Biblical Answer

Understanding Debt in the Biblical Context

Debt, in the biblical context, refers to the inability to meet obligations agreed upon. This means that if you have taken on debt, such as a mortgage or a car loan, and are able to make the payments, then you are not in debt in the biblical sense. However, if you are unable to meet your financial obligations, such as paying bills or meeting financial commitments, then you are in debt.

Getting Out of Debt: A Moral Imperative

Christians are called to get out of debt because it is seen as immoral to accumulate debt beyond what we can manage. This means that we should avoid taking on debt unless it is absolutely necessary, and we should prioritize paying off our debts as quickly as possible. In fact, the Bible teaches that debt is a form of bondage, and that Christians should seek to be free from debt. This means that we should be proactive in paying off our debts, rather than just paying the minimum payment each month.

Practical Steps to Get Out of Debt

To get out of debt, we need to take practical steps to prioritize our finances and make sacrifices if necessary. This may mean cutting back on non-essential expenses, increasing our income, and using any extra money to pay off our debts. We should also be willing to make difficult decisions, such as selling assets or making lifestyle changes, in order to get out of debt. Ultimately, getting out of debt requires a commitment to living within our means and prioritizing our financial obligations. By doing so, we can break free from the bondage of debt and live a more financially stable and secure life.