Compass Catholic

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May 15, 2019  

The Benefits of Using a Financial Planner - Part 2

John Kennedy, CFP and fiduciary, offers advice on saving for retirement. Check out this link and look at page 13 for the intersection of your age and salary. Multiply your salary by the number in the intersection to see how much you should have saved for retirement at your current age.

John also comments on his personal experience with the Compass Catholic Navigating Your Finances God’s Wayand Set Your House in OrderBible studies. Not only did it help him in his financial planner role, it also helped him and his wife communicate about their personal finances.

Read the Compass Catholic Blog for more benefits of using a financial planner.

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 24, 2019  

5 tips for first time home buyers

Buying a home can be one of the best or worst things you’ll do financially. Plan ahead to make it your very best decision!

In addition to the mortgage, home ownership comes with many related costs, such as the down payment, closing costs, upkeep and maintenance. You also need to think about what you’ll need when you move in. Going from an apartment to a home may mean you’ll have to buy a lawnmower, tools, furniture, window coverings and other items that you never needed in an apartment.

One mistake we have seen people make is buying too much house. Do you really need the five bedroom house and all the related costs that come with it?

The other mistake is not getting a home inspection done by a licensed professional.  Any home (even a new one) has a potential for problems. An inspection is one way to mitigate huge issues that can’t be seen with the naked eye.

Take your time and make a wise, practical financial decision and home ownership will provide many blessings.

The Compass Catholic blog has more on buying your first home.

March 20, 2019  

I’m Dead, Now What? (What your family needs to know)

We rarely think about the end of life issues or what would happen if we became incapacitated due to illness or accident. What a blessing it would be to your family in this situation if all the important information they would need was up to date, organized and easy to locate. 

Check out the Compass Catholic Bible study, Set Your House in Order. It’s a 5-week small group study which walks you through the process of getting all your important information created, updated and organized. There is no better gift you can give your family.

Our blog has more on this topic.