Frequently Asked Questions

Overall the biggest difference is that Compass Catholic is targeted to Catholics as it provides an authentically Catholic approach to finances. The Bible study, Navigating Your Finances God’s Way, has an imprimatur from The Most Reverend John Noonan, Bishop of Orlando. In addition to over 350 Bible verses that show the Scriptural basis for good money management. The study includes references to the Sacraments; the Catechism; the Bishop’s Pastoral Letter on Stewardship, Stewardship a Disciple’s Response; and quotes from saints and popes. Compass Catholic is a ministry focused on helping people deepen their Catholic faith and apply it in everyday situations. Our vision is to see people become financially free so they can fulfill the unique purpose God has for them. All too often, answering God’s call is restricted by financial constraints. Compass Catholic is an IRS approved 501(c)3 non-profit ministry and is funded by book sales and donations. Compass Catholic focuses on the spiritual transformation which leads to a financial transformation. The Compass Catholic Navigating Your Finances God’s Way study focuses on God’s ownership and our role as stewards. We encourage participants to begin giving as their #1 priority as a way to honor God and acknowledge him as the owner and provider of everything we have. Compass Catholic Ministries and Dave Ramsey/FPU have similar goals—to make people smart consumers and wise spenders. There are only so many ways to do this: track your spending; spend less than you make; develop a debt payment plan; have an emergency fund and it’s pretty much the same on all fronts. The difference is that Compass Catholic Ministries takes a totally Catholic approach to this goal by integrating our faith into the financial principles. Our experience has been that when people learn the financial principles from a faith perspective it changes everything.