Want to hear some really scary statistics?
- Seven of every ten households in America suffer from financial stress or are in financial crisis
- One of the leading causes of marital problems is debt and disagreement about spending issues
- 35% of Christian marriages end in divorce
- The number one cause cited was financial problems
- The average household has ten credit cards
- The average household credit card debt in America is almost $8,000
- The average credit card interest rate is 18.9%
- One in six families with credit card debt makes only the minimum payment each month
- If you owe $8,000 on a credit card at 18% and make minimum monthly payments
- It will take you 25 years and 7 months to pay off the balance
- Your payments will total $23,432
- You will have paid $15,432 in interest alone
- Total personal debt in the U.S. as of June 2007, excluding first mortgages, was $2.46 TRILLION Almost 589,000 personal bankruptcies were filed in 2006
What Can We Do To Avoid These Problems & Pitfalls?
Debt and poor financial decisions coupled with a faltering economy, rapidly rising costs for food, energy and transportation, and employment uncertainty are real problems in homes across America. Most importantly, they are problems for many families right here at Argyle. Even if your family is not in obvious financial stress today, you may be only one missed paycheck or unexpected bill away from a meltdown. The question is – what to do to correct the problem before it's too late?
We are excited to offer a real solution to this problem that is troubling so many families. Financial Peace University is an exciting 13 week, life-changing program that empowers and teaches you how to make the right money decisions, achieve your financial goals, and experience a total money make-over. Taught by nationally known author and radio/TV personality Dave Ramsey, this program has reached over 350,000 families and individuals. On average during the 13 week course, participants pay off over $5,300 in debt and put $2,700 into savings!
If you’d like more information about Financial Peace University, contact Ministry Pastor Hal Hunter. You can also visit Dave Ramsey's web site.