The 13 weeks of our first Financial Peace University just concluded. Not everyone who started back in January completed the course, but those who did were excited about the things they learned and the progress they made.
We took a followup survey of family debt. Twenty-five families participated. Their aggregate debt when we took the first survey was $1,481,174. Now, ten weeks later, their debt is $1,325,176- a 10.5% reduction of $155,998, or an average of $6,240 per family!
While still a lot of debt, things are headed in the right direction with these families. Two families showed no reduction in their debt load, but four had reductions of $10,000 or more.
The biggest single message we heard from participants was new found confidence that things could be different in their financial lives, and that it really is possible to be debt free and at peace financially.
We will be offering the FPU again beginning August 27. Check the Financial Peace section of the web site for complete details and a registration form.
Hal Hunter
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