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Manage Your Money God’s Way - Should I Buy or Lease a Car?

Manage Your Money God’s Way - Should I Buy or Lease a Car?

March 27, 2019

That new car smell is great, but leasing one car after another means spending more money in the long run. Buying a car means you have an asset (even though it is a depreciating asset.) When you lease a car, you have nothing at the end of the lease - no transportation, nothing to trade in or sell.

It is hard to compare leasing versus buying head-to-head because they are so different and each is based on different parameters. Join us for more on why leasing may not be good for you. Our recommendation is to buy a certified used car and drive it till the wheels come off.

 

Manage Your Money God’s Way - I’m Dead.  Now What?

Manage Your Money God’s Way - I’m Dead. Now What?

March 20, 2019

We rarely think about the end of life issues or what would happen if we became incapacitated due to illness or accident. What a blessing it would be to your family in this situation if all the important information they would need was up to date, organized and easy to locate. 

Manage Your Money God’s Way - Don’t Retire, Rewire

Manage Your Money God’s Way - Don’t Retire, Rewire

March 13, 2019

When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment by planning well in the following areas:

  • Talk to your spouse to develop a joint plan for retirement.
  • Use a budget before retiring to manage your income and spending in retirement.
  • Ditch the debt so you can be debt free when you retire.
  • Find a passion to use your talents and skills in serving others.

Retirement can be the most fulfilling time of your life if you plan to make it so.

The Compass Catholic blog has more thoughts on retiring well.

Check out our retirement calculators as part of your planning process.

Manage Your Money God’s Way - What Is Your Definition of Financial Success?

Manage Your Money God’s Way - What Is Your Definition of Financial Success?

March 6, 2019

We would all be a lot happier if we defined financial success based on our own life, resources, capabilities and progress. Judging your circumstances against other people can be disheartening. All God is calling you to do is be a faithful steward of the blessings he has given to you, with no regard to what the next person is doing

The Compass Catholic blog has more thoughts on defining financial success for yourself.

Based on a listener's question, here are the percentage guidelines for various budget categories. Use this as a starting point and customize it to fit your life. 

Manage Your Money God’s Way - Is A Healthcare Sharing Plan Right For You? Part 2

Manage Your Money God’s Way - Is A Healthcare Sharing Plan Right For You? Part 2

February 27, 2019

Health care sharing plans are gaining popularity in the face of the rising cost of traditional health insurance. Both traditional insurance and health care sharing plans have pros and cons, so be sure you know the difference.

For an overview, check out last week’s podcast and blog, which also provides links to the major health care sharing plans. This week we’ll focus on what health care sharing plans do not cover and what questions to consider asking if you are making a decision on which to buy. Check out the related blog.

Manage Your Money God’s Way - Is A Healthcare Sharing Plan Right For You? Part 1

Manage Your Money God’s Way - Is A Healthcare Sharing Plan Right For You? Part 1

February 20, 2019

Increases in the cost of traditional health insurance have driven many people to participate in health care sharing plans. Sharing plans are usually based on Christian ideals where like-minded people help each other. If you are considering a health care sharing plan, listen in for how this differs from traditional health insurance.

For links to the major healthcare sharing plans, check out the Compass Catholic blog which has more details on this option for health care. And join us next week for Healthcare Sharing Plans - Part 2 where we’ll share some questions to ask before participating.

Manage Your Money God’s Way - Congratulations On Your Engagement

Manage Your Money God’s Way - Congratulations On Your Engagement

February 13, 2019

There are lots of things to think about and plan for as you approach your wedding day. Unfortunately, most couples who are engaged to be married talk more about the flavor of their wedding cake than about their marital finances. The cake cutting ceremony takes about 10 minutes but finances are something they’ll deal with every day of their entire married life.

The Compass Catholic blog has more about why the “Money Talk” is so important to a strong healthy marriage.

Manage Your Money God’s Way - Lessons From A Financial Trainwreck

Manage Your Money God’s Way - Lessons From A Financial Trainwreck

February 6, 2019

Here’s a family who has made, and continues to make financial mistakes. They admit the error of their ways but just can’t seem to grow up enough to stop the madness. The Compass Catholic blog has more about this couple who are in the middle of financial train wreck, but won’t make the effort to escape.

Take this as a warning and examine your own finances!

Manage Your Money God’s Way - Stop Funding Your Adult Child’s Lifestyle

Manage Your Money God’s Way - Stop Funding Your Adult Child’s Lifestyle

January 30, 2019

A 2017 study from CreditCards.com found that 74% of parents reported helping adult kids with expenses and debt. But once your child is an adult, there is a difference between lending a hand and providing them with a lifestyle they can’t afford.

For more on this topic, join us on the Compass Catholic blog if you are supporting your adult child financially.

Manage Your Money God’s Way - Are Christmas Bills Flooding Your Mailbox?

Manage Your Money God’s Way - Are Christmas Bills Flooding Your Mailbox?

January 23, 2019

Christmas spending was fun—lots of gifts, decorations, plenty of food and traveling to see the family. And now the bills are starting to roll in for all the spending fun. Make 2018 be the last year you get into debt for Christmas.

The Compass Catholic blog has more on staying out of debt for Christmas 2019.

Manage Your Money God’s Way - Make Financial Resolutions You’ll Keep

Manage Your Money God’s Way - Make Financial Resolutions You’ll Keep

January 16, 2019

Resolutions are popular on January 1, but by now most of them have been abandoned. Join us on the Podcast for some ideas about how to set resolutions you will actually keep. The key is making them part of a large important life goal and managing the daily activities you need to accomplish so you eventually reach your life goal.

The Compass Catholic blog also has some Bible verses for you to reflect on as work on your financial resolutions.

Manage Your Money God’s Way - Your 2019 Financial Plan

Manage Your Money God’s Way - Your 2019 Financial Plan

January 9, 2019

There are three things you should do to review your 2018 finances and get prepared for 2019:

  • Review your budget in 2018 and make the necessary changes for 2019. Which categories will decrease or increase in the new year?
  • Review where you are on the Compass Money Map. Which destinations are complete and which still have open items?
  • Calculate your Net Worth. Do you owe more than you own? Or is your net worth positive?

The Compass Catholic blog shares more about these three important steps to get ready for a successful financial year in 2019.

Manage Your Money God’s Way - Are You Headed for Financial Disaster?Your Money God’s Way - Are You Headed for Financial Disaster?

Manage Your Money God’s Way - Are You Headed for Financial Disaster?Your Money God’s Way - Are You Headed for Financial Disaster?

January 2, 2019

Financial problems can creep up slowly until they suddenly feel overwhelming. If you have an inkling that your finances are headed for trouble, address the issue as soon as possible to avoid long term financial harm. Join us here and on our blog as we talk about how to handle a looming financial issue. If you are experiencing financial challenges, you’re not alone. 

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

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

December 26, 2018

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.

Manage Your Money God’s Way - Plan to Enjoy Christmas Day

Manage Your Money God’s Way - Plan to Enjoy Christmas Day

December 19, 2018

Christmas Day is fast approaching. Don’t get so caught up in the busyness that you forget what the day is all about. Join us for thoughts on how to make conscious plans for a Christmas day you will enjoy. The Compass Catholic blog has more suggestions on this topic.

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

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.

 

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

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.

Manage Your Money God’s Way - Giving Thanks

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.

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

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.