January 30, 2019
A 2017 study from CreditCards.com found that 74% of parents reported helping adult kids with expenses and debt. But once your child is an adult, there is a difference between lending a hand and providing them with a lifestyle they can’t afford.
For more on this topic, join us on the Compass Catholic blog if you are supporting your adult child financially.
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.
July 11, 2018
Are you just beginning to think about the future and start an investment strategy? If so, apps are a great way to start on a small and simple scale and we’ve found two apps to get you started.
The Compass Catholic blog has more about a beginning investment strategy, including what you should have in place before investing. The sooner you get started, the more your money will grow over time.
May 9, 2018
Teens are close to adulthood and the more you can teach them about being a responsible adult the better off they will be when they leave home for the first time. If they don’t know how to manage money, or the impact of running up credit card debt, or how to put money aside for an emergency, they will be financially vulnerable.
Every time mom and dad bail them out as teenagers is one more time you’ll have to bail them out when they are an adult.
We’ll share the things teens need to know about money in order to become a responsible, fully functioning adult. Also check out our blog for ideas about what to teach them before they leave home.