Manage Your Money God’s Way - Don’t Fool Yourself About Your Finances

December 5, 2018

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.

 

00:0000:00

Manage Your Money God’s Way - Eliminate Holiday Spending Stress

November 28, 2018

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.

00:0000:00

Manage Your Money God’s Way - Giving Thanks

November 21, 2018

Time goes by quickly and we get so caught up in our day to day activities that we often forget to stop and thank God for the blessings he has given us. This year, instead of having the Thanksgiving holiday be a one day event, have it be the beginning of a year of gratitude.

00:0000:00

Manage Your Money God’s Way - Don’t Go Into Debt for Christmas

November 14, 2018

Seems like we just jump from one buying season to another without much thought about why or even what we are celebrating.  Debt can be the number one fear for many people at this time of year as they face the pressure to make everyone in their life happy by showering presents on them.

Join us and stop the madness by not going into one penny of debt for Christmas this year.

The Compass Catholic blog has more ideas about how to celebrate but stay sane in your spending.

00:0000:00

Manage Your Money God’s Way - Money Matters in a Marriage

November 7, 2018

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.

00:0000:00

Manage Your Money God’s Way - Things Frugal People Never Do

October 31, 2018

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.

00:0000:00

Manage Your Money God’s Way - Is the Lottery Calling Your Name?

October 24, 2018

You have a better chance of getting struck by lightning; dying in a car accident; becoming a victim of identity theft by the age of 40; being bitten by a dog while jogging or or even hitting a hole-in-one on your birthday than winning the lottery. Yet the average American buys $200 of lottery tickets per year.

It’s interesting to note that lotteries are exempt from truth in advertising laws. What may sound like such a good deal is really a bunch of lies.

Read the Compass Catholic blog for more on why the lottery isn’t the answer to your financial problems.

 

00:0000:00

Manage Your Money God’s Way - Cheap vs Frugal

October 17, 2018

A cheap person will invest a lot of time and energy in order to save a dollar or two, but the time and effort they spend may not be worth the money they saved.

00:0000:00

Manage Your Money God’s Way - Social Security Will It Be There For You?

October 10, 2018

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.

 

00:0000:00

Manage Your Money God’s Way - How Much Does It Take to Feel Wealthy?

September 26, 2018

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.

00:0000:00

Manage Your Money God’s Way - How To Have A Successful Garage Sale

September 19, 2018

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.

00:0000:00

Manage Your Money God’s Way - How to Get Rid of Your Mortgage

September 12, 2018

You may think that keeping your mortgage for the tax benefits is a good idea, but the money you get in tax benefits comes nowhere near covering the amount of money you pay in interest.  To pay off the mortgage early, try making one extra payment each year or each quarter. You can also try making bi-weekly payments (if your mortgage company will accept them). Another way to pay off the mortgage early is to funnel any windfalls to the mortgage (bonus, tax return, inheritance, etc.)

If you make anything other than the normal payment at the normal time, be sure to check with your mortgage company to be sure you understand how they will handle additional payments and how you designate the extra money you are paying. Once that is set, check your monthly statement to be sure your extra payment has been applied appropriately.

Join the Compass Catholic blog for more on getting rid of your mortgage.

00:0000:00

Manage Your Money God’s Way - Money and Generation Z

September 5, 2018

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.

00:0000:00

Manage Your Money God’s Way - How To Manage Money in Your 20s

August 29, 2018

Managing money well is not complex but it can be difficult if you aren’t paying attention to income and spending. Join us for tips on how to manage money well while you are in your 20’s. Your 50 year old self will thank you.

00:0000:00

Manage Your Money God’s Way - What is Your Treasure?

August 22, 2018

We all own lots of stuff.  If we had only one small bag in which we would carry our most precious items, what would we put in the bag? When you decide what’s in the bag, you’ll know what is important to you and when you know what’s important to you, you can discover the hidden treasure behind that item.

Join us for a discussion on ways to find those hidden treasures in life that we take for granted. The Compass Catholic blog has more about hidden treasures.

00:0000:00