This was the update sent from Jeff and Paula who run our Financial Peace University classes here at ORCC as well as a testimony from a couple who had taken the class and was seeing results!.
Hello Orchard Road Family!
This past week, we were pleased to graduate the fourth FPU class. Here are the debt retirement and savings figures that occurred during this class:
Total debt retired: $26,411
Total saved in savings accounts: $72,116
Total change in financial position: $98,527 (debt retired + savings)
Debt retired per family that had debt when they started class: $2,032
Total saved in savings accounts per family: $4,808
Total change in financial position (debt + saving) per family: $6,840
Families that enrolled: 24
Families that finished: 20
This was the first class that saved more in savings accounts than they retired in debt.
Here are the cumulative stats for all four FPU classes held to date:
Total debt retired: $425,140
Total saved in savings accounts: $218,621
Total change in financial position: $643,761 (debt retired + savings)
Families that enrolled: 119
Families that finished: 93
Paula and I wanted to once again thank you for the opportunity to serve at ORCC. Thanks to your continued prayers, we had a spiritual breakthrough this time. We had the best attitudes in this class despite the worst economic conditions. It was common to hear laughing break out in the small groups! It’s great when people can laugh their way through the desert knowing that the Lord is taking care of them. We also had a number of people attend who had attended prior classes. They like the accountability and fellowship that the small groups offer.
We also keep hearing from people that have been through previous classes. Here is an email we received earlier this week from the Earley’s:
Hi Jeff,
If you remember I wrote a letter two months ago explaining our progress on the first few baby steps which included rearranging our insurance, paying off the car, a couple of credit card balances and other commercial accounts. Since then, the house is refinanced at 4.4%, credit cards are history and a working budget is in sight. Additional benefits include a growing sense of Financial Peace and confidence to be bolder in just about everything we approach. Real teamwork and non-defensive communication in the marriage is at an all time high.
All totaled, we have eliminated over $1500/Mo in unnecessary (and unwise) commitments and are much better insured.
We have a few miles to go to gain our financial freedom with 6 months of expenses in the bank and regular investment contribution yet to come. We can see it from here, and are humbly excited and highly encouraged.
Blessings to you all. The same awaits you.
Steve and Claudia
Last of all, we are enthusiastically planning to start the next class in September. We are considering either a Monday or Thursday night this time so that the musicians and support staff can attend. I’ll send out a proposed schedule in early June.
God Bless
Jeff & Paula
comments