That’s a pretty substantial number, wouldn’t you say? That number represents the total non-mortgage debt accumulated among the 300 plus people participating in this season’s Financial Peace University (FPU) class at Kensington Church. At this point in the game, we’re still missing the numbers from one of our campuses, so it wouldn’t be inaccurate to expect that number to peak well above $8 million. If that number doesn’t get you sweating a little bit, consider this: the six classes have a total of 919 credit cards, many with revolving balances. Across all classes we measured an 8 to 1 debt to cash on-hand ratio.
It’s one of those situations that makes you want to shake your head in disappointment and discouragement. How does that happen?
Well, think of our society. A society that tells us to consume, consume, consume and pushes an infinite value in material, earthly things that the Bible says will be destroyed. Debt is a product of aggressively marketed credit cards that will bury its victim in a deep, dark hole that is number one reason that breaks up marriages and causes crippling anxiety and fear. Proverbs 22:7 tells us the borrower is the slave of the lender.
As Kensington participants journey through the FPU course, they’re being exposed to Biblical truths about money and are given the tools to walk right out of debt with a simple, clear and effective snowball technique.
Already, lives are being transformed as people surrender their finances to God and pray diligently and earnestly about breaking the heavy chains of debt.
A woman, that we’re calling Sara for privacy reasons, shared how FPU has impacted and empowered her in financial life and beyond. Sara now realizes money to be the poison that broke up her marriage, and the toxic element that continued to penetrate into her relationship with her ex-husband.
She says, “The FPU tools, as presented and taught by the intelligent, humble, friendly, encouraging, and God-fearing [people], made sense and were not scary. The knowledge I gained actually gave me hope for my future and my daughters’ future. It has helped me heal some wounds from my past.”
Our hope and prayer is that these types of stories continue to pour in, and we can’t wait to share the narrative of transformation along the way.
For the first time, Sara feels empowered to be the CFO of her family and provide opportunities for her daughters to attend college. She is cheerfully tithing 10 percent of her income and has a sense of peace over her that is unexplainable.
This is what Financial Peace University is all about. After hearing this, $7.7 doesn’t seem like such a big number considering the big God that we serve, does it?
Stay tuned as we share more incredible stories as a result from God moving in FPU at Kensington!
Dave Smith is part of the KCC finance staff and a Dave Ramsey Certified Coach.