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July 29, 2020  

Learning to be Content

We aren’t born being content and it seems that our culture tries to make us more and more discontent as we grow older. How many commercials are disguised as TV shows and movies targeting the youngsters in our life to get the stuff they are selling? And keeping up with the neighbors can be a lifetime pursuit for some adults.

 

Learning the secret of contentment can free you from all the pressure to spend money in an effort to acquire more and more stuff. Being content is a conscious learned habit!

 

The Compass Catholic Blog has more on learning the virtue of contentment.

July 22, 2020  

8 Steps to Get Out of Debt

Getting out of debt can be challenging, especially if you don’t know where to start or what to do first. Get started by using our tips for eight steps to get out of debt.

 

It can be a long-term goal and it is not easy, but the effort and time is well worth the blessing that comes from being debt free.

 

The Compass Catholic blog has more ideas about taking the first step in freeing yourself from the bondage of debt.

July 15, 2020  

I’m Retiring - WHAT NOW?

Differences of opinion in a marriage are healthy if you can find a compromise that works for both of you. Being on the same page is important in all areas, especially as you plan for retirement.

Maybe one of you wants to move closer to the grandkids and the other wants to move to a deserted tropical island. Where you’ll live and what you plan to do is a conversation that needs to start long before that last day at work.

The Compass Catholic blog has more ideas about planning for a happy, productive retirement.

July 10, 2020  

The Effect of Student Loan Debt on Vocations, Part 3, with John Flanagan from The Laboure Society

In this week’s episode, Diana and Caitlyn speak with John Flanagan from the Laboure Society. John is the executive director of the Laboure Society which is a nonprofit organization that aims to help aspirants tackle their student debt load so they can discern their potential calling. John talks about the method Laboure has implemented that is Canon Law and IRS compliant. The Laboure method was also designed to grow a community of stewardship and ownership of our calling as laity to support vocations.

 

Links from this week’s episode:

The Laboure Society

https://rescuevocations.org

To Donate to the Laboure Society

https://rescuevocations.org/give/

 

Equifax article about the FICO Resilience Index

https://www.equifax.com/business/fico-resilience-index/

 

Compass Catholic Ministries

https://compasscatholic.org

July 8, 2020  

Cut Your Monthly Bills but do the Math First!

The internet will give you millions of ideas about how to cut your monthly bills.  Some of them may be good, others may not be. The only way to determine if these ideas will benefit you is to do the math and compare what you are currently spending versus what you’ll spend by making changes.

The Compass Catholic blog has more ideas about cutting monthly bills.

July 3, 2020  

The Effect of Student Loan Debt on Vocations Part 2 with Anne Folan

In the last episode of Money Stories, Anne Folan spoke about the toll student loan debt is taking on vocations. In this episode, Anne is back to discuss what the Mater Ecclesiae Fund for Vocations is doing to help this problem. The Fund for Vocations process is intricately designed with a purpose. Not only is the Fund for Vocations IRS compliant, it has to be Canon law compliant as well.

To recap from last week's episode, 45 million Americans owe student loan debt, collectively owing more than $1.5 trillion dollars. Two out of every three college graduates will graduate with a student debt load averaging over $30,000. For individuals discerning a call to religious life, student loan debt can create a tremendous obstacle they didn't consider when pursuing their college degrees because religious communities usually don't allow a person with unresolved debts to enter

To make a donation to the Fund for Vocations, please visit https://fundforvocations.org/donate-today/

To learn more about Compass Catholic Ministries, please visit https://CompassCatholic.org.

 

 

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July 1, 2020  

Time for a Financial Health Checkup

We are midway through a tumultuous financial year and it’s time to revisit your current financial situation and define what’s going to change or remain the same in 2020. This year, more than ever it’s imperative to stay on top of your financial situation.

The Compass Money Map is a great place to start and the Compass blog has more about a financial health checkup.