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If you are a pastor, a small groups leader, or just a christian, this newsletter is for you. A source of financial tips, inspiration, and vision for expanding God's kingdom through Biblical financial freedom.
 
 
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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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Owner of credit cards, or owner of debt?

 

Scriptural Financial Freedom Obtaining God's Blessing

 

 

 

 

 

Owner of credit cards, or owner of debt?

Credit Cards in perspective

The Amercian culture says credit is an important part of your financial identity. The more credit cards you have, the better your lifestyle. Anything is within your grasp as long as you can flash out your credit cards. Is there a flaw with that view?

Pick up any newspaper today and you'll read about the failure of a major financial institution, crushed under the burden of debt. Yet the Bible doesn't say that debt is a sin nor does it say credit cards are tools of the enemy. The Bible does say that not repaying your debt is a sin.

 

Think about the last major purchases that you made - a car, furnitures, or some electronic applicance. Maybe a notebook. Did you use credit cards to pay for them? Were they made with installments? What were the reasons you bought them.

Now open your wallet or purse and remove all your credit cards that you have with you. Lay them out before you and think through how much you owe on each card. Add it all up. Without considering your housing loan or auto loan, ask yourself about your debt situation. Have you been wise in using your credit cards?

If not, well, the past is history - you can't undo those decisions. You may be able to correct some of them. But what you can do is start following the financial principles laid out in Scriptual Financial Freedom today.

 

Today's Bottom Line

Commit yourself to avoiding a consumptive lifestyle, and submitting your credit cards to the Lordship of Christ.


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!


This article is from financial articles


 


 

 

Financial Freedom Tips & Toolbox

Today's Pick: The dangers of Debt The Dangers of Debt by [Stacy Johnson]

 

 

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