Change Maker by Compass Catholic Ministries

8 Steps to Get Out of Debt

Getting out of debt can be challenging, especially if you don’t know where to start or what to do first. Get started by using our tips for eight steps to get out of debt.

 

It can be a long-term goal and it is not easy, but the effort and time is well worth the blessing that comes from being debt free.

 

The Compass Catholic blog has more ideas about taking the first step in freeing yourself from the bondage of debt.

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

The Effect of Student Loan Debt on Vocations Part 2 with Anne Folan

In the last episode of Money Stories, Anne Folan spoke about the toll student loan debt is taking on vocations. In this episode, Anne is back to discuss what the Mater Ecclesiae Fund for Vocations is doing to help this problem. The Fund for Vocations process is intricately designed with a purpose. Not only is the Fund for Vocations IRS compliant, it has to be Canon law compliant as well.

To recap from last week's episode, 45 million Americans owe student loan debt, collectively owing more than $1.5 trillion dollars. Two out of every three college graduates will graduate with a student debt load averaging over $30,000. For individuals discerning a call to religious life, student loan debt can create a tremendous obstacle they didn't consider when pursuing their college degrees because religious communities usually don't allow a person with unresolved debts to enter

To make a donation to the Fund for Vocations, please visit https://fundforvocations.org/donate-today/

To learn more about Compass Catholic Ministries, please visit https://CompassCatholic.org.

 

 

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Cybersecurity and Faith with Aaron Munoz

Aaron Munoz is the creator and author of DollarsandSaints.com. He's also in the field of cybersecurity. In this episode of Money Stories, Aaron not only gives our listeners tips to protect their finances, but he also shares how he found how his career can be used to build the kingdom of God. 

"If a man is called to be a street sweeper, he should sweep streets even as Michelangelo painted, or Beethoven composed music, or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, here lived a great street sweeper who did his job well." -Martin Luther King

In Compass Catholic's Faith & Money Matters Bible Study, you are given the opportunity to explore how your career fits into the God's kingdom. If you have not yet participated, you can register for an online class at www. CompassCatholic.org.

Compass Catholic Ministries:  www.CompassCatholic.org

Dollars and Saints Blog: www.DollarsandSaints.com

Cyber Securing Your Finances in Five Steps: https://dollarsandsaints.com/2020/03/20/cyber-securing-your-finances-in-five-steps/

Young Catholic Professionals: www.youngcatholicprofessionals.org

 

 

Prepare For Your First Post-Pandemic Christmas

The reason so many people get into debt for Christmas is simple—they haven’t planned ahead. They haven’t saved or given thought to how they may be able to creatively reduce the cost of Christmas.

This year with the financial implications of the pandemic, it’s more important than ever to make this the Christmas you’ll stay out of debt.

The Compass Catholic blog has more about why and how to plan financially for Christmas.

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 ———

Stay on Top of Your Credit Report

Staying informed about your credit report and your credit score is a great way to monitor financial progress.  A low credit score or errors on your credit report can mean thousands of dollars wasted on paying higher interest rates. 

The Compass Catholic blog has more about staying on top of your credit report.

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 ———

Raise Money Smart Kids

Raising money smart kids starts even before you get pregnant. Talking about all aspects of money when you are engaged includes discussions about how well you were trained by your parents to be fiscally responsible. What did your parents teach you that was valuable to you as an adult? What do you wish they had taught you? These questions lead to deep discussions between you and your future spouse on how you want to teach your children about handling money.

The Compass Catholic blog has more about raising money smart kids.

The Spiritual Cost of Debt

Financial challenges due to debt can be a hidden monster in many families and marriages. We can tackle and tame the debt monster by learning that every area of our life, including how we handle money, has a spiritual impact.

The Compass Catholic blog has more about the spiritual cost of debt.