November 7, 2017
It is easy to talk ourselves into buying whatever we want or think we need. It is simple to justify any purchase we want to make, no matter how large or how small.
But how many times do we later regret those purchases and realize we made a mistake by spending too much money or buying the wrong thing without thinking it through.
Many financial mistakes can be avoided by seeking godly counsel before spending our hard earned money.
Read Evelyn's Blog: Seeking Godly Counsel
October 31, 2017
Energy, time and money. Sometimes you have more of one than the other. Here are some ideas to help you with the balancing act.
- Downsize the house. A smaller house means less energy and time to maintain and ALL the costs will be lower from the mortgage to the utilities.
- Make two meals at once and freeze one to save time when you are on the go, and also save a little money on the cost of the meal.
- Plan shopping around sales to save time, money and energy.
- Spot clean on a semi-regular basis to save energy and time.
- Keep an up to date grocery list so when you go to the store you know exactly what you need. You won’t waste money buying something you don’t need and you won’t waste energy and time having to go back to the store for something you forgot to buy.
Read Evelyn's Blog: The Tradeoff Between Time, Energy, and Money
QUESTION: Use our "Contct Us" form and join in, we would love to hear from you. What do you have more of – time, energy or money? How do you handle the balancing act?
October 25, 2017
Most people, religious or not, don’t fully recognize all that God has to say about how to handle money and possessions. Everything we need to know about how to spend, save, give and manage money can be found in over 2500 verses in the Bible. Discover true financial freedom!
Visit the Compass Catholic website for our latest blogs and check out the Compass Catholic Bible Studies page for more info on Navigating Your Finances God’s Way a 9-week Bible study that will help you learn how to manage your money God’s way.
Read Evelyn's Blog: Navigating Your Finances God's Way
October 16, 2017
If you were going to automatically pay an extra 15% for every item you buy, would you still buy it? Probably not. But you spend an extra 15% (or more, depending on your interest rate) when you buy items with credit cards and don’t pay the balance in full each month. If you are paying more than the price for what you buy, checkout our debt payoff calculators below.
A lot of financial mistakes can be avoided if you just stop, think and evaluate the difference between wants and needs. It’s not glamorous and it may not be fun but steady plodding keeps you on track: Proverbs 21:5, tells us, “The plans of the diligent end in profit, but those of the hasty end in loss.”
Read Evelyn's Blog: Middle Class Money Mistakes
Let Compass help you get rid of ALL OF YOUR DEBT Debt Calculators.
October 4, 2017
When we really want something, it is easy to deceive ourselves into buying it, whether we can afford it or not.
When it comes to your personal finances, have you been totally honest with yourself or are you fooling yourself by not being real? Consider the ways you can fool yourself:
- Do you acknowledge the difference between needs and wants?
- Are you yearning for a certain item because once you buy that item you will finally be happy?
- Have you convinced yourself that you don’t make enough money to save for an emergency fund or retirement?
- Are you a generous giver or do you think your salary is not big enough for you to be generous?
Any of these attitudes can justify handling money in a way that does not honor God.
Read Evelyn's Blog: Get Real About Your Finances