Biblical Answer

Spiritual guidance powered by AI and grounded in Scripture

Your Question:

how do i get out of debt when i'm already living paycheck to paycheck?

Answer:

My friend, I can relate to the struggle of living paycheck to paycheck. As a pastor, I've seen many people in our congregation facing similar challenges. To get out of debt, you need to take the first step and make a commitment to yourself and to God. This means being honest about your financial situation and acknowledging the debt you owe.

You see, when we buy something on credit terms, it's not necessarily a debt, but when we violate the terms of that contract, that's when scriptural debt occurs. So, if you owe money for goods or services, or if the value of your unsecured liabilities exceeds your total assets, it's time to take action. You need to make a decision to get out of debt, and then make it impossible to go back. This means creating a plan to pay off your debts and sticking to it.

As you work towards getting out of debt, remember that God wants you to be free from burdensome debt. He wants you to find your treasure in Him, not in your finances. So, pray about your finances and ask God to be in charge of them. Ask for guidance and wisdom on how to manage your money and make good financial decisions. And, as you work towards getting out of debt, remember that you're not just doing it for yourself, but also for your family and for God's glory.

Sources:

introduction biblical ethics
robertson mcquilkin
my utmost for his highest
oswald chambers
proverbs
lindsay wilson
power of a praying wife
stormie omartian

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