#Scriptures on finances how to#
#Scriptures on finances full#

On the contrary, He wants us to handle our money His way so that it doesn’t have to consume so much of our time, energy, and thoughts. God does not want us to be careless with our money. When you’re in debt, it consumes your life. Think about it: When you have debt, are living paycheck to paycheck, or don’t know how you’re going to pay next month’s electric bill, money becomes your idol. I was thinking about how when we were debt-ridden, jobless, and stressed about money, we were serving money. I truly feel that God gave me a revelation about this verse of Scripture a few months ago. You cannot serve both God and money.” (Matthew 6:24 NIV) Either you will hate the one and love the other, or you will be devoted to the one and despise the other. Repaying our debts honors God and is the morally right thing to do.ĭo I think that God will hate you or shun you if you have to declare bankruptcy or negotiate a settlement for your debt? No, but I do believe that unless we attempt all that we can to pay our creditors, we are not honoring God with our finances. I want to dive deeper into this concept on another episode, but the main point is: It would have been better for me to pay all that was owed, including interest and fees, but I still paid the balance that I had actually charged on the card. At that point, I was able to negotiate the debt with the collection agency for the balance I had accrued minus fees and interest. Now, at one point, we were behind on paying one of the credit cards, so it went to collections. So I sold off the inventory, found a new job, and worked a few side hustles to make sure we could pay our debts. I knew I was a capable, young woman and would need to figure out a way to make it work. So when I lost my 9-5 job, and so did my husband, we had a load of debt and no income to pay it off. No one forced me to spend money I did not have to build a business I had not yet proved could sustain itself. I chose to open a business on credit cards. Our debt (let's be honest, my debt, my husband was just along for the ride LOL) was a choice. Why? Because the debt was mine and mine alone. I am not here to judge and can undoubtedly understand times when bankruptcy is the only option for people, but as a Christian, I felt that I had a moral obligation to pay my debts. I remember when we were paying off debt on a low combined income, struggling to pay our rent and water bills each month, that I considered bankruptcy. 'The wicked borrow and do not repay, but the righteous give generously.' (Psalm 37:21 NIV) I want to outline four things the Bible does say about debt and some tips to follow His guidance on the matter. But the greatest part is that you know better now, can show yourself grace, and move forward! Perhaps you aren't in debt because of an emergency, but because of your own spending habits, living above your means, or just careless budgeting and overspending (been there, done that, got out of it, and so can you).

#Scriptures on finances full#

I also started a business on credit cards once, which is the reason we were over $20,000 in debt just a few short years ago, and it also brought on a lot of anxiety and frustration when we lost our full time jobs and were strapped with debt! Why does it stink to have debt? Because not only are dealing with an emergency, you're also dealing with the anxiety of having to pay for that emergency with a high-interest credit card or personal loan because there is no cash to take care of it. Let me start by saying that I have been in situations where we had no choice but to use debt (a credit card, personal loan, etc.) to pay for emergencies.and it stinks.

#Scriptures on finances how to#

On the contrary, many Scriptures do give us direction and instruction about how to handle money, specifically, debt. I know there are a lot of assumptions, preconceived notions, and 'myths' about what God has to say about money.