February 17, 2020
The WealthSimple.com website features interesting people telling their financial life stories in their own words.
While many of the stories are uplifting as people have gotten their finances straightened out, many of the stories are so sad as the people have gotten themselves in to terrible financial situations.
This is the story of one couple who did just about everything wrong in their finances. AND they continue to make the same mistakes.
Here’s their story and suggestions about how we at Compass Catholic can help people recover from these same mistakes.
January 1, 2020
We all have a tendency to think that SOMEDAY we will be happy, content and financially stable. But if we don’t start today, we’ll never get there.
Join us for 10 easy steps you can take today to improve your monthly finances: track your spending; review monthly payments; determine if you still need to pay PMI on your mortgage; earn more; review insurance; discern wants vs needs; question every purchase; set spending priorities; stop shopping as entertainment; quit comparing yourself with others.
Listen in and check out the Compass Catholic blog to learn more about ways to start improving your monthly budget today.
December 25, 2019
Saving money means paying attention to both large and small opportunities. Large opportunities to save may be a bonus, refund, raise or inheritance. Small opportunities to save means paying attention to the many ways you may be wasting money on the everyday items you purchase.
The Compass Catholic blog has more on money saving ideas.
December 18, 2019
Financial advice comes in so many shapes and sizes that it can be overwhelming. The simplest way to get control of your finances is to spend less than you make. It’s that simple!
Consistently spending less than you earn will ensure your financial success a lot faster than any other financial advice you can get.
The Compass Catholic blog has more ideas about keeping it simple!
November 27, 2019
Do you think that more is better, especially when it comes to money? Yes, more money may ease the financial pressure for a while, but it will never provide lasting happiness.
Master your money by learning to be a good steward of God’s many blessings, including the way you give, save and spend.
Read the Compass blog to learn more about how to master your money.
November 20, 2019
The advertising industry was created to make you discontent so you will want to buy whatever they are selling. Ads encourage you to focus so hard on what you want and what you DON’T have, that you often fail to appreciate what you DO have.
Develop an attitude of gratitude by learning the virtue of contentment. It all starts with recognizing the blessings we already have and being thankful for them. Join us as we share ideas for appreciating what we have and learning to be content.
The Compass Catholic blog has more ideas about ways to be content and grateful for the blessings God has given you.
October 23, 2019
There is a difference between being cheap or being frugal. Cheap means using price as the only criteria for making purchases. Frugal means not spending more than you need to and knowing the price vs the cost of use.
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 save.
A frugal person saves money in a balanced way by considering the impacts of money saving ideas on 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 16, 2019
We are in the middle of an economic expansion and the unemployment rate is at a 50 year low. But change is inevitable and at some point there will be a recession. Are you prepared to weather an upcoming economic storm?
A recession may be months or even years away so the best time to prepare is now. Join us for some ideas about how to get ready.
The Compass Catholic blog has more about preparing for the next recession.
September 18, 2019
Christmas can be a time of discontent as we try to keep up with what everyone around us is doing or expects us to do. If Christmas exhausts you financially, physically, emotionally and spiritually, learn the virtue of contentment from Philippians 4:11-13.
If spending less, buying fewer gifts and cutting back on activities will help you be content instead of exhausted at Christmas – go for it! Christmas only comes once a year, so do more of what makes you and the rest of your immediate family happy and less of what causes stress and discontent.
Check out the Compass Catholic blog for more on being content at Christmas.
July 17, 2019
We can get so used to doing things in the same old ways that’s hard to make a change. Any change can be difficult, but if you are successful with small changes, they can help you to succeed with large changes. Taking time to make small mindset changes can lead you to a path of financial freedom, just by concentrating on doing things differently and thinking about things differently.
Tune in for suggested mindset changes that can help you on the path to those significant changes. The Compass Catholic blog has more on this idea.