A reader of my blog helpfully suggested that I should look into Dave Ramesey's Financial Peace University. I have not been to FPU (can't afford it, HA!), but I have extensively read and familiarized myself with the books/materials Dave Ramsey has published.
Yes, it can change your life! Yes, it does help, and has helped, and continues to help.
Our lives have already been changed. So we can move on to prosperity, health and happiness, right?
Not so fast, Mister Ramsey.
A family can work the system, and really be working the system, and still have more things go wrong than the emergency fund will pay for. (So you need a bigger emergency fund, but where will you GET that bigger emergency fund if all your money is already tied up each month and your shovel just can't get any bigger, (see below). Catch 22 that I have yet to hear Dave address.)
A family can work the system, and have medical problems that are greater than the emergency fund.
A family can work the system and not have as much energy (see the medical problems point) as the next guy, and therefore not have the ability to get that job delivering Pizza. Here's how it works: Economically, a family is one unit. When one or more members of a family suffer with chronic or acute illness, the other members tend to step in and get the jobs done that the chronically ill person would have done. This ties up family resources of time and energy (and money), preventing the healthy person from doing as much as he or she would otherwise have been able to do. This holds true whether it's a child or a spouse who is ill, I think. Care-giving takes energy, time and money. I have seen this played out in more than one family unit who is dealing with on-going health issues of one or more members.
Nowhere in Dave Ramsey's materials have I ever heard him address this particular issue.
If someone knows of where Dave Ramsey talks about this, I'd dearly love to know.
If someone wants to send this blog post to Dave Ramsey, I'd love to get a phone call on the air from the man...bwahahahaha. I'm sure Google has my phone number out there for public consumption.