Biblical Answer

Dealing with Debt

If you find yourself unable to pay the bills, it is essential to acknowledge the root of the problem. Fear is often the primary motivator for financial struggles. This fear can stem from various sources, including the fear of not getting the job of one's dreams or the fear of being stuck in a job that one hates. It is crucial to recognize that these fears are often unfounded and can lead to unhealthy financial decisions.

The Biblical Perspective on Debt

The Bible does not explicitly outlaw debt, but it does emphasize the importance of financial responsibility. According to Larry Burkett, a financial adviser, the scriptural definition of debt is the inability to meet obligations agreed upon. The Bible encourages believers to live debt-free, but it also acknowledges that some debt is unavoidable. In such cases, it is essential to prioritize needs over wants and to seek help from financial experts.

Canceling Debt

In some cases, debt may be impossible to repay. When this is the case, it is essential to cancel the debt. This can be done by making a conscious decision to forgive the debt and declaring, "You don't owe me anymore." This approach is rooted in the biblical principle of forgiveness and can lead to a healthier and more peaceful financial situation. By canceling debt, individuals can break free from the cycle of debt and focus on building a more secure financial future.