Reduce Spending to Reduce Debt

Are you workin’ like a dog but, still in debt? Maybe you’ve got a spending problem!

Let me give you the bad news first.

Consumer debt is expected to rise in 2018. A survey from NerdWallet reported that 41% of people say they spend more than they can afford on items they don’t need. Let me repeat that: they spend more than they can afford on items they don’t need!

Lack of planning, bad habits, and extravagant lifestyle choices are things you can change this year. In fact, I urge you to make 2018 the year you surrender control of your income and spending to God.

He is your provider and the owner of everything.

He wants you to live free of financial bondage, because when you’re in debt, you…. the borrower….are a slave to the lender. Got that? Since we don’t see lenders face to face we don’t think about this truth every…single… time we use a credit card. But, we are, in fact, held captive until that money is paid back.

Psalm 37:21 says “The wicked borrows but does not pay back, but the righteous is generous and gives;”

When we’re in debt, our generosity is limited. WE miss the joy in blessing others because we spend money on stuff we don’t need! And, there’s a world of people out there with needs we cannot even fathom.

Now for the good news. You can order your finances in a way that honors God! You can establish a reasonable standard of living. Humble yourself before the Lord and make His priorities yours. Just as Paul learned to be content in whatever situation he was in, so can you. Don’t allow the world to dictate how you spend your money. Ask God to renew your mind!

Be grateful for what you have and reduce that debt as quickly as you can – as you do, you’ll experience the freedom of abundant life that God wants for you!

If you need a plan to get out of debt, and want to learn more about what God says about your finances, I want you to watch our mini video series – 5 Steps to Debt Free Living. It’s free and it’ll help you get out of the financial stress you are in now.. Find it at crown.org/debtfree or call the Crown Help Line at 800-722-1976!