November 7, 2018
As a church, we need to teach people that their faith and their finances go hand in hand towards having a stronger marriage. Unfortunately, most married couples learn about finances through Trial & Terror, which mean years of conflict, pain and arguing about money.
This week the Compass Catholic blog has more on how to tackle the money monster in marriage.
October 31, 2018
Avoid paying interest, don’t buy things you don’t need, and above all else, don’t get caught up in trying to live someone else’s lifestyle. These are all things frugal people do to avoid wasting money.
Read the Compass Catholic blog for more on how to save money by being conscious of the things you should never do.
October 17, 2018
A cheap person will invest a lot of time and energy in order to save a dollar or two, but the time and effort they spend may not be worth the money they saved.
A frugal person saves money in a balanced way by thinking about how saving money impacts other areas of their life. Saving money is good, as long as it is done in a balanced way so you can enjoy life and recognize the tradeoffs you are making.
This week’s podcast and the Compass Catholic blog point out the differences between cheap and frugal.
October 10, 2018
Social security is only supposed to supplement your retirement income. It is not designed to provide your entire retirement income, so you need to save for retirement in a big way.
It’s up to each one of us to stop relying on the government to take care of us in retirement.
Join us for a discussion about Social Security and read the Compass Catholic blog for more about how secure Social Security really is.
October 3, 2018
If you are experiencing financial challenges, you’re not alone. Consumer debt is at an all-time high. Credit cards, school loans, car loans, and medical bills can all pile up quickly. Whether your debt is the result of an illness, unemployment, or simply overspending, it can seem impossible to manage.
Join us for a discussion about how to tackle that mountain of debt and check out the Compass Catholic blog for more on avoiding a financial disaster.
September 12, 2018
You may think that keeping your mortgage for the tax benefits is a good idea, but the money you get in tax benefits comes nowhere near covering the amount of money you pay in interest. To pay off the mortgage early, try making one extra payment each year or each quarter. You can also try making bi-weekly payments (if your mortgage company will accept them). Another way to pay off the mortgage early is to funnel any windfalls to the mortgage (bonus, tax return, inheritance, etc.)
If you make anything other than the normal payment at the normal time, be sure to check with your mortgage company to be sure you understand how they will handle additional payments and how you designate the extra money you are paying. Once that is set, check your monthly statement to be sure your extra payment has been applied appropriately.
Join the Compass Catholic blog for more on getting rid of your mortgage.