What does it mean to be a faith-seeking young adult in the world today? How does our faith inform our finances? And how on earth do you navigate the ins and outs of being a faithful, financially responsible adult in today’s world?
The waters of young adulthood can be tricky to navigate. Up until that point, it seems like everyone is on the same path. In high school, after all, everyone goes through pretty much the same classes and hits the same life events at about the same time. After that, however, the rules change, and suddenly everyone seems to be taking a different course. Some people are working on their careers, some are in college or graduate school, some are getting married and having kids. It’s so easy to look around and wonder if you’re going in the right direction when everyone seems to be plotting a different course.
Add to that chaos the fact that the paths laid out by our parents and grandparents no longer seem to work. It used to be that the typical plan was that you could go to college and/or get a job and find yourself at least somewhat financially stable. In today’s economy, going to college, however, does not guarantee a well-paying job, and more and more young adults are finding themselves back at home with their parents instead of being able to be financially independent. Likewise, the retirement, investment, and healthcare plans that our parents and grandparents were relying on seem shakier than ever right now. In short, it’s a crazy and confusing time to be emerging into adulthood.
That’s where Compass comes in. When the Ecumenical Stewardship Center was looking at ways to help young adult navigate the financial chaos of today’s world, they realized that what young adults needed wasn’t a Sunday School curriculum telling them to be faithful with their finances, but rather resources helping them to do so. Compass is about helping you figure out how to be a faithful steward wherever you are in your journey, whether you’re trying to figure out how to afford a home, or pay off those college loans, or you just want to know whether buying those Toms is really a good use of your money.
To that extent, Compass has two parts:
1.) On the Ecumenical Stewardship Center’s website, you will find a list of resources that are available, both through the ESC and our denominational partners. These resources include things like financial calculators, tips for creating and sticking to a budget, advice for paying off college, and so forth. These resources have been created and vetted by faith based organizations who believe that our faith and finances are connected, and who want to help you find financial freedom and security while also showing you how you can use your resources to make the world a better place.
2.) This blog. The purpose of this blog is to be a place of conversation. We’ll be pointing out some of the great resources we have, yes, but we also hope to dive more deeply into the issues that concern you. For instance, how do you live on the money you have but still do and have the things you want? How do you navigate the financial side of relationships (getting married, having kids, etc)? How do you save for retirement when you are barely scraping by?
As a young adult and intern at the Ecumenical Stewardship Center, these are things I struggle with as well. It is my sincere hope, though, that the resources and conversations happening here will help not only me navigate my faith and finances but you as well. Happy journeying!