Compass Catholic

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March 27, 2019  

Should I buy or lease a car?

That new car smell is great, but leasing one car after another means spending more money in the long run. Buying a car means you have an asset (even though it is a depreciating asset.) When you lease a car, you have nothing at the end of the lease - no transportation, nothing to trade in or sell.

It is hard to compare leasing versus buying head-to-head because they are so different and each is based on different parameters. Join us for more on why leasing may not be good for you. Our recommendation is to buy a certified used car and drive it till the wheels come off.

Check out the Compass Catholic blog for more

March 20, 2019  

I’m Dead, Now What? (What your family needs to know)

We rarely think about the end of life issues or what would happen if we became incapacitated due to illness or accident. What a blessing it would be to your family in this situation if all the important information they would need was up to date, organized and easy to locate. 

Check out the Compass Catholic Bible study, Set Your House in Order. It’s a 5-week small group study which walks you through the process of getting all your important information created, updated and organized. There is no better gift you can give your family.

Our blog has more on this topic.

March 13, 2019  

Don’t Retire - Rewire

When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment by planning well in the following areas:

  • Talk to your spouse to develop a joint plan for retirement.
  • Use a budget before retiring to manage your income and spending in retirement.
  • Ditch the debt so you can be debt free when you retire.
  • Find a passion to use your talents and skills in serving others.

Retirement can be the most fulfilling time of your life if you plan to make it so.

The Compass Catholic blog has more thoughts on retiring well.

Check out our retirement calculators as part of your planning process.

March 6, 2019  

What is Your Definition of Financial Success?

We would all be a lot happier if we defined financial success based on our own life, resources, capabilities and progress. Judging your circumstances against other people can be disheartening. All God is calling you to do is be a faithful steward of the blessings he has given to you, with no regard to what the next person is doing

The Compass Catholic blog has more on defining financial success for yourself.

Based on a listener's question, here are the percentage guidelines for various budget categories. The link will download a spreadsheet to your computer. Use this as a starting point and customize it to fit your life.