Debt and America have almost become synonymous. In fact, according to recent information from Comet, over 80% of America is in debt in some way, and the reality is debt is a slave master to Americans. It’s almost as if it’s a national character trait. But what does the Bible say about debt? What is God’s best for your finances and if they’re overwhelming, how can you turn your finances around?
What Does The Bible Say About Debt?
It’s not a sin. Is debt God’s best for you? No. It’s not. But there’s no Biblical references to debt being a sin. Many say it’s not what God wants—Romans 13:8 says, “Let no debt remain outstanding except the continuing debt to love one another,” and that if there IS debt, it’s wicked to not repay it. Psalm 37:21 says, “The wicked borrows and does not repay but the righteous shows mercy and gives.”
In fact, the Bible actually talks about debt and lending in a way that says we are to lend in Matthew 5:42, “Give to him who asks you and from him who wants to borrow from you, do not turn away.”
But can you do that? Be a generous giver when you are swimming in your own financial bondage? No, you can’t. That’s why overwhelming debt is simply not God’s best for you.
What Does The Bible Say About Debt?
It steals joy and freedom. While debt may not be a sin, it’s certainly a joy stealer. God wants you to have abundant joy, yes – but in Him, not in earthly things. And while it’s not sinful to enjoy the blessings of this life, doing so on credit is very temporary. That ‘new car’ smell only lasts for so long on just about everything and then? Then you find yourself worrying about how to pay the loan off and fretting over not being able to be the generous giver that God calls us to be.
In fact, Luke 6:35 says, “But love your enemies and do good, and lend, expecting nothing in return and your reward will be great.” If you are held by the chains of debt and financial insecurity, you not only create anxiety and discomfort that God never wanted for you, but you stop yourself from being able to do the very thing He does want for us all.
Overwhelming Debt: How To Turn Your Finances Around?
The mounting bills may keep you awake at night, but there are steps you can take to change your financial situation and use the resources God gave you more appropriately.
Most importantly, you have to recognize there is a problem. Too often, Christians feel like admitting there is a debt problem is an embarrassment or a failure as a Christian. That couldn’t be further from the truth! In fact, recognizing you have a problem with debt is one of the best ways to show that you want to be obedient to God and a faithful steward. There’s no shame in admitting you have a problem, but plenty in continuing to let the problem grow.
Once you’ve recognized the problem, the next thing to do is simply stop spending! Yes, that sounds easy in theory and hard in application, but the truth is the average American spends about $70,000 in their lifetime on takeout and fast food. Yes, $70,000! No, you don’t have to stop eating out for the rest of your life, but considering that $20 meal at your favorite fast food joint could pay down a credit card two months faster, you have to ask if it’s really worth it? We have a life full of so many unneccessaries (cable, videos, subscription memberships, etc.) that digging your feet in the sand for a little bit to cut the debt out of your life is certainly worth it. And, you’ll find the money you are saving might also show that you don’t even want those things you cut out!
Overwhelming Debt: Turn to professionals who can help.
Sometimes basic cut-back measures simply are not enough. For whatever reason, you find yourself in a financial situation that keeps you up at night—worrying how to provide for even the basic things for your family because your debt is so crippling. You’ve cut out all you can possibly cut out, and you still find yourself drowning in a sea of debt that just looks to consume you.
Don’t let it. The compassionate and professional staff at Christian Debt Counselors not only understands how crushing the weight of debt feels, but how amazing the relief and freedom you find feels when your debt is eliminated.
Proverbs 15:22 says, “Without counsel, plans fail, but with many advisers, they succeed.” The reality is that even if you should find yourself out of debt, there’s no guarantee that you won’t end up right back there unless you recognize how you got there in the first place and how to prevent that. That’s why the staff at Christian Debt Counselors can make such a difference in your financial freedom today and in the future. They’ll work with you to create manageable and individual financial goals and plans that eliminate your debt and take the anxiety and burden of indebtedness off your mind and heart.
What Does The Bible Say About Debt? Manage it Biblically.
Additionally, they’ll do so in a way that follows Biblical financial principles—truly working with you to help you achieve God’s best for your life in all areas, but particularly in the finances that affect so much of our day-to-day life. With financial freedom, you’ll be able to be the joyful and abundant giver that God created us all to be.
The Bible doesn’t say debt is a sin, but it sure isn’t God’s best for you and you don’t have to continue to drown in it any more. Take the first steps to eliminating your debt and managing your finances the way God wants you to. Call Christian Debt Counselors today and break the chains of debt and financial burden.