Compass Catholic

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July 17, 2019  

Getting Into a Cost Cutting Mindset

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.

July 10, 2019  

Debt Payoff Plans

Paying off debt is a lot like losing weight. There are fad diets that may help you lose weight quickly, but some on those diets may not be very healthy. It takes a lifestyle and mindset change along with discipline to keep the weight off.

In the same way, paying off debt takes a lifestyle and mindset change along with discipline in order to manage your spending and concentrate on paying off debt. But some of the ways to pay off debt may not be financially healthy.

Join us here and on our blog for things to think about when planning a debt pay off plan.

July 3, 2019  

10 Easy Steps to Improve Your Monthly Finances

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 our blog to learn more about ways to start improving your monthly budget today.

June 5, 2019  

Master Your Money

A large part of mastering your money is based on giving it place in your life it deserves, and it’s not first place. Everything in our culture influences us to 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.

May 29, 2019  

Learning to be Content

Scientific evidence suggests that being content may have major benefits for your health. For starters, it helps combat stress, boosts your immune system, protects your heart and reduces pain.  What's more, it may even increase your life expectancy.

What does it mean to be a contented person? Happiness is a temporary "high,"whereas contentment is a longer lasting, deeper feeling of satisfaction and gratitude for everything in your life.

Read the Compass blog for more on learning to be content.

May 22, 2019  

Heal Financial Infidelity

Marriage is a joint venture in all areas, even when it comes to money. When you get married, you don’t vow to share all financial aspects of your life with your spouse—but maybe you should.  Nothing will ruin a marriage faster than hiding financial details from each other. Our podcast suggests ways to break down those financial walls that are separating you from each other.

Also check out our blog for more ways to share your finances with your spouse.

May 8, 2019  

The Benefits of Using a Financial Planner - Part 1

If you don’t have the knowledge and skill set, do-it-yourself financial planning can turn into a huge disaster. It’s hard to make objective financial decisions when you are emotionally involved with the outcome. Join us for a discussion about why using a financial planner will benefit you in the long term. We will also share the questions to ask a financial planner before you decide to work with them.

The Compass Catholic Blog has more on this topic.

April 10, 2019  

Don’t Take Out a Loan For Vacation

Vacations are great—they allow us to unplug from daily chores, work and responsibilities.  We can spend time with family in a relaxed and unhurried way. We can explore places we haven’t been and just chill out.

The best way to plan for your vacation is to figure out a way to pay cash. That may mean your vacation is less than glamourous, but paying cash means no stack of vacation bills when you get back home.

Taking a vacation in 2019 and paying for it in 2022 may not be in your best financial interest. Set your financial goals for vacation and get the family involved. Teach your children how be set goals and work to achieve them.

That will allow you to return home stress and stay stress free with no looming mountain of debt. Keep that vacation feeling long after you get home!

Check out our blog for more on vacation planning

April 3, 2019  

5 Ways to Give Yourself a Raise - Compass

Once we establish a spending habit, it’s hard to break. But stepping back and analyzing these five areas may put more money into your bank account each time you get paid.

Are you loaning the government money each month? Maybe it’s time to review that W4 form.

Have you had the same car insurance company for ages? Maybe it’s time to do some comparison shopping.

Is your credit report accurate? Maybe you should review your credit report to ensure there are no errors so you get the lowest rates possible on loans.

Are you using life insurance as a saving vehicle? Maybe it’s time to look at how much insurance you really need and get it the least expensive way.

Is money you need now mixed in with money you don’t need until months from now? Maybe it’s time to think about a separate bank account for longer term spending.

Check out out blog for more on this topic.

March 27, 2019  

Should I buy or lease a car?

That new car smell is great, but leasing one car after another means spending more money in the long run. Buying a car means you have an asset (even though it is a depreciating asset.) When you lease a car, you have nothing at the end of the lease - no transportation, nothing to trade in or sell.

It is hard to compare leasing versus buying head-to-head because they are so different and each is based on different parameters. Join us for more on why leasing may not be good for you. Our recommendation is to buy a certified used car and drive it till the wheels come off.

Check out the Compass Catholic blog for more