Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. — George Prentice
Choose your slavery wisely, friends. Make sure it’s something worth being enslaved to.
Please know that debt = slavery. If you choose to go into debt, do it very carefully.
Okay, so right now you might be thinking, Whoa, Pete! Are you permitting debt? Debt is a sin. It says so in Romans.
Let no debt remain outstanding, except the continuing debt to love one another... (13:8)
Right there in the Scriptures it commands us to have no debt, right? Not really. Paul isn’t talking about financial debt in this passage. Instead, he was encouraging his readers to be clothed in Christ and to love one another. In short, don’t let the debt of loving each other remain outstanding.
That said, if you want to draw a general principle from this text, it would be this: Pay what you owe.
If you owe taxes, pay them. A mortgage? Pay it. Did you take out a credit card to remodel your kitchen? Pay it.
Pay it. Pay it. Pay it. And while you’re paying it, realize that you’re enslaved to the payment. Your dollars are tied up because you bought dollars for things you couldn’t initially afford.
You are enslaved. The creditor rules over your finances right now as your dollars are tied up paying off dollars.
Does God want you to be enslaved to that thing for which you are paying? Or what about that next big purchase you are considering?
Listen, before you sign that loan document and enter into slavery, before you put your next purchase on your credit card, ask yourself, Is this item worth the slavery? What will I not be able to do because I’m buying this? Will this lock me into a job I hate so I can pay off debt? Will this cause stress at home? Can I still give as the Spirit leads?
Remember: Debt = slavery. It’s not sinful, but is it worth it?
Jesus, when I sort the invaluable from the valuable in my life, I find there is one thing of worth: People. Set me free from a need for material wealth. Let my only debt be to love those in my life. Amen.
Taken from Pete’s series Finding Freedom in Your Finances.