Lesson 01

Video §

• 1 Hour

Checklist §

• Instruct everyone to turn to page 15 in their Member Workbook
• Take attendance and watch the video
• Look for your coordinator cue before the One-Minute Takeaway to get ready for the Activity

The Budget §

• Budgeting is a foundation of this course
• A budget is simply a plan for your money
• A zero-based budget means that your income minus your expenses equals zero
• In the Budget Committee Meeting , you’ll meet with your spouse to review next month’s budget.
  • Nerd - enjoys doing the budget
  • Free Spirit - feels controlled by the budget

EveryDollar app §

• A tool created by Ramsey+ that will help you create and manage your budget
  • You get the Premium version free as part of your Ramsey+ membership
    • The Premium version connects to your bank account so you don’t have to enter every transaction manually.

Notes §

• Baby Step 1 is saving $1,000 for your starter emergency fund.
• An emergency is going to happen, so you have to be ready when it hits

Activities §

• Nerd & Free Spirit Quiz (4 minutes)
• Budget Committee Rules (1 minute)
• Quick-Start Budget (7 minutes)

Wrap Up §

• Encourage them to bring their budget to the next lesson
  • CREATE A BUDGET WITH EVERYDOLLAR
• Married couples, don’t forget the Budget Committee Meeting. And singles, show your budget to your accountability partner
• SAVE MONEY IN BABY STEP 1
• Verify that everyone is registered for your class
• COMPLETE YOUR FINANCIAL SNAPSHOT