Hosts: Jon and Evelyn Bean with
Show Moderator, Steve Hoyas
Join the Beans for informative and practical discussions about money: how to earn it, spend it, manage it, give it, save it, invest it, and even how to train our children to be money smart.
People are always amazed when they learn that the Bible contains more than 2,500 verses dealing with money and possessions. Everything people need to know about money is found in the Bible, which is a change from the way most people think.
Listen and learn that it's really not about the money; it IS about the change!
Check our our website for blogs, financial calculators information about Compass Catholic and all kinds of other good stuff about managing your money God's Way! Compasscatholic.org
8 Middle Class Money Mistakes
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 here.
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.”
Check out Evelyn's blog on those 8 middle class money mistakes - http://compasscatholic.org/education-center/
The BEST ways to avoid Christmas Debt
Are you still paying the credit card charges from Christmas, 2016? If you are like most families, the debt will be gone at just about the same time you are ready to do your 2017 Christmas shopping.
Is getting into debt and overspending what the Lord had in mind when we celebrate the birth of Jesus?
That’s why we’re talking about Christmas in August—because now is the time to start planning so you can avoid the Christmas debt this year.
Check out Evelyn’s blog on avoiding Christmas debt. - http://compasscatholic.org/avoiding-christmas-debt/
How Much Debt is Too Much?
Do you get a sick sinking feeling when you think about the amount of debt you have? Are you worried that you’ll never be able to dig your way out of debt? We know how that feels. We had a mortgage, LOTS of credit card debt, two car payments, and no savings. Needless to say, our marriage was not a happy place to be.
Being in debt is like playing with matches. You know you will be able to blow the match out when the flame gets too close to your fingers, but sometimes you get burned. That’s what happens when your debt load gets overwhelming or there is an unexpected financial emergency. Sooner or later you will get burned.
Check out Evelyn’s blog on How much is too much debt. - http://compasscatholic.org/much-debt-much/
Check out how we can help you work your way out of debt - http://compasscatholic.org/
What You Need to Know if You are Buying a Car.
After home mortgages, car loans are the largest debts most people have. And more than 70 percent of all the cars on the road are financed. Unlike a home, which usually appreciates in value, the moment you drive a car off the lot it depreciates in value. It’s worth less than you paid for it by the time you hit the first intersection.That is why it is important to make a wise financial decision when buying a car. The worst thing you can do is to get confused between the function of a car, which is to take you from Point A to Point B by buying a car based on the perceived status of a certain make and model.
Read our blog about buying a car - http://compasscatholic.org/need-know-buying-car/
The Tradeoff Between Energy, Time and Money
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.
QUESTION: Join in … What do you have more of – time, energy or money? How do you handle the balancing act?
Read our blog on energy, time and money and learn more about the resources available from Compass Catholic Ministries, at http://compasscatholic.org/education-center/
Consider This Before You Buy a House
There’s lots of things to consider when you are thinking about buying a house. The first thing is to decide if it is better to rent or buy. Then there is the cost, the location, the size and all the other stuff that comes with being a homeowner. This podcast will help you learn more about all the things you need to take into account when making the largest financial decision of your life.
Visit the Compass Catholic blog for more tips on buying a house and avoiding financial disaster. The calculators on the Compass Catholic website will help you calculate mortgage loan payments, down payments, or acceleration on your current mortgage.
Navigating Your Finances God’s Way
Most people, religious or not, don’t fully recognize all that God has to say about how to handle their 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 blog 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.
8 Tips for Dealing With Debt Overload
If you are like most people in the US, debt is a way of life. But there comes a time when you just simply get tired of wasting your hard earned money paying interest or the debt gets overwhelming.
Things for you to think about are: good debt vs bad debt; secured and unsecured debt; using a budget; credit counseling; consolidation loans; home equity line of credit and changing your habits.
Ditch the debt! Visit the Compass Catholic blog for more info on 8 tips for dealing with debt overload. http://compasscatholic.org/education-center/
Learn how Compass Catholic can help you reduce and then eliminate your debt – Our small group bible study is the answer - http://compasscatholic.org/financial-bible-study/#nav
Work is More Than a Job
When we finish working at our job, there’s still more work left to do. Before and/or after paid employment work, there is a home to take care of, meals to make, family members to care for and volunteer efforts. When we forget that all work we do gives us the opportunity to use the gifts and talents God has given us to help meet the needs of our fellow man, we forget that we are called by God to be a worker.
At it’s very core, a Christian approach to work is rooted in man’s relationship with God, creation and our fellow men.
Read our blog on Work and learn more about Bible Studies and other resources from Compass Catholic Ministries, at http://compasscatholic.org/work-is-more-than-a-job/
Work is one of the topics discussed in our small group bible study, Navigating Your Finances God's Way - Learn how we can help you eliminate your debt. http://compasscatholic.org/financial-bible-study/
Being Honest in a Dishonest World
People often manipulate facts so they are scrupulously honest without being totally truthful. When we make split second decisions about being honest, we may follow what our society tells us about only dealing with the facts that can be seen. Or we may hedge our bets and try to figure out if we’ll get caught or if we can get away with being dishonest.
But if we are living from a Scriptural basis, then our decisions should be based on what will please God. The Bible tells us to be totally honest in all ways all of the time. In John 14:6, Jesus says, “I am the truth.” And Proverbs 12:22 says, “Lying lips are an abomination to the Lord.”
Being honest is one of the ways we live our faith. - This is Evelyn's blog on the topic - http://compasscatholic.org/honest-dishonest-world/. For more blogs http://compasscatholic.org/education-center/
Learn more about Compass Catholic Ministries, honesty, debt and other topics at http://compasscatholic.org
God Marriage & Money
If you are engaged or a newlywed it’s very important to have conversations regarding your finances. Finances are a topic that you will be dealing with daily. Having that discussion on finances now will resolves those differences early in the relationship.
God, Marriage and Money will give you a detailed look at marital finances. The book can be used as a tool. It will show you the true roll of money in a marriage. It will help you with any differences as it relates to money.
Read Evelyn's Blog on God, Marriage and Money - http://compasscatholic.org/god-marriage-money/
You can order your hard copy or download your digital copy of the book here: http://compasscatholic.org/book-store/. This small workbook has been designed to open the lines of communication about finances. Learn how to uncover those unanswered issues in your relationship that are related to money and possessions.
Another important book to read is Your Money Counts. An insight into what the Bible tells us are the best practices for handling money - http://compasscatholic.org/book-store/ . You can now download your copy of Your Money Counts FREE…Click on the link in the book store of CompassCatholic.org.