January 16, 2019
Resolutions are popular on January 1, but by now most of them have been abandoned. Join us on the Podcast for some ideas about how to set resolutions you will actually keep. The key is making them part of a large important life goal and managing the daily activities you need to accomplish so you eventually reach your life goal.
The Compass Catholic blog also has some Bible verses for you to reflect on as work on your financial resolutions.
January 9, 2019
There are three things you should do to review your 2018 finances and get prepared for 2019:
- Review your budget in 2018 and make the necessary changes for 2019. Which categories will decrease or increase in the new year?
- Review where you are on the Compass Money Map. Which destinations are complete and which still have open items?
- Calculate your Net Worth. Do you owe more than you own? Or is your net worth positive?
The Compass Catholic blog shares more about these three important steps to get ready for a successful financial year in 2019.
January 2, 2019
Financial problems can creep up slowly until they suddenly feel overwhelming. If you have an inkling that your finances are headed for trouble, address the issue as soon as possible to avoid long term financial harm. Join us here and on our blog as we talk about how to handle a looming financial issue. If you are experiencing financial challenges, you’re not alone.
December 26, 2018
How much money do you need to feel wealthy? Is money the key to a wealthy lifestyle, or is there more to it than simply accumulating more and more? Join us as we discuss a Charles Schwab survey about wealth in America. Our blog has more on the topic. Interestingly, the survey results indicate money has nothing to do with feeling wealthy.
December 5, 2018
Spending more than you make, not knowing the difference between wants and needs, using long term savings for short term purchases, not being generous, ignoring the need for retirement savings…it’s easy to convince ourselves that we are going the right thing with our finances when maybe we are just in a comfort zone.
Tune in or join us on the Compass Catholic blog to check out the ways you may be fooling yourself about your finances.
October 31, 2018
Avoid paying interest, don’t buy things you don’t need, and above all else, don’t get caught up in trying to live someone else’s lifestyle. These are all things frugal people do to avoid wasting money.
Read the Compass Catholic blog for more on how to save money by being conscious of the things you should never do.
October 10, 2018
Social security is only supposed to supplement your retirement income. It is not designed to provide your entire retirement income, so you need to save for retirement in a big way.
It’s up to each one of us to stop relying on the government to take care of us in retirement.
Join us for a discussion about Social Security and read the Compass Catholic blog for more about how secure Social Security really is.
September 26, 2018
Is there more to life than accumulating money? Join us for a discussion on a Charles Schwab survey about wealth in America. Interestingly the most common responses about what it takes for people to feel wealthy have nothing to do with money.
Read the Compass Catholic blog for more on being wealthy versus feeling wealthy.
September 5, 2018
The post millennial generation is going their own way in how they earn and spend money. Part time gigs, flexible hours and non-traditional jobs are more important that a traditional full time career. They avoid credit cards and use debit cards instead, and hopefully understand the differences. Being digitally savvy, they prefer online banking and investing but many not realize the difference between an online bank and a brick and mortar bank that is FDIC insured. Debt avoidance is good, but what happens when there is no credit history and they try to get a mortgage?
Join the Compass Catholic blog for more on Money and Gen Z.
August 29, 2018
Managing money well is not complex but it can be difficult if you aren’t paying attention to income and spending. Join us for tips on how to manage money well while you are in your 20’s. Your 50 year old self will thank you.
The Compass Catholic blog has more about millennial money management.