How Much Does Financial Peace University Cost?

The short answer: Financial Peace University (FPU) typically costs around $129.99 for a one-year membership. This membership grants you access to the online video lessons, digital resources, and community forum. However, keep in mind that the price can sometimes vary slightly based on special promotions or partnerships. Now, let’s dive deeper into what that cost entails and explore some common questions.

Understanding the Financial Peace University Investment

Investing in Financial Peace University (FPU) is more than just paying a fee; it’s an investment in your financial future. While the initial cost might seem like a hurdle, consider the potential returns in terms of reduced debt, increased savings, and a generally healthier relationship with money. But, before you make the leap, let’s break down exactly what you’re paying for and address some key considerations.

What You Get For Your Money

The core offering of Financial Peace University is its comprehensive course, led by Dave Ramsey, and accessible online. This isn’t just a collection of dry lectures. Ramsey’s approach is engaging, often humorous, and always practical. Here’s what your membership typically includes:

• Nine Video Lessons: These lessons cover the core principles of the Ramsey Baby Steps, from saving your first $1,000 to investing for retirement. The videos are well-produced and designed to hold your attention.
• Digital Resources: You’ll have access to a wealth of digital resources, including budgeting tools, debt snowball calculators, and other templates to help you implement the strategies taught in the course.
• Community Forum: The online community is a valuable resource for connecting with other individuals on the same journey. You can ask questions, share your successes, and receive encouragement.
• Mobile App: Access the course materials, track your progress, and manage your budget on the go with the FPU mobile app.
• One-Year Membership: Your membership lasts for one year, allowing you to revisit the course material as often as you need.

Frequently Asked Questions (FAQs) About Financial Peace University

To give you a thorough understanding of the cost and value of Financial Peace University, let’s tackle some of the most common questions.

1. Is There a Free Trial of Financial Peace University?

Unfortunately, Financial Peace University does not typically offer a free trial. However, Dave Ramsey’s team often provides free resources, like budget forms or introductory videos, on their website and social media channels. These resources can give you a taste of Ramsey’s teachings before committing to the full course.

2. Are There Discounts Available for Financial Peace University?

Yes, discounts are often available! Keep an eye out for special promotions on the Ramsey Solutions website. Also, your workplace or church may offer Financial Peace University at a discounted rate. Check with your HR department or church leadership to see if they have any partnerships with Ramsey Solutions.

3. What Payment Options Are Available for Financial Peace University?

Ramsey Solutions typically accepts major credit cards (Visa, Mastercard, American Express, Discover) and debit cards. They may also offer payment plans in certain circumstances, so it’s worth checking their website or contacting their customer support for the most up-to-date information.

4. Can I Share My Financial Peace University Membership with Family Members?

Generally, FPU memberships are designed for individual or household use (immediate family living in the same residence). Sharing your login information with individuals outside of your household is typically a violation of the terms of service. However, many couples find it beneficial to go through the course together.

5. Is There a Refund Policy for Financial Peace University?

Ramsey Solutions typically offers a satisfaction guarantee. If you are not satisfied with the course, you may be eligible for a refund within a specific timeframe (usually 14 days or 30 days) after purchase. Review the terms and conditions on their website or contact their customer support for detailed information about their refund policy.

6. How Long Does It Take to Complete Financial Peace University?

The Financial Peace University course consists of nine lessons, typically lasting around 90 minutes each. The course is structured to be completed over a period of nine weeks, with one lesson per week. However, you can progress at your own pace within the one-year membership period.

7. Is Financial Peace University Worth the Cost?

This is a subjective question, but for many people, the answer is a resounding yes. If you are struggling with debt, living paycheck to paycheck, or simply want to gain better control of your finances, Financial Peace University can provide you with the tools and knowledge you need to succeed. The value lies in the long-term financial benefits of implementing the principles taught in the course. Consider your current financial situation and goals to determine if the investment aligns with your needs.

8. Are There Alternative Ways to Learn Dave Ramsey’s Principles for Free?

While the full Financial Peace University course requires a paid membership, Dave Ramsey offers a wealth of free content through his website, podcast (“The Ramsey Show”), YouTube channel, and books. These resources can provide a solid foundation in Ramsey’s financial principles without requiring a financial commitment. However, FPU provides a structured learning experience with additional resources and community support.

9. What Happens After My One-Year Financial Peace University Membership Expires?

After your one-year membership expires, you will lose access to the online video lessons and digital resources. You will need to renew your membership to continue accessing the course materials. Ramsey Solutions often sends renewal reminders and may offer discounted rates for renewing members.

10. Is Financial Peace University Religious?

Financial Peace University is not overtly religious, but it is based on biblical principles of stewardship and financial responsibility. Ramsey often references biblical teachings on money management. If you are uncomfortable with faith-based perspectives, you may want to consider this before enrolling. However, the core financial principles are applicable to people of all faiths and backgrounds.

11. What’s the Difference Between Financial Peace University and other Financial Courses?

Financial Peace University distinguishes itself through its focus on debt elimination, the Baby Steps, and Ramsey’s straightforward, no-nonsense approach. Unlike some other courses that focus on investment strategies, FPU emphasizes building a solid financial foundation by paying off debt and saving an emergency fund before investing. The community aspect and Dave Ramsey’s personality also contribute to its unique appeal.

12. Can I Gift a Financial Peace University Membership?

Yes, gifting a Financial Peace University membership is a thoughtful and practical gift that can help someone transform their financial life. Check the Ramsey Solutions website for gift options and instructions on how to purchase a membership for someone else. This can be a particularly valuable gift for newlyweds, young adults starting their careers, or anyone struggling with debt.

In conclusion, the cost of Financial Peace University is an investment in your financial future, providing access to valuable resources, a supportive community, and a proven roadmap to financial freedom. While free resources are available, the structured learning environment and comprehensive tools offered by FPU can make a significant difference in your journey toward financial peace. Evaluate your needs, consider the potential benefits, and decide if FPU is the right fit for you.