Biblical Answer

Feeling Overwhelmed by Debt: A Biblical Perspective

Feeling overwhelmed by debt is a common experience for many people. It can create anxiety and stress, affecting not only one's financial well-being but also their mental and emotional health. From a biblical perspective, debt is not inherently bad, but it can become problematic when it interferes with one's ability to meet their basic needs or obligations.

In 1 Corinthians 7:23, Paul writes, "You were bought at a price; do not become slaves of men." This verse highlights the concept of being a bondservant of Christ, recognizing that we are not our own but belong to Him. This sense of indebtedness to Christ should motivate us to live a life of obedience and stewardship, including our financial decisions. As Christians, we are called to manage our resources responsibly, not accumulating debt that hinders our ability to serve God and others.

When it comes to debt, it's essential to distinguish between a contract (e.g., credit card agreement) and a debt in the biblical sense. According to financial advisor Larry Burkett, a debt occurs when we fail to meet our obligations, violating the terms of a contract. Christians are encouraged to get out of debt when possible, sticking to a budget, and prioritizing their financial responsibilities. By doing so, we can live a life that reflects our commitment to Christ, avoiding the stress and anxiety that comes with overwhelming debt. Ultimately, our goal should be to honor God with our finances, using our resources to serve Him and others, rather than being slaves to our financial obligations. (1 Corinthians 6:19-20).