Compass Catholic

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February 17, 2020  

Lessons from a Financial Train Wreck

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 15, 2020  

Your Financial Health Checkup

Is your financial vision 2020? You’ll never know unless you do the financial version of an eye test by performing a financial health checkup.  Figure out your current financial situation and define what’s going to change or remain the same in 2020. Match that against your short, mid and long term goals to see what you need to modify to improve your financial vision.

The Compass Money Map is a great place to start and the Compass blog has more about a financial health checkup.

January 8, 2020  

2020 Financial Checklist (encore presentation)

Join us for a discussion with one of our favorite financial planners, John Kennedy of Candor Path Financial Services. John will share ideas with us about how to get your finances in shape for 2020.

The Compass Catholic blog has more ideas for you to consider.

January 1, 2020  

Improve Your Monthly Finances in 10 Easy Steps

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 11, 2019  

Your 2020 Financial Checklist

Join us for a discussion with one of our favorite financial planners, John Kennedy of Candor Path Financial Services. John will share ideas with us about how to get your finances in shape for 2020.

The Compass Catholic blog has more ideas for you to consider.

November 13, 2019  

10 Questions to Ask Your Parents

 

Do you know where your parents keep all the information you would need in case of an emergency? Here are 10 questions to ask your parents just in case you (or other family members) ever need it:

  1. Where do you keep your important information, in case I need to find it in an emergency?
  2. Where can I find a list of your key contacts?
  3. How are your accounts registered?
  4. Do you have an up to date will?
  5. Have you Designated a Power of Attorney?
  6. Do you have a Health Care Proxy?
  7. Do you have a living will or an advance health care directive?
  8. How can I access your electronic assets in an emergency?
  9. How do you want to disposition your personal Items?
  10. Have you documented your final wishes?

The Compass Catholic blog has more details about what to ask and why it’s so important to know where this information is kept.

October 30, 2019  

8 Important Money Decisions for Every Marriage

Join us for eight important money decisions every couple should make.

Money can be one of the hot button areas of a marriage. People bring into their marriage all the assumptions and experiences of their families in the way they use and manage money. Each spouse was raised in a different environment, so no two people come into a marriage thinking exactly the same way as their spouse on any issue, most especially money.

It is important to set some ground rules for money in your marriage, whether you have celebrated many anniversaries or are a newly wed.

The Compass Catholic blog has more info on these decisions.

October 16, 2019  

Are You Prepared for the Next Recession

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.

October 9, 2019  

The Spiritual Impact of Debt

It is so easy to separate our faith from our finances and think of them as two entirely separate unrelated things. But often times when we get into debt there is a spiritual void we are trying to fill by buying things we can’t afford.

Financial challenges can be a hidden monster in many families and marriages. By shining the light of faith into that dark corner, we can tackle and tame the debt monster and learn that every area of our life, including how we handle money, has a spiritual impact.

The Compass Catholic blog has more about the spiritual impact of debt.

October 2, 2019  

Are You Headed for a Financial Disaster?

We have so many people come to us who are on the brink of disaster. Maybe they have missed several payments on the mortgage, their credit card bills are past due or they haven’t opened their mail for months.

These problems don’t happen overnight—they creep up gradually. If you are in a situation where your finances feel slightly out of control. The best thing you can do is get them under control before they spin into a full blown disaster.

For additional ideas about avoiding financial disaster, check out the Compass Catholic blog.