Change Maker by Compass Catholic Ministries

How Much Money Does it Take to Feel Wealthy?

How much money do you need to feel wealthy? Is money the key to a wealthy lifestyle, or is there more to it than simply accumulating more and more? Join us as we discuss a Charles Schwab survey about wealth in America. Our blog has more on the topic.  Interestingly, the survey results indicate money has nothing to do with feeling wealthy.

Don't Fool Yourself About Your Finances

Spending more than you make, not knowing the difference between wants and needs, using long term savings for short term purchases, not being generous, ignoring the need for retirement savings…it’s easy to convince ourselves that we are going the right thing with our finances when maybe we are just in a comfort zone.

Tune in or join us on the Compass Catholic blog to check out the ways you may be fooling yourself about your finances.

Eliminate Holiday Spending Stress

Sometimes we spend money on Christmas in an effort to fulfill some requirement that doesn’t make sense if you stop and think about it rationally. Maybe your gifting is done out of guilt or obligation or competition.  But what does that have to do with the real meaning of Christmas?

Tune in and join us on the Compass Catholic blog for stories about why people feel forced into Christmas spending and how to avoid it.

Money Matters in Marriage

As a church, we need to teach people that their faith and their finances go hand in hand towards having a stronger marriage. Unfortunately, most married couples learn about finances through Trial & Terror, which mean years of conflict, pain and arguing about money.

This week the Compass Catholic blog has more on how to tackle the money monster in marriage.

Things Frugal People NEVER Do

Avoid paying interest, don’t buy things you don’t need, and above all else, don’t get caught up in trying to live someone else’s lifestyle. These are all things frugal people do to avoid wasting money.

Read the Compass Catholic blog for more on how to save money by being conscious of the things you should never do.

Social Security - Will it be There for You?

Social security is only supposed to supplement your retirement income. It is not designed to provide your entire retirement income, so you need to save for retirement in a big way.

It’s up to each one of us to stop relying on the government to take care of us in retirement.

Join us for a discussion about Social Security and read the Compass Catholic blog for more about how secure Social Security really is.

Are You Headed for Financial Disaster?

If you are experiencing financial challenges, you’re not alone. Consumer debt is at an all-time high. Credit cards, school loans, car loans, and medical bills can all pile up quickly. Whether your debt is the result of an illness, unemployment, or simply overspending, it can seem impossible to manage.

Join us for a discussion about how to tackle that mountain of debt and check out the Compass Catholic blog for more on avoiding a financial disaster.

How Much Does it Take to Feel Wealthy?

Is there more to life than accumulating money?  Join us for a discussion on a Charles Schwab survey about wealth in America. Interestingly the most common responses about what it takes for people to feel wealthy have nothing to do with money.

Read the Compass Catholic blog for more on being wealthy versus feeling wealthy.

How to Have a Successful Garage Sale

It’s time to clear the clutter if your garage is so full there’s no room for the car or your basement has boxes that haven’t been opened in years.

Here are tips for having a successful garage sale:

• Get organized ahead of time
• Decide on your advertising strategy
• Check to see if a permit is needed
• Invite your neighbors to participate
• Make your items easy to see—clothes on hangers, items on tables
• Plan how you’ll manage the money (cash box, carpenter apron?)
• Have plenty of change on hand
• Decide on a discount strategy for end of day or on specific items
• Prepare to handle leftover items

Join the Compass Catholic blog for more on having a successful garage sale.

Money and Generation Z

The post millennial generation is going their own way in how they earn and spend money. Part time gigs, flexible hours and non-traditional jobs are more important that a traditional full time career. They avoid credit cards and use debit cards instead, and hopefully understand the differences. Being digitally savvy, they prefer online banking and investing but many not realize the difference between an online bank and a brick and mortar bank that is FDIC insured. Debt avoidance is good, but what happens when there is no credit history and they try to get a mortgage?

Join the Compass Catholic blog for more on Money and Gen Z.