Quotes about Money-Debt

1

The basic rule for avoiding debt is: “Never spend more than you make.”

2

What does God have to say about the impact of all this debt on His people? He tells us in Proverbs 22:7b” “The borrower becomes the lender’s slave.” Debt makes you a slave to your lender. In the Old Testament world if you couldn’t pay your debt on time you became the slave of the lender until you worked off your obligations. In our day, if you borrow money you become the lender’s slave by giving much or most of your income back to the lender.

3

If you want God’s help to get out of debt, you must put God first in your giving. It flies in the face of conventional wisdom, but I have seen many families give their way out of debt.