Faith & Finance: Debt

A quick search on BibleGateway.com for the word “debt” reveals over twenty verses containing it. The word “loan”, another six, many in the old testament.

The concept of loaning and repaying money is nothing new. Credit Card companies simply took this ancient concept and made it all too convenient to borrow large sums of money for instant gratification. But in the Old Testament, debts among the Israelites were forgiven every seven years. (See Deuteronomy 15)

God did not want His people to live in the bondage of debt on a long term basis. Today, one can declare bankruptcy as a last resort to escape massive debt, but the consequences of this decision have a lasting effect on the debtor. And the years leading up to such an escape are likely filled with stress, endless bills, and phone calls from creditors. This is not what God desires for His children.

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law. Romans 13:7-9

So how do we keep this command?

Perhaps if I had learned sooner what the Bible teaches believers about finances, including debt, I would have avoided the credit card trap. But it was actually over three years after becoming a Christian until I investigated this important topic with my husband.

Don’t wait. The Bible is filled with detailed instructions for handling our money. Join me as we further explore this topic here on the Faith & Finance series.

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About Alyssa Francis

A thirty-something wife and mother of four! Two daughters by birth, one son by marriage, and a sweet baby boy born in April of 2009. Oldest sister of four girls raised by a single mom. California native. Grew up in Hawaii. Somehow ended up in North Texas. Once a single mom. Former agnostic. A survivor of abuse and addiction. Forgiven by a great big God. Married to my best friend.

Comments

  1. Thank you friend for your upfront and Biblical perspective. I {heart} you! :)
    Myra´s last blog post ..Simplifying My Bookcases!

  2. Thanks for sharing this, Alyssa! I wish I would have known more about all of this when we got our first credit card. It would have saved a lot of heartache and work!
    Jennifer @ Saving & Giving´s last blog post ..Four FREE eBooks

  3. Thanks for sharing.

  4. Better late than never, at least you and your husband has investigated and seen what the bible says about it. Sad to say, a lot of Christians still avoid the topic. I’m just thankful that God got hold of me about this early and enabled me to pay off my credit card debt.
    I’m looking forward to hearing the rest of the series, :)

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  1. Faith & Finance: Debt — Kingdom First Mom | Chordband.com - World Of Business says:

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