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November 15, 2017  

Why GIVING is so important

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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

Seeking Godly Counsel

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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

The trade off between Energy, Time and Money

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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?

Navigating Your Finances God’s Way

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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  

8 Middle Class Money Mistakes

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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 11, 2017  

How Much Debt is Too Much?

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Do you get a sick sinking feeling when you think about the amount of debt you have? Are you worried that you’ll never be able to dig your way out of debt? We know how that feels. We had a mortgage, LOTS of credit card debt, two car payments, and no savings.  Needless to say, our marriage was not a happy place to be.

Being in debt is like playing with matches. You know you will be able to blow the match out when the flame gets too close to your fingers, but sometimes you get burned. That’s what happens when your debt load gets overwhelming or there is an unexpected financial emergency. Sooner or later you will get burned.

Read Evelyn's Blog: How Much Debt is Too Much?

Check out our debt elimination calculators!

October 4, 2017  

Get Real About Your Finances

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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

 

September 30, 2017  

What it Takes to Get Out of Debt

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Debt is so easy to get into and so hard to get out of.  Getting into debt is like sliding down a slippery slope and getting out of debt is like trying to climb out of a hole by making your way slowly and painfully back up that same slippery slope.

My husband and I have made every financial mistake there is to make – using debt to fund a lifestyle we could not afford; spending long term savings for short term needs; starting a business with no plan on how to survive financially; not being generous in our giving.

But if we can become totally debt free, so can you!

Read Evelyn's Blog: It Takes Extraordinary Effort to Get Out of Debt

September 30, 2017  

What you need to know when buying a car

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After home mortgages, car loans are the largest debts most people have. And more than 70% of all the cars on the road are financed. Unlike a home, which usually appreciates in value, the moment you drive a car off the lot it depreciates in value. It’s worth less than you paid for it by the time you hit the first intersection.

That is why it is important to make a wise financial decision when buying a car. The worst thing you can do is to get confused between the function of a car, which is to take you from Point A to Point B, and the status of a car, which is to buy a certain make and model whether or not it's affordable.

Read Evelyn's blog: What You Need to Know if You are Buying a Car

September 30, 2017  

11 tips that will save your money

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Listen in as we talk about an article from The Penny Hoarder titled 11 Simple Money Moves You Should Make This Week.

They prefaced this article with the fact that some of the recommended links are paid for by their sponsors. Any time you are online, it’s important to understand where the info is coming from and be wary if some of it is recommended by paid advertisers.

With the disclosure out of the way, we cover all 11 recommendations, some of which are great ideas, such as: create a separate savings account; sell stuff you don’t use; pay off your debt; and keep up to date on your credit score. However, some of their ideas we do not agree with: use a robo-advisor for your investments; maximize credit card usage to gain points; start a passive income stream by using certain websites; and get a consolidation loan to pay off debt.

When considering online advice be careful! Some of their ideas are valid and we highly recommend them.  Other ideas could get you into a lot of trouble!