Biblical Answer

The Biblical View of Debt

The Bible teaches us that debt is not inherently wrong. In fact, God Himself is often referred to as a creditor, and we are all His debtors (Psalm 130:3). However, the Bible also warns against the dangers of debt, particularly when it becomes excessive and prevents us from meeting our obligations. Larry Burkett, a financial advisor, defines debt as the inability to meet obligations agreed upon (2 Corinthians 11:9). This definition highlights the importance of being responsible with our finances and avoiding excessive borrowing.

Biblical Principles for Managing Debt

The Bible offers several principles for managing debt, including living below our means, being content with what we have, and avoiding unnecessary expenses (Hebrews 13:5). We are also encouraged to be diligent in paying off our debts, as this demonstrates our trustworthiness and responsibility (Proverbs 22:7). Furthermore, the Bible teaches us to be generous and give to those in need, but this should not be done at the expense of our financial obligations (Matthew 6:24). By following these principles, we can avoid the pitfalls of debt and live a life of financial freedom.

The Importance of Forgiveness and Obedience

The Bible also teaches us about the importance of forgiveness and obedience in our relationships with others. When we forgive others, we are not only releasing them from their debt to us, but also ourselves from the burden of resentment and anger (Matthew 6:14-15). Similarly, when we obey God's commands, we demonstrate our love and loyalty to Him, and we can expect His blessing and favor in return (John 14:15). As we strive to live a life of obedience and forgiveness, we can experience true freedom and peace, both in our relationships with others and in our walk with God. As the Bible says, "Let your one continuing debt be the debt of love" (Romans 13:8). By prioritizing love and obedience, we can avoid the pitfalls of debt and live a life that honors God.