy, which in and of itself is a powerful tool. You receive lifetime membership, so you or your child can take the course as many times as you’d like. I find the class very entertaining and not boring at all, even if the subject seems like it would bore you.

chalkboard parenting

Taking the Financial Peace Course is a great way to spend time with your child.

Teachable Moments:

The lessons in the series are –

Super Saving

Relating with Money

Cash Flow Planning

Dumping Debt

Buyer Beware

Role of Insurance

Retirement and College Planning

Real Estate and Mortgages

The Great Misunderstanding

Variations:

There are a lot of personal finance products on the market, and while some may be reputable, many are not. If you choose to look into a different product, I recommend doing your homework on what you’re buying first. I normally would offer alternatives, but I don’t believe in any other product out there as much as this one. I couldn’t recommend them in good conscience. If you decide not to take the class, I encourage you to dedicate one or more dates to teaching your child about personal finance. Taking the course at home or reading the book together is another viable option.

Expense:

The cost of the class membership is approximately $100 to $150. This amount includes all course materials and a lifetime membership to retake the class as many times as you like.

Planning:

If you elect to take the Financial Peace class together, it requires planning due to class offerings and a 13-week commitment on your schedule. If you choose to take it at home, little planning is necessary, but it will require you to set aside the time to watch it together.

Materials Needed:

Materials will be supplied with the class.

Reference Websites:

dave ramsey.com

Financial Peace University

60 family tradition ideas

 

Amazon Resources:

(Some of the links below are affiliate links, which means if you choose to make a purchase, I may earn a small commission. This commission doesn’t cost you anything at all. The commissions earned help to allow me to provide the resources offered on this site. If you would like to read my full affiliate disclosure, you may do so here.)

Alternatives:

For a list of other ideas on how to spend one-on-one time with your child, see the full list here.

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