Compass Catholic

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October 31, 2018  

Things Frugal People NEVER Do

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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.

August 8, 2018  

Lifestyle Inflation—How to Avoid it

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Lifestyle inflation means spending a little more than you make in an effort to keep up with neighbors, friends and relatives who seem to have more than you do.

The problem is that no material things will provide everlasting happiness and it is easy to get off track when we try to keep up with the cultural norms.

Join us for a discussion on ways to avoid life style inflation, and the Compass Catholic blog has additional information about how to spend sanely.

August 1, 2018  

Lifestyle Inflation - What is it?

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So, you got a raise!  Is it time for the bigger car, larger house, fancier vacations and more stuff for the kids? As your salary increases it’s easy to justify treating yourself and your family to nice things. You work hard. You DESERVE to have nice things. And once you get on that merry go round it’s hard to get off.

For more about Lifestyle Inflation, here’s the Compass Catholic blog.

March 7, 2018  

Why you should be checking your credit report and score

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Staying on top of your credit report and credit score means you are monitoring your financial health.  Here are some tips:

  • A bad credit score means you’ll pay higher interest rates
  • Your credit report and credit score are different
  • You should monitor your credit report on a regular basis for errors
  • There are several free ways to get your credit score through identity monitoring agencies, banks or credit card companies
  • You can improve your credit score by paying attention to how it is calculated.

Listen in and check out our blog to learn more!

September 30, 2017  

What you need to know when buying a car

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After home mortgages, car loans are the largest debts most people have. And more than 70% of all the cars on the road are financed. Unlike a home, which usually appreciates in value, the moment you drive a car off the lot it depreciates in value. It’s worth less than you paid for it by the time you hit the first intersection.

That is why it is important to make a wise financial decision when buying a car. The worst thing you can do is to get confused between the function of a car, which is to take you from Point A to Point B, and the status of a car, which is to buy a certain make and model whether or not it's affordable.

Read Evelyn's blog: What You Need to Know if You are Buying a Car