When I think about debt and the biblical view to managing it, the first thought that comes into my mind is the verse in Deuteronomy that says that the people of God will be lenders to many nations, and never borrowers (Deut 28:12). God created his people to be the example of financial prosperity in the world so that others would see our lives and see how rich and glorious our God is. Our lives, financially, should reflect the glory of God! Carrying debt is like carrying baggage and does not mirror his word for his people.
As my husband and I have been learning and applying Kingdom financial principles more and more in our own marriage, I have spent many days studying Scripture, then looking at my own finances, and wondering why the two didn’t line up. If God says I am to lend and not borrow, why do I have so much debt? I thought that being a Christian automatically meant that I was shielded from debt! (Bursts into laughter). Well, not exactly.
Here’s what I’m learning about what the Bible says on our financial debts and how to manage them with wisdom:
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