Compass Catholic

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February 28, 2018  

What do people want from their financial lives

A recent article in USA Today by Peter Dunn said that what most people want in their financial life is self-control. While we agree with some things he said, we think he stopped one step short of the ultimate goal. Self-control leads to the ultimate goal which is contentment. Learning self-control is a step in being content. And when you become content it does not matter if you have a little or a lot, you are content knowing that you are just where the Lord wants you.

Check out our blog for more.

February 21, 2018  

How do You Know if Your Spending is out of Control

Just like those extra pounds seem to pile on, we can slowly develop habits that lead to out of control spending. How do you know if you are in that situation? Listen in and see if any of these clues apply to you:

  • You buy something just because it’s on sale
  • You have to buy the newest thing just because it’s NEW
  • You waste money on unnecessary fees
  • You eat at a restaurant more than you eat at home
  • You don’t take advantage of loyalty programs where you spend the most money.

Check out our blog for more!

February 14, 2018  

Tax Planning - it’s about seeing more money in your paycheck

It’s tax time, and here are some tips to reduce your tax burden:

  • Decide whether to use the standard deductions or itemize your deductions
  • If you itemize, track expenses that are deductible throughout the year.
  • Take advantage of mortgage interest deductions
  • Google W4 withholding calculators to determine if you need to adjust the number of deductions you are taking on your W4 form
  • Boost your retirement savings and reduce your taxes
  • Take advantage of employer programs for your health care flex spending and child care costs.

Your goal is to be tax neutral–not paying too much at tax time and not using your income taxes as an interest free loan to the government.

To learn more, connect with us via the Compass Catholic Blog.

February 7, 2018  

The Christmas bills have arrived, now what?

Shopping for Christmas can be a lot of fun. But when the bills arrive in January, it’s not so much fun. Listen in and visit the Compass Catholic blog for some ideas about how to get those bills paid off.