Set Your House in Order—Catholic Edition


WEEK 1 - GETTING STARTED

“For my thoughts are not your thoughts, nor are your ways my ways—oracle of the LORD. For as the heavens are higher than the earth, so are my ways higher than your ways, my thoughts higher than your thoughts.”

 Isaiah 55: 8-9

GETTING STARTED HOMEWORK

Complete for Week 1

          Prior to attending the first meeting, read the book Catholic Edition of Your Money Counts, memorize the Scripture verse and complete the Week 1 Homework.

Scripture to Memorize

          “For my thoughts are not your thoughts, nor are your ways my ways—oracle of the LORD. For as the heavens are higher than the earth, so are my ways higher than your ways, my thoughts higher than your thoughts.” (Isaiah 55: 8-9).

           Log on to www.compasscatholic.org and click on “Newsletter sign-up” to activate your lifetime Compass membership


Days One & Two Homework

1. Make sure you have finished reading the Catholic Edition of Your Money Counts. What was the most helpful information you learned from reading Your Money Counts and what two practical principles from the book can you apply now?

Read Isaiah 38:1 

“In those days, when Hezekiah was mortally ill, the prophet Isaiah, son of Amoz, came and said to him: ‘Thus says the LORD: Put your house in order, for you are about to die; you shall not recover.’”

2. What does this verse communicate about the importance of having your house in order?

3. What do you hope to accomplish by taking this study?

Read Isaiah 55:8-9  

“For my thoughts are not your thoughts, nor are your ways my ways—oracle of the LORD. For as the heavens are higher than the earth, so are my ways higher than your ways, my thoughts higher than your thoughts.”

4. Based on this passage, do you think God’s financial principles will differ from how most people handle money? What do you think would be the greatest difference?

Days Three & Four  Homework

Practical Applications          

           Each chapter contains various forms that you can use right in the book or they can be downloaded from the CompassCatholic.org website. Each document that you complete will form part of your own personal Set Your House In Order (SYHIO) book that you will be able to store in a safe place.  By letting your loved ones know where this book is stored, you will provide them with the information they will need to carry on their lives after your death.


           Please take the time to complete each form as you finish each week’s study. CAUTION: YOUR SET YOUR HOUSE IN ORDER BOOK IS NOT SOMETHING THAT YOU DO ONCE AND THEN FORGET ABOUT! Your SYHIO book should be a living book that you are constantly updating as things change in your life. Some documents will need to be reviewed on a less frequent basis, quarterly, semi-annually or annually.


           By completing your own personal SYHIO book you are showing your love and appreciation for your loved ones and an understanding of some of the difficult things they will encounter at your death.

    The Document Organizer

          The purpose of the Document Organizer is to gather and organize all your important papers in one place. At this time, please assemble all your important documents. If you discover you are missing any, try to obtain them promptly. It is important to have these files and documents organized so they can be easily retrieved.  (For help with your documentation of Social Security be sure to check out https://ssa.gov).


  Assemble your important documents for the Document Organizer.

Download the Document Organizer


REMEMBER TO DOWNLOAD THE FORMS AND SAVE THEM

TO YOUR DEVICE BEFORE COMPLETING THEM

1. What did you learn by gathering your documents?

2. Is each of the original of the documents located in a safe place? If not, how do you plan to protect them?

There are three basic ways to organize your documents:

1. Paper Files

          Once you determine the documents you want to place in the Organizer, decide how you wish to store them: In a 3-ring binder, an accordion file folder, a portable file box or a file cabinet.

          Originals of some documents, such as, wills, trusts, deeds and life insurance policies should be stored in a secure place, such as a safe deposit box. Photocopy the originals of these documents and place the copies in your Document Organizer.

2. Electronic Files

          You may want to fill out the forms in this book electronically. There is a link to each form.  Be sure to download the form and save it to your computer prior to entering your information.  If you need additional forms, they may be downloaded from  CompassCatholic.org You can add additional documents to your electronic file by scanning and saving them to your electronic Document Organizer File. Please back up these electronic files and make sure that your spouse and loved ones know how to access them. Another benefit of an electronic file is that you can have it password protected. This enables you to give password access to anyone who needs it.

3. On-line Files

          A third option is to back up your electronic and scanned documents on-line. When you use this method, you will be able to access them from any computer.  There are many different on-line applications to store your documents securely. Select one that you are comfortable with.

Days Five & Six  Homework

CREDIT CARDS

          Gaining control of your credits cards, how you use them and how you pay the outstanding balance is critical to your success in controlling your financial life and becoming a good steward. Please list all of your credit card information on the Credit Card list. Keep the most recent credit card statement handy for each card as you will need the specific balance, interest and payoff information in week three.

       

  Create a list all of your credit cards.

