Trinity Baptist Church

Dave Ramsey says, “Debt is dumb.”  I read somewhere that national statistics show Americans spend an average of $1.26 for every dollar they earn. If that’s the case, and if Dave Ramsey is correct, we are a nation filled with dumb people.

I have lived on both sides of the debt fence.  I have been so deep in debt, that I didn’t know how I would ever see the light at the end of the tunnel, and I have lived debt-free.  Debt-free is much better. I have made money on borrowed money, but I have also seen investments turn out quite differently than I had hoped.  I have also learned that the Bible teaches us to live within our means, and for the Christian, that should be our highest motivation.

When people in the younger years of their adult-hood purchase a house, it is usually necessary to secure a mortgage loan. People have to have a place to live.  There are instances when renting is a better option than buying, and if the decision is made to buy a house, people are wise to set a realistic price range within which they intend to shop, and only shop in that price range.

Getting out of debt requires a planned approach.  It will be very unlikely that it just happens.  A good approach is to begin with debts that have the smallest balance, and pay as much extra on that debt, as possible, until it is paid off, then go to the next one.

The Bible says, “If the Son shall make you free, you shall be free indeed.”  If you are in financial bondage, you are not free.