Compass Catholic

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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

To Donate to the Laboure Society


Equifax article about the FICO Resilience Index


Compass Catholic Ministries

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

To learn more about Compass Catholic Ministries, please visit



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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.

June 24, 2020  

There’s Nothing Wrong With Being Frugal

We talk about all kinds of things with our friends, but the conversations rarely focus on money and how much we earn, spend, save and give.

One money area that’s a little less than personal is ideas for being frugal. Frugal means being careful with how you manage all the blessings God has given you, including your finances. Being frugal is being a good steward.

The Compass Catholic blog has more about why being frugal is so important to your financial health.

June 10, 2020  

Stay on Top of Your Credit Report

Staying informed about your credit report and your credit score is a great way to monitor financial progress.  A low credit score or errors on your credit report can mean thousands of dollars wasted on paying higher interest rates. 

The Compass Catholic blog has more about staying on top of your credit report.

June 5, 2020  

Money Stories: Put Your Money Where Your Heart Is with Matt and Jenny Brady

Matt and Jenny Brady were a young couple with successful careers. After participating in a Bible study regarding the link between their financial behavior and their finances, Matt and Jenny made the decision to change their financial habits. By following the Compass Catholic Money Map, they paid their large student loan debt and were better equipped to live their current vocation as parents to three young children.

For more information about Compass Catholic Ministries, please visit

For the Compass Catholic Map, please visit



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June 3, 2020  

Raise Money Smart Kids

Raising money smart kids starts even before you get pregnant. Talking about all aspects of money when you are engaged includes discussions about how well you were trained by your parents to be fiscally responsible. What did your parents teach you that was valuable to you as an adult? What do you wish they had taught you? These questions lead to deep discussions between you and your future spouse on how you want to teach your children about handling money.

The Compass Catholic blog has more about raising money smart kids.

May 27, 2020  

The Spiritual Cost of Debt

Financial challenges due to debt can be a hidden monster in many families and marriages. We can tackle and tame the debt monster by learning that every area of our life, including how we handle money, has a spiritual impact.

The Compass Catholic blog has more about the spiritual cost of debt.

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