Now is the time to look at your 2017 financial plan and update it for 2018. If you don’t have a financial plan or aren’t sure where to start, this podcast is for you. To learn more, connect with us via the Compass Catholic ministries website and read the related blog.
Even if they regularly attend Mass, most Catholics don’t fully recognize all that God has to say about money and possessions. Everything we need to know about how to spend, save, give and manage money can be found in over 2,500 verses in the Bible. Discover true financial freedom!
Saving and investing are similar but different. Everybody should be saving AND investing no matter what your income level. Saving helps you build an emergency fund for those unexpected expenses and meet short term goals. Investing helps you work toward long term future goals, such as funding a college account for your children or having enough money to retire.
Both are necessary for a well-balanced financial future.
Read Evelyn’s blog Saving Versus Investing on the Compass Catholic website.
There aren’t too many ways to get your money under control. It all boils down to keeping track of what you spend, spending less than you earn, having an emergency fund, and finding ways to economize.
Even though getting your finances under control is simple, it’s not easy. It takes discipline, hard work and commitment. You may dream about being debt free, but what are you doing today to make that dream a reality? If you make progress every day, those dreams will come true.
To help you manage finances from a faith perspective, you can access the eBook version of Your Money Counts for free and it will help you focus on what is truly important. For more information, call us at 844-447-6263 or fill out the contact form on the Compass Catholic website.
Read Evelyn's Blog for more on this topic: Dreaming and Doing are Two Different Things
The God Marriage & Money book from Compass Catholic is specifically designed for couples who are engaged to be married. Most engaged couples spend more time discussing the flavor of their wedding cake than talking about their finances. Yet finances are something you’ll deal with every day of your married lives, and financial differences are one of the leading causes of divorce.
This book has everything you need to have an open and honest discussion about finances before the wedding! God Marriage & Money is available in both hardcopy and eBook formats. This is a perfect resource if you (or a friend or family member) is engaged or newly married.
Read Evelyn’s Blog: God Marriage & Money.
When it comes to your personal finances, have you been totally honest with yourself or are you fooling yourself by confusing needs and wants? Do you think more money will make you happy? Have you convinced yourself that you don’t make enough to give or save?
All of these little lies you tell yourself can justify handling money in a way that does not honor God.
Read Evelyn’s Blog: Are You Being Honest With Yourself? To learn more about how you may be hiding money problems.
Before you drive yourself crazy with Christmas spending, it’s time make a financial plan for the season so you can stay out of debt.
Take some time before your spending spree starts to go through the following steps and keep some sense of sanity in Christmas spending this year. You will thank yourself when the bills start arriving in January
Read Evelyn's blog: Avoid Holiday Spending Stress for ways to avoid holiday spending stress and learn more about the resources available from Compass Catholic Ministries.
Christmas should be about celebrating the birth of Christ, creating memories, and enjoying friends and family, not about creating debt. Christmas is a wonderful time of year, but it should not come at the risk of your long-term finances stability.
As you prepare for Christmas, here are some tips to avoid getting into debt that you may be paying for till next Christmas.
Read Evelyn’s Blog: Don’t go Into Debt for Christmas for more about how to avoid debt this holiday season.
If you are like most people in the US, debt is a way of life. But there comes a time when the debt gets overwhelming or you just simply get tired of wasting your hard earned money paying interest.
Things for you to think about are: good debt vs bad debt; secured and unsecured debt; using a budget; credit counseling; consolidation loans; home equity line of credit and changing your habits.
Read Evelyn’s Blog: Ditch the Debt!
Giving Tuesday is a global day of giving fueled by the power of social media and collaboration.
Celebrated on the Tuesday following Thanksgiving (in the U.S.) and the widely recognized shopping events Black Friday and Cyber Monday, #GivingTuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving.
One of the best ways to get involved is with organizations you know and trust.
The Compass Catholic blog on Giving Tuesday will share ways you can help promote the Mission of Compass Catholic Ministries.
Read Evelyn’s Blog: Giving Tuesday