Compass Catholic

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March 28, 2018  

How to Safeguard a Senior’s Finances

Whether you are a senior citizen or trying to help one, there are all kinds of financial agreements that may take advantage of vulnerable, trusting seniors. The most likely are reverse mortgages, no interest loans and unauthorized charges.

The Consumer Financial Protection Bureau (CFPB) provides resources for older adults as well as their care givers (Managing Someone Else’s Money).

Listen in and check out our blog to learn more about how you can help seniors avoid financial situations that are not in their best interest.

March 21, 2018  

What is Socially Responsible Investing?

Have you ever considered socially responsible investing which balances a high return with investing in companies and businesses whose products and services are aligned with our Catholic faith?

The reason we invest and save is to maximize our return on the investments we make.  But we can unknowingly invest in companies that harm our society, and which are contrary to our faith.

Listen in and check out our blog to learn more!

March 14, 2018  

What is a CRISIS BUDGET and When do I Use it?

Planning for the unplanned financial crisis will help you survive economic setbacks with minimum impact to your financial stability. Here’s how:

  • Use a budget and know how much you are spending on a monthly basis.
  • Think about the most likely financial crisis that may occur.
  • Update your monthly budget to reflect the most likely loss of income or increased expenses.
  • Try living on the crisis budget for a month.
  • Implement the crisis budget immediately if there is even a hint of the crisis becoming a reality.

Listen in and check out our blog to learn more!

March 7, 2018  

Why you should be checking your credit report and score

Staying on top of your credit report and credit score means you are monitoring your financial health.  Here are some tips:

  • A bad credit score means you’ll pay higher interest rates
  • Your credit report and credit score are different
  • You should monitor your credit report on a regular basis for errors
  • There are several free ways to get your credit score through identity monitoring agencies, banks or credit card companies
  • You can improve your credit score by paying attention to how it is calculated.

Listen in and check out our blog to learn more!