Download the Credit Card List


REMEMBER TO DOWNLOAD THE FORMS AND SAVE THEM

TO YOUR DEVICE BEFORE COMPLETING THEM

          We also suggest you photocopy or scan both sides of all your credit cards and everything you carry in your billfold. Then, file the copies in this section. Be sure to include the emergency number to call and address or email address to contact if a credit card is lost or stolen.


GETTING STARTED NOTES

Please read or listen to the notes after completing Day Four Homework.

           Our Compass volunteers met with Fran, a recent widow who was grief stricken, angry and afraid all at the same time. Her husband had died unexpectedly and she was coping with suddenly being alone after 50 years of marriage. The anger was because her husband had handled all of their finances. She had no idea how much money was in the checking account, how much debt they had or if they even had a savings account. She did not even know which bank held their account. Her financial future was uncertain and she had no idea if she would have enough money to stay in her home and pay the bills. After never working during her married life, the thought of having to find a job at 70 years old was terrifying. 

           One of the purposes of the Set Your House in Order study is to help people gather and organize all their financial information in one place. This will help married couples communicate better. You will save time retrieving information. And if your spouse should die before you, you will not face the uncertainty Fran faced. 

           The Bible encourages us to get our house in order. For example, Isaiah 38:1 tells us, “In those days, when Hezekiah was mortally ill, the prophet Isaiah, son of Amoz, came and said to him: ‘Thus says the LORD: Put your house in order, for you are about to die; you shall not recover.’”

           This study will transform your life and finances as you learn what the God of the universe says about handling money and becoming more organized. This study is for everyone—single or married, young or old, whether you earn a lot or a little.

WARNING – IT’S GOING TO BE DIFFERENT!

        The way most people handle money stands in sharp contrast to God’s financial principles. Isaiah 55:8-9 puts it like this: “For my thoughts are not your thoughts, nor are your ways my ways—oracle of the LORD. For as the heavens are higher than the earth, so are my ways higher than your ways, my thoughts higher than your thoughts.” The most significant difference between the two is that the Bible reveals that God is closely involved with our finances. Many people fail to realize it because he has chosen to be invisible to us and to operate in the unseen supernatural realm.

THE BIBLE AND MONEY

          When Howard Dayton’s former business partner, Jim Seneff, asked Howard to join him in a study of the Bible to find out what God said about handling money Howard admitted that he was clueless! He had no idea that the Bible said so much about money or that it was important to God. And he had no inkling that learning what God said about it was going to radically change his life—all for the better.

           They were astonished to discover that the Bible contains over 2,500 verses dealing with how to handle money and possessions. God said so much about it for two reasons.

           The first reason Howard discovered by accident. Every time he applied one of the financial truths from the Bible, he noticed that it also improved his relationship with Jesus Christ; Howard grew closer to him. It had direct application to his daily walk with his Lord and Savior.

           Jesus told a parable that illustrates this dynamic. A master entrusted some money to three of his servants and then went on a trip. When he returned, he told the two servants who handled the money wisely, “Well done, my good and faithful servant. Since you were faithful in small matters, I will give you great responsibilities. Come, share your master’s joy” (Matthew 25:21). 

           Did you notice the last part of that verse? It says, “Come share your master’s joy.” Howard hadn’t realized that how he handled money could have a significant impact on the intimacy of his relationship with Christ. If Howard handled it God’s way, it would help him know the Lord better. If he didn’t, it would damage his relationship. And there is nothing on this planet that is more important than knowing God well and experiencing his joy.

           The second reason God says so much about money is that he wants to equip us to be smart with our money. He realizes that all of us will face challenges with money, and because he loves us so deeply, he wanted to equip us to manage it well.

1. What in the Notes did you find especially helpful? Why?

FEATURES

Compass MapTM

          We have developed the map to help you on your journey to true financial freedom. The map enables you to identify where you are, where you want to be and your next step to take for financial progress. The Compass MapTM can be found on the Compass Catholic website. 


Recommended Resources

          At the end of most lessons, we recommend outstanding books, web sites, financial tools and calculators, and organizations that will help you on your journey.

CompassCatholic.org

          The Compass Catholic web site is a dynamic site created to accompany this study. It contains online calculators, spreadsheets, videos, and other resources.

          As you go through this study, use it as a springboard to follow the path of faith and conversion; the resolution of spirit that points to a new set of thoughts, values and relationships; the dynamic way of being a Catholic. Respond to what you are learning by becoming a true Catholic and living out your faith, instead of following the ways of society.

A true faith response will allow you to: 

  • Reevaluate your attitude toward money. 
  • Understand God’s part in your finances. 
  • Become open to the prompting of the Holy Spirit.
  • Use the Bible as a source of counsel and wisdom.

We pray you use this opportunity not only for a change in the way you handle money and organize your financial life, but for a true conversion of heart and mind as well.

         

 

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Set Your House in Order—Catholic Edition
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This is a Sample!

Enjoy it? Click below!