Change Maker by Compass Catholic Ministries

I"m Going Back to Work, Now What?

Finally, we are beginning to recover from all the shutdowns that began in February and got worse in March and April and people are going back to work.  When you get back to your job, it’s also the time to get back to your new financial normal.

Create a budget, and use that to create a crisis budget.  Build up your emergency fund and start digging out of any debt you incurred.  It will be a long hard road, but starting now will put you in a better position if there is another emergency around the corner.

The Compass Blog has more on how to get back to some sense of financial normal.

Money Stories: Money and Multiples with Lauren Faul

Lauren and her husband have been blessed with five children including triplet boys. With five children under four years of age, Lauren learned many lessons about prioritizing and the logistics involved with having a large family. She shares those lessons and explains how she and her husband decided to make a career change to benefit their large family.

For more information about Compass Catholic, please visit www.CompassCatholic.org.

Retiring During a Recession

Planning retirement while there is a recession can be tricky.  Start by looking at your current monthly expenses. Exclude expenses related to work and include new expenses related to retirement.  Subtract the monthly expenses from your monthly retirement income.

If your expenses are more than your income, how much do you need to withdraw from savings each month and how long will your savings last?

Doing these calculations before you retire will either bring you peace of mind or the realization that retirement needs to be delayed.

The Compass Blog has more on details to consider if you are retiring during a down market.

Money Stories: Faith and Finances with Allison Gingras

Allison Gingras shares the story about her financial journey. Allison realized the extent of her debt when the bank refused to extend her any more credit. Around the same time, she met the co-founders of Compass Catholic Ministries, Jon and Evelyn Bean. They presented her with the opportunity to participate in a Compass Catholic Bible study, which she now credits for her much of her family's financial wellness. It hasn't always been easy but now Allison can use her family's financial journey to glorify God. 

Learn more at the Compass Catholic website.

Life After the Pandemic

How has your life changed for the better since the pandemic? Have you looked for the good in the stay at home orders and the chance to stop the crazy busyness that pervaded our pre-pandemic normal?

While this situation wasn’t something anyone wanted, there is always some sort of good that comes out of any situation.  Maybe now is the time to think about the good and say a little prayer of thanksgiving for whatever bright spots you can find.

The Compass Blog has more on some of the positives that will come from our new normal.

Create, Update and Organize Your Important Information

If you are like most people, your important information is scattered all over the place. It may be in a file drawer, on your desk, in your computer or on your phone.  What would happen if you were incapacitated and your family or caretakers needed to handle your affairs? Would they know where the important information in located and how to use it? Join us to hear what you need to get organized.

The Compass Blog has more on creating, updating, and organizing all that information so your family knows where it is and can use it if needed.

Money Stories: Pursuing Financial Independence with Brent and Amy Jones

You may have heard of the FIRE Movement either on social media or in the news. FIRE stands for Financial Independence, Retire Early. Brent and Amy Jones are a young couple with young children. In this episode of Money Stories, Brent and Amy talk about their pursuit of financial independence and how they balance their family's needs, generosity, and their financial goals.

Visit CompassCatholic.org for more information about Compass Catholic and our many offerings.

Music Credit:Happy by MusicbyAden https://soundcloud.com/musicbyaden Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/happy-musicbyaden Music promoted by Audio Library https://youtu.be/IOtFV3u_g5E

 

The Stock Market - A Godly Perspective

Watching the stock market going up and down can cause stress, tension and anxiety.  Yet there is nothing we can do about it.  And you haven’t really lost any money until you pull the money out of the market. Until then, it’s just a number on paper.

Instead of stressing over what you can’t control, try meditating on 1 Timothy 6:7-8, “For we brought nothing into the world, just as we shall not be able to take anything out of it. If we have food and clothing, we shall be content with that.”

The Compass Blog has more on putting the stock market gyrations into perspective.

Challenge Your Expenses

It is easy to get into a spending rut and not pay attention to where the money is going. But those assumptive spending habits can be wasting your hard earned cash.

Look at both the big things and the small things you buy on a regular basis in order to challenge each and every expense to see what can be eliminated.

The Compass Catholic blog has more on which expenses to challenge. Your bank account will thank you!

Money Stories: Raising a Large Family with Danielle Bean

Danielle Bean is a wife, mom of eight, author, speaker, and host of Girlfriends podcast. In this episode of Money Stories, Danielle shares how she and her husband financially navigate having a large family while teaching their children about stewardship.

CompassCatholic.org

Music Credit:
Happy by MusicbyAden https://soundcloud.com/musicbyaden Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/happy-musicbyaden Music promoted by Audio Library https://youtu.be/IOtFV3u_g5E