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Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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Avoid Living The American Debt

 

Scriptural Financial Freedom Obtaining God's blessings

 

 

 

 

 

The nightmare of The American dream

Dating your way into debt?

While the economy may be seeing some signs of trouble, personal debt is stressing out a lot of Americans - according to a recent poll. In fact, according to the new Associated Press poll, about half of all Americans say they suffer from debt-related stress. With the nation's unemployment at 10 percent, many Americans say it's tough to find work to pay off their credit cards and other bills.

Restaurants and shopping can burn a hole in your pocket. Spending is an expensive business for the average American. Movies, dinner dates, gifts etc. etc. These are costly items. Try creative ways to limit your spending. Watching the stars. Buying a cheap meal to the seaside or bring along a candlestick goes a long way in keeping your budget healthy.

 

owe

Needless to say, the Bible discourages debt because it presumes upon the future - and on God. If you are concerned about economic uncertainty, the last thing you want to do is to take anything about the future for granted.

Debt has two primary dangers.

First, debt always presumes upon the future. If you go into debt, you are obligated to repay - yet you take on that obligation without knowing for certain whether you will be able to repay or not. You may enter a relationship in debt!

Second, debt may deny Him an opportunity to work. If you are already in debt before starting a relationship, it becomes very difficult to move on.

Action Item:

profit

If the financial forecast calls for difficult times ahead, you should work to get rid of all debt. To do otherwise is to presume on the future - and that of your future spouse.

 

Today's Bottom Line

Debt - the flip side of compounding - works against you financially.

The Bible does show many ways to overcome any financial crisis. Many of these principles are laid out in our successful course, the Scriptural Financial Freedom series. To learn more, you can download the Small Groups kit from our estore.

Calculate your mortgage, credit card repayment, loan interest as well as your compounding interest and more with our 25 calculators!


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Financial Freedom Tips & Toolbox

Today's Pick: Money, God and us Money, God and us by [Ian Goligher]

 

 

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