"...and the borrower is slave of the lender," Proverbs 22:7
The book of Proverbs is full of wonderful biblical advice that expresses truth through illustration.
We know this advice to be true, as debt can be an all-encompassing cloud that makes you lose sleep at night. This week's study of God Money looked at debt, how to manage it, and more importantly keeping it under control.
If you own your home, you have debt. This is not 'bad' debt. A home represents shelter for your family and will become an appreciating asset that will bring return.
'Bad' debt is mindless spending. This could be at the grocery store, a convenience store, the mall or my husband's favorite example...Sonic, (just a mere $2 and change for a route 44).
Dr. Rick Garner also classified uncontrollable debt due to unforeseen circumstances, perhaps like an illness or severe emergency.
Controlling spending via, (let us all say this together with a smile)...a budget will help free up some cash to spend down on debt.
As those debts disappear, imagine how you will feel! The vice grip of tension will subside and you can feel some true joy!
A shekel was the standard of weight and value used by Hebrews. When it became a coined piece of money, a shekel was equal to about 2 pounds of our money. That makes the Sonic run a bit heavier, (I opted for a medium today!).
God Money continues this Sunday (2/13/11) around the principle of saving.
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