Compass Catholic

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May 8, 2019  

The Benefits of Using a Financial Planner - Part 1

If you don’t have the knowledge and skill set, do-it-yourself financial planning can turn into a huge disaster. It’s hard to make objective financial decisions when you are emotionally involved with the outcome. Join us for a discussion about why using a financial planner will benefit you in the long term. We will also share the questions to ask a financial planner before you decide to work with them.

The Compass Catholic Blog has more on this topic.

May 1, 2019  

Keep Your Old Car or Replace it?

Your car broke down, and now you're faced with a high repair bill. AGAIN!

It's not the first time this has happened, and you're getting tired of pouring money into an older model car. How do you decide whether it’s time to repair or replace?

Join us for the options to consider when you are trying to make this decision, and check out our blog for more on this topic.  Take your time and make a well thought out decision.

April 17, 2019  

Use a Sinking Fund to Stay Afloat

A sinking fund is a way to put money aside for planned expenses.  This is different than an emergency fund which is for UNplanned expenses.

A sinking fund is putting money aside each time you get paid to fund upcoming expenses. For example, a sinking fund could be used for Christmas. Based on Christmas 2018, how much did you spend? Take that amount and divide it by the number of months till Christmas and that’s how much you need to save each month for a sinking fund which will pay for Christmas 2019. Sinking funds can be used for vacation, home upgrades, tax bills, back to school shopping or any other planned expense.

Sinking funds are a great way to get ahead of the spending curve and avoid that debt monster!

Check out our blog for more on this topic.