Biblical Answer

Understanding Debt from a Biblical Perspective

The Bible does not explicitly outlaw debt, but it does emphasize the importance of living debt-free. Financial adviser Larry Burkett clarifies that the scriptural definition of debt is the inability to meet obligations agreed upon. This means that debt is not just about borrowing money, but about being unable to pay back what you owe. As Christians, we are called to be good stewards of the resources God has given us, and living debt-free is an important part of that.

Practical Steps to Getting Out of Debt

So, how can you get out of debt? First, it's essential to understand that paying bills on time is crucial. Ignoring bills can lead to even more debt and financial difficulties. You should also stick to a budget, prioritize your expenses, and make a plan to pay off your debts. This may involve cutting back on unnecessary expenses, increasing your income, or consolidating your debts into a single loan with a lower interest rate. It's also essential to avoid using credit and debit cards excessively, as this can lead to overspending and debt accumulation.

Seeking Guidance and Forgiveness

If you're struggling with debt, it's essential to seek guidance and forgiveness from God. The Bible teaches that God is a forgiving God, and He wants us to live free from burdensome debt. You can pray for wisdom and guidance on how to manage your finances and get out of debt. You can also seek the help of a financial advisor or a trusted friend or family member who can offer support and encouragement. Remember, getting out of debt takes time, discipline, and perseverance, but with God's guidance and your commitment, you can achieve financial freedom.