A young couple with mounds of debt came to me for help. They had student loans, a mortgage, a car loan, and credit card debt. They were stressed out and living paycheck to paycheck.
While counseling them, we first went to Scripture. I explained the verse in Proverbs 22:7 – “the borrower is slave to the lender”. The Bible says we’re enslaved because debt prevents us from being completely free. It’s like having a cloud hanging over your head all the time. When we’re free from debt, we’re more available to use our money to serve God and others.
Now, the Bible never says that having debt itself is a sin.
However, it strongly warns us against it because of the harmful effects [it has on us]. Remember how this couple felt? Stressed out and stretched thin.
So if you’re in debt and feeling the same way, start with our video series, 5 Steps to Debt Free Living,. Find it for free at crown.org/money
