Compass Catholic

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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 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 12, 2020  

Money Stories: Dealing With Infertility with Whitney Allen

Whitney Allen is the founder of Healing Hopeful Hearts (H3), a ministry for men and women to walk with each other in healing and prayer as they navigate the challenges of infertility. Once of those challenges may be financial. 1 in 6 families will struggle with infertility and of those, 59% say finances are barrier to proceeding with treatment. Whitney talks about how couples can navigate the challenges of infertility, particularly from a financial perspective.

For more information about Compass Catholic Ministries, please visit https://www.CompassCatholic.org

Healing Hopeful Hearts Ministry: https://cathedralctk.org/healing-hopeful-hearts

Pope Paul IV Institute: https://popepaulvi.com

Whitney Allen Email: Whit760@gmail.com  

 

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 –––––––––––––––––––––––––––––– 🎵 Track Info: Title: Happy by MusicbyAden Genre and Mood: Pop + Happy ———

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 www.CompassCatholic.org.

For the Compass Catholic Map, please visit https://compasscatholic.org/compass-money-map/

 

 

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 –––––––––––––––––––––––––––––– 🎵 Track Info: Title: Happy by MusicbyAden Genre and Mood: Pop + Happy ———

May 20, 2020  

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.

May 15, 2020  

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.

May 13, 2020  

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.

May 8, 2020  

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.

May 6, 2020  

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.

April 29, 2020  

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.