Daily Archive

The Bible says we are to lend and not to borrow. It does not mean borrowing is a sin but, to be the lender, we have to have financial wisdom. Wisdom in any aspect of life comes from God and good counsel. In regards to managing our finances, we should pray, speak with financial advisors, accountants, or anyone we know who is good with managing money. We don’t have to be rich. We just have to be good stewards over our finances.

For example, if there was a person who had three bills ($10,000 bill, $5,000 bill, and $1,000 bill) which made them be $16,000 in debt, that person should use the “Snowball Method” to cancel their debt. The “Snowball Method” starts off by paying off the lowest bill first. After paying off the lowest bill ($1,000), they should use the extra money they will be saving to pay off the next lowest bill ($5,000). Finally, after paying off the next lowest bill they should use the extra money to pay off the highest bill ($10,000). This is one way a person can speed up the process of becoming and staying debt free.

To be lenders and good stewards over our finances, we should seek Spirit led financial counsel.
Praise God for debt freedom!

Deuteronomy 15:6 For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.