Remember Proverbs 22:7
Are you struggling with debt?
Years ago, a young couple with mounds of debt came to me for help. They had student loans, a mortgage, a car loan, and credit card debt. They were stressed out and living paycheck to paycheck. I told them that Proverbs 22:7 says. “the borrower is a slave to the lender.” The Bible says we’re enslaved because debt prevents us from being completely free. It’s like having a cloud hanging over our heads all the time. When we live free from debt, we can use money to serve God and others. Debt itself is not a sin, but unless managed properly, it can cause you to be stressed out and stretched too thin.
Lifestyle choices often lead people into debt. By breaking the credit habit, you can save and pay for your purchases ahead of time. By saving, you can buy things when they’re on sale and make better spending choices. You can save thousands on groceries by stocking up on nonperishable or frozen groceries when they go on sale. You can pay cash for your children’s shoes, sports, and even cars. Take a serious look at where you spend money. Study your bank and credit card statements. Then record your spending for a month to get a true picture of where all the money is going. Now build a budget to get control of your expenses. The key to saving requires humility, a long-term perspective, and the ability to reject the lies of materialism.
You don’t have to be a “slave to the lender”. Begin saving today and make your money work for you! And if you’re struggling with credit card debt, Christian Credit Counselors are the best. They’ll create a debt management plan specifically for you. For more information visit online at crown.org/ccc.