Manage Your Money God’s Way
With Jon and Evelyn Bean
The Manage Your Money God’s Way podcast is not about the money, it’s about the change—the change in your heart. Join us as we talk about ways to be a good steward of the money and possessions God has given you. We aren’t going to tell you where or how to invest or which mutual fund is the best, or which stock to buy, but we are going to challenge your mindset about integrating faith and finances.
We know how hard it is to see that link and we have made every financial mistake there is to make. We never really talked about money in our marriage and when big decisions had to be made we were good at talking “at” not “to” each other. Jon quit his full time job 2 weeks after we qualified for a mortgage on the dream house we were building and financial chaos soon descended. But it was OK, because when the savings ran out, we still had credit cards. With credit card debt, no savings, a mortgage and 2 car loans we were living the American dream!
It was at that time we discovered the link between faith and finances and it changed our lives. Fast forward and we are now retired, working as full time volunteers teaching others how to escape from the materialism in our American culture, which just proves God has a sense of humor. Who else but God would take two people who were such bad money managers and have them run a ministry to teach the integration between faith and finances? We are truly blessed to help people live their faith in such a tactical and practical way.
Many people have the mind of a 2-year old when it comes to money and possessions – it’s mine, mine, MINE! But it all belongs to God and we are simply stewards of the blessing he has bestowed on us. Join us and learn to be a better steward.
Check out the Compass Catholic website for information about the Compass Catholic Bible studies, books, blogs, financial calculators and more!
Jon and Evelyn can be reached by email at info@CompassCatholic.org.
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.
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.
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.
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.
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.
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.