Biblical Answer

Debt and forgiveness are closely related in the Bible, as seen in Jesus' parable of the unforgiving servant. The servant is forgiven a debt he cannot repay, and yet he fails to forgive his fellow servant who owes him a smaller debt. This teaches us that forgiveness is a matter of the heart, and that we must forgive others just as God has forgiven us.

The Bible does not outlaw debt outright, but rather emphasizes the importance of living within our means and being responsible with our finances. Larry Burkett, a financial adviser, notes that the scriptural definition of debt is the inability to meet obligations agreed upon. This means that debt is not inherently bad, but rather becomes a problem when we are unable to pay our debts.

To achieve financial freedom and become debt-free, we must first confront our debts and take responsibility for our financial situation. This involves identifying the debts we owe and the debts others owe us, and then canceling them through an act of our will. As the passage states, "You don't owe me, you don't owe me, you don't owe me anymore." This means that we must let go of our expectations and demands for payment, and instead choose to forgive and release others from their debts to us. By doing so, we can experience freedom from the burden of debt and live a life that reflects Christian values and teachings.