January 29, 2020
The failure rate for keeping new year resolutions is 80%. What seems like a good idea at the time can turn into drudgery if you don’t have a solid plan in place for how to actually keep the resolutions you make—whether you make them at the beginning of the year or the middle of July.
Here are 7 Steps to help you keep those resolutions:
- Make one or two resolutions, not more
- Define the reason you want to make the change
- Make sure your resolution is achievable
- Make your resolution part of a long term goal
- Make the resolution very specific
- Automate as much as you can
- Check you progress regularly
The Compass Catholic blog has more details about the above suggestions for actually making the change you want in your life.
December 11, 2019
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.
December 4, 2019
Financial planning can be difficult if you don’t have the knowledge and skill set to do it well. Making informed objective decisions is hard to do 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 and how to find a financial planner who is a good fit for you.
The Compass Catholic Blog has more on this topic.
November 13, 2019
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:
- Where do you keep your important information, in case I need to find it in an emergency?
- Where can I find a list of your key contacts?
- How are your accounts registered?
- Do you have an up to date will?
- Have you Designated a Power of Attorney?
- Do you have a Health Care Proxy?
- Do you have a living will or an advance health care directive?
- How can I access your electronic assets in an emergency?
- How do you want to disposition your personal Items?
- 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
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 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 9, 2019
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
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.
September 25, 2019
Have you ever gotten a phone call from your own phone number? There are any number of ways people hide their true identity in an effort to scam you. They may want your money or your personal information but they are persistent in trying to get you to give them what they want.
We have suggestions for how to avoid being scammed by being smart about who you talk to, what information you share, and how you can protect the information the scammers want the most.
The Compass Catholic blog has additional ideas about avoiding scams.
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.