It's time to step into your role as a financial disciple! Compass Catholic's Change Maker Podcast provides practical tips for anyone who is struggling to live IN this world while not living OF this world. Join Caitlyn Kano, Executive Director of Compass Catholic, as she explores personal money management through a spiritual lens. We discuss personal finance topics, provide tips and practical advice and share our money stories, all from an authentically Catholic viewpoint. You don't need a high net worth to start living a rich live! To learn more about Compass Catholic Ministries, visit www.CompassCatholic.org. To be a part of this show, send an email to Podcast@CompassCatholic.org.
Episodes
Wednesday Jan 03, 2018
Wednesday Jan 03, 2018
Saving and investing are similar but different. Everybody should be saving AND investing no matter what your income level. Saving helps you build an emergency fund for those unexpected expenses and meet short term goals. Investing helps you work toward long term future goals, such as funding a college account for your children or having enough money to retire.
Both are necessary for a well-balanced financial future.
Read Evelyn’s blog Saving Versus Investing on the Compass Catholic website.
Wednesday Dec 27, 2017
Wednesday Dec 27, 2017
There aren’t too many ways to get your money under control. It all boils down to keeping track of what you spend, spending less than you earn, having an emergency fund, and finding ways to economize.
Even though getting your finances under control is simple, it’s not easy. It takes discipline, hard work and commitment. You may dream about being debt free, but what are you doing today to make that dream a reality? If you make progress every day, those dreams will come true.
To help you manage finances from a faith perspective, you can access the eBook version of Your Money Counts for free and it will help you focus on what is truly important. For more information, call us at 844-447-6263 or fill out the contact form on the Compass Catholic website.
Read Evelyn's Blog for more on this topic: Dreaming and Doing are Two Different Things
Wednesday Dec 20, 2017
Wednesday Dec 20, 2017
The God Marriage & Money book from Compass Catholic is specifically designed for couples who are engaged to be married. Most engaged couples spend more time discussing the flavor of their wedding cake than talking about their finances. Yet finances are something you’ll deal with every day of your married lives, and financial differences are one of the leading causes of divorce.
This book has everything you need to have an open and honest discussion about finances before the wedding! God Marriage & Money is available in both hardcopy and eBook formats. This is a perfect resource if you (or a friend or family member) is engaged or newly married.
Read Evelyn’s Blog: God Marriage & Money.
Wednesday Dec 13, 2017
Wednesday Dec 13, 2017
When it comes to your personal finances, have you been totally honest with yourself or are you fooling yourself by confusing needs and wants? Do you think more money will make you happy? Have you convinced yourself that you don’t make enough to give or save?
All of these little lies you tell yourself can justify handling money in a way that does not honor God.
Read Evelyn’s Blog: Are You Being Honest With Yourself? To learn more about how you may be hiding money problems.
Wednesday Dec 06, 2017
Wednesday Dec 06, 2017
Before you drive yourself crazy with Christmas spending, it’s time make a financial plan for the season so you can stay out of debt.
Take some time before your spending spree starts to go through the following steps and keep some sense of sanity in Christmas spending this year. You will thank yourself when the bills start arriving in January
Read Evelyn's blog: Avoid Holiday Spending Stress for ways to avoid holiday spending stress and learn more about the resources available from Compass Catholic Ministries.
Wednesday Nov 29, 2017
Wednesday Nov 29, 2017
Christmas should be about celebrating the birth of Christ, creating memories, and enjoying friends and family, not about creating debt. Christmas is a wonderful time of year, but it should not come at the risk of your long-term finances stability.
As you prepare for Christmas, here are some tips to avoid getting into debt that you may be paying for till next Christmas.
Read Evelyn’s Blog: Don’t go Into Debt for Christmas for more about how to avoid debt this holiday season.
Tuesday Oct 31, 2017
Tuesday Oct 31, 2017
Energy, time and money. Sometimes you have more of one than the other. Here are some ideas to help you with the balancing act.
- Downsize the house. A smaller house means less energy and time to maintain and ALL the costs will be lower from the mortgage to the utilities.
- Make two meals at once and freeze one to save time when you are on the go, and also save a little money on the cost of the meal.
- Plan shopping around sales to save time, money and energy.
- Spot clean on a semi-regular basis to save energy and time.
- Keep an up to date grocery list so when you go to the store you know exactly what you need. You won’t waste money buying something you don’t need and you won’t waste energy and time having to go back to the store for something you forgot to buy.
Read Evelyn's Blog: The Tradeoff Between Time, Energy, and Money
QUESTION: Use our "Contct Us" form and join in, we would love to hear from you. What do you have more of – time, energy or money? How do you handle the balancing act?
Wednesday Oct 25, 2017
Wednesday Oct 25, 2017
Most people, religious or not, don’t fully recognize all that God has to say about how to handle money and possessions. Everything we need to know about how to spend, save, give and manage money can be found in over 2500 verses in the Bible. Discover true financial freedom!
Visit the Compass Catholic website for our latest blogs and check out the Compass Catholic Bible Studies page for more info on Navigating Your Finances God’s Way a 9-week Bible study that will help you learn how to manage your money God’s way.
Read Evelyn's Blog: Navigating Your Finances God's Way
Monday Oct 16, 2017
Monday Oct 16, 2017
If you were going to automatically pay an extra 15% for every item you buy, would you still buy it? Probably not. But you spend an extra 15% (or more, depending on your interest rate) when you buy items with credit cards and don’t pay the balance in full each month. If you are paying more than the price for what you buy, checkout our debt payoff calculators below.
A lot of financial mistakes can be avoided if you just stop, think and evaluate the difference between wants and needs. It’s not glamorous and it may not be fun but steady plodding keeps you on track: Proverbs 21:5, tells us, “The plans of the diligent end in profit, but those of the hasty end in loss.”
Read Evelyn's Blog: Middle Class Money Mistakes
Let Compass help you get rid of ALL OF YOUR DEBT Debt Calculators.
Saturday Sep 30, 2017
Saturday Sep 30, 2017
Listen in as we talk about an article from The Penny Hoarder titled 11 Simple Money Moves You Should Make This Week.
They prefaced this article with the fact that some of the recommended links are paid for by their sponsors. Any time you are online, it’s important to understand where the info is coming from and be wary if some of it is recommended by paid advertisers.
With the disclosure out of the way, we cover all 11 recommendations, some of which are great ideas, such as: create a separate savings account; sell stuff you don’t use; pay off your debt; and keep up to date on your credit score. However, some of their ideas we do not agree with: use a robo-advisor for your investments; maximize credit card usage to gain points; start a passive income stream by using certain websites; and get a consolidation loan to pay off debt.
When considering online advice be careful! Some of their ideas are valid and we highly recommend them. Other ideas could get you into a lot of trouble!