Habitat for Humanity empowers future homeowners to successfully own and maintain a home. One such way we achieve this is by teaching our Habitat partners about financial responsibility. We use a proven course that started out as a small class taught in a church. From that, Financial Peace University was born. Twenty years after the course was developed, its creator, Dave Ramsey, continues to teach people God’s way of handling money. Lisa, a recent course graduate says, “Dave explains so much about money and how to handle it the way God intended. You will learn a lot about money.”
Ramsey is a personal money-management expert and popular national radio personality. His seven best-selling books – Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, The Complete Guide to Money, Legacy Journey and Smart Money Smart Kids – have sold more than 10 million copies combined.
Through video teaching, class discussions and interactive small group activities, the Financial Peace University course presents practical, biblical steps to win with money. You’ll learn how to walk out of debt, build significant savings, and leave a lasting legacy for your family, church, and community. You will also learn the truth about credit cards and credit bureaus, how marketing can sway your spending decisions, what insurance you actually need, and how to plan for college and retirement.
The cost of the nine-week course is $75 dollars. Habitat homebuyers get a rebate once they complete all nine classes. Kelli, a current Habitat homebuyer says, “The great thing is you pay for the class, but get back so much more.”
The course is structured around a seven-step plan.
- Step 1: Save $1000 in a beginner emergency fund
- Step 2: Pay off all debt, except mortgage
- Step 3: Put three to six months of expenses in savings
- Step 4: Invest 15% of your household income into retirement
- Step 5: Save for your children’s college
- Step 6: Pay off your mortgage early
- Step 7: Build Wealth and Give
Course instructor, Janie Hamilton, says that each step is achievable, but moving from step one to step seven takes time. “It can take three to four years before you make it past step three, but it can be done,” Hamilton explains.