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God's Money and You Part 11: Debt Pt. 2
By Pastor Philip Howle
web posted October 24, 2012
RELIGION – We looked at the Bible’s view
of debt last week. Scripture indicates that we should never undertake
debt without prayerful consideration and good reasons. Before we get
into any form of debt, it is suggested by Randy Alcorn that we should
ask the following questions:
· Is the risk called for?
· Do the benefits of becoming servants to the
lender really outweigh the costs?
· What should we ask ourselves before going
· Is the fact that I don’t have enough
resources to pay cash for something God’s way of telling me it isn’t
His will for me to buy it?
· Or is it possible that this thing may have
been God’s will but poor choices put me in a position where I can’t
afford to buy it?
· Wouldn’t I do better to learn God’s lesson
by foregoing it until—by His provision and my diligence—I save enough
money to buy it?
What I find that pervades most peoples use of debt is a set of wrong
We need more than God has given us.
God doesn’t know best what our needs are.
God has failed to provide for our needs, forcing us to take
matters into our own hands.
If God doesn’t come through the way we think He should, we can
find another way.
It is important that you develop convictions against being a slave to
debt, because people with Biblical convictions against incurring debt
will usually find a way to avoid it. However, those without a
firm conviction against going into debt will justify their need of the
debt to purchase the “essential” item. Look at your life and understand
that the more you’re inclined to go into debt, the more probable it is
that you shouldn’t.
Here is the last of the good advice I have collected from different
First, nothing is a good deal unless you can afford it.
Think about finding a deal on a $300,000 house that you can buy for
$215,000. This sounds like a great deal right? Yes, but only if you can
reasonably afford the $215,000 price tag. Please understand that God is
not behind every good deal! Self-control means turning down most
good deals on things we want because God may have other plans for His
money. Sadly, many people step into financial bondage because they
spend money they don’t have in order to pay for a “once in a lifetime
Second, you don’t save money by spending money. My wife has taught
me this. Saving money is setting it aside for a future purpose.
Spending money is making it disappear. If you buy a $70 jacket on
sale for $35, how much do you save? Nothing! You spent $35.
Third, just because you can afford something doesn’t mean that God
wants you to, or that you should buy it.
Fourth, please understand the manipulative nature of
advertising. Commercials and advertisements are designed to steal
your money! Advertising thrives on instilling discontent. People
make their living by persuading you to buy things you don’t need.
Fifth, little expenses add up to big problems. Look at your
expenses. Do you smoke, aside from the health risks, it is
expensive! A pack a day smoker will easily burn up a $1,000
dollars this year! Do you eat lunch out? A few times a week adds up
quick. Be aware of your little expenses. Small leaks will create
A few more small things and I will leave your money alone. But I pray
you don’t leave money alone, but work and seek to utilize it as best
you can for your well being and God’s kingdom. I know I have been
preaching the Bible as pretty anti-debt. I do hold to my conclusions,
but what about borrowing to buy a house? Randy Alcorn says that “Most
Christian financial counselors put home mortgages in a different
category from other debts. The reason is that the loan is secured by
the house’s equity. If something came up and payments can’t be made,
the home can be sold and the equity—which is the current sale value of
the house minus the amount still owed on the mortgage—can be regained.”
Sadly, many homeowners end up buying a house that’s out of their price
range. We all need shelter, but do we need a particular house in
a certain neighborhood? We all need food, but do we need to eat out so
often? We need clothes, but do we need designer labels?
· “Guard against every kind of greed. Life is
not measured by how much you own” (Luke 12:15);
· “I have learned how to be content with
whatever I have. . . . I have learned the secret of living in
every situation, whether it is with a full stomach or empty, with
plenty or little” (Philippians 4:11-12).
· “True godliness with contentment is itself
great wealth. After all, we brought nothing with us when we came into
the world, and we can’t take anything with us when we leave it. So if
we have enough food and clothing, let us be content” (1 Timothy
· “Those who love money will never have
enough. How meaningless to think that wealth brings true happiness!”
Praying blessings on your and my finances! Pastor Phillip
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