It's time to step into your role as a financial disciple! Compass Catholic's Change Maker Podcast provides practical tips for anyone who is struggling to live IN this world while not living OF this world. Join Caitlyn Kano, Executive Director of Compass Catholic, as she explores personal money management through a spiritual lens. We discuss personal finance topics, provide tips and practical advice and share our money stories, all from an authentically Catholic viewpoint. You don't need a high net worth to start living a rich live! To learn more about Compass Catholic Ministries, visit www.CompassCatholic.org. To be a part of this show, send an email to Podcast@CompassCatholic.org.
Episodes
Wednesday Nov 06, 2019
Wednesday Nov 06, 2019
Increases in the cost of traditional health insurance have driven many people to participate in an alternative to traditional care insurance.
Health care sharing plans are significantly different than traditional health insurance and are usually based on Christian ideals where like-minded people help each other.
If you are considering a health care sharing plan, listen to the Compass Catholic Podcast as we have a conversation with our guest, Bob, who has been using a health care sharing plan successfully (and less expensively) for years.
The Compass blog has more information and links to the major health care sharing plans.
Wednesday Oct 30, 2019
Wednesday Oct 30, 2019
Join us for eight important money decisions every couple should make.
Money can be one of the hot button areas of a marriage. People bring into their marriage all the assumptions and experiences of their families in the way they use and manage money. Each spouse was raised in a different environment, so no two people come into a marriage thinking exactly the same way as their spouse on any issue, most especially money.
It is important to set some ground rules for money in your marriage, whether you have celebrated many anniversaries or are a newly wed.
The Compass Catholic blog has more info on these decisions.
Wednesday Oct 23, 2019
Wednesday Oct 23, 2019
There is a difference between being cheap or being frugal. Cheap means using price as the only criteria for making purchases. Frugal means not spending more than you need to and knowing the price vs the cost of use.
A cheap person will invest a lot of time and energy in order to save a dollar or two, but the time and effort they spend may not be worth the money they save.
A frugal person saves money in a balanced way by considering the impacts of money saving ideas on other areas of their life. Saving money is good, as long as it is done in a balanced way so you can enjoy life and recognize the tradeoffs you are making.
This week’s podcast and the Compass Catholic blog point out the differences between cheap and frugal.
Wednesday Oct 16, 2019
Wednesday Oct 16, 2019
We are in the middle of an economic expansion and the unemployment rate is at a 50 year low. But change is inevitable and at some point there will be a recession. Are you prepared to weather an upcoming economic storm?
A recession may be months or even years away so the best time to prepare is now. Join us for some ideas about how to get ready.
The Compass Catholic blog has more about preparing for the next recession.
Wednesday Oct 09, 2019
Wednesday Oct 09, 2019
It is so easy to separate our faith from our finances and think of them as two entirely separate unrelated things. But often times when we get into debt there is a spiritual void we are trying to fill by buying things we can’t afford.
Financial challenges can be a hidden monster in many families and marriages. By shining the light of faith into that dark corner, we can tackle and tame the debt monster and learn that every area of our life, including how we handle money, has a spiritual impact.
The Compass Catholic blog has more about the spiritual impact of debt.
Wednesday Oct 02, 2019
Wednesday Oct 02, 2019
We have so many people come to us who are on the brink of disaster. Maybe they have missed several payments on the mortgage, their credit card bills are past due or they haven’t opened their mail for months.
These problems don’t happen overnight—they creep up gradually. If you are in a situation where your finances feel slightly out of control. The best thing you can do is get them under control before they spin into a full blown disaster.
For additional ideas about avoiding financial disaster, check out the Compass Catholic blog.
Wednesday Sep 11, 2019
Wednesday Sep 11, 2019
We met a mom a few weeks ago who was telling us that her son and daughter started a dog walking business when they were young. Mom and dad taught the kids how to manage money wisely, and how to save. As the kids got older they took on more responsibility for their personal finances.
Their son is now graduating from college with no student debt. His entire college experience was funded by scholarships and money he saved. Even more amazing is that he has $100K in the bank as he graduates! What a wonderful way to get a head start in life.
This week the Compass Catholic podcast has ideas about how to train your kids to be financially responsible. If you don’t teach them when they are young, they will never learn as adults. Check out our blog for more on helping your children be financially responsible.
Wednesday Sep 04, 2019
Wednesday Sep 04, 2019
Recently, we were talking to the president of a Catholic Credit Union who mentioned the term “Financial Clutter” as all those things that get people off track with their finances.
Maybe it’s doing something you should NOT be doing or maybe it’s NOT doing something you should be doing. Financial clutter is whatever gets us off track from being a good steward of God’s blessings. Join us for a lively discussion on financial clutter.
The Compass Catholic blog has more on how to find and eliminate the financial clutter in your life.
Wednesday Aug 28, 2019
Wednesday Aug 28, 2019
When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment if you plan well. Not planning for retirement may result in a dead end feeling when you no longer have a reason to get out of bed every morning.
Finding a passion to use your talents and skills in serving others can result in a fulfilling lifestyle and a feeling of accomplishment during this season of life.
The retirement years can be one third of your adult life. What are your plans for loving retirement? The Compass Catholic blog has more about planning for happy, fulfilling retirement years.
One step in planning is to be financially prepared. Check out our retirement calculators to review your financial readiness.
Wednesday Aug 21, 2019
Wednesday Aug 21, 2019
Sooner or later almost everyone faces a financial crisis. A job loss, illness, birth of a special needs child, or damage from a hurricane or winter storm can all wreak havoc on your financial stability. Plan for the unplanned by having a crisis budget. A crisis budget will help you survive economic setbacks with minimum impact to your financial stability.
This podcast shares how to create a crisis budget and when to put it into action, and be sure to check out the Compass Catholic blog on crisis budgets.