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Money God's Way, Part 9: Debt

August 20, 2021

Why a blog post on debt right after planning?  Debt is a hindrance.  Debt impairs every aspect of our lives: our ability to plan (both now and for the future), our relationships with others, our relationship with God, and our testimony to the world around us.  Debt is like running a marathon with a 50 pound backpack on- it can be done, but you would have done better without the added weight.  This chapter will focus on three key bible verses.

Proverbs 3:27-28 says, “Do not withhold good from those to whom it is due, when it is in your power to act.  Do not say to your neighbor, “Come back tomorrow and I’ll give it to you”—when you already have it with you.”  Paying debts should be a priority.  I believe it’s one of our biggest priorities after taking care of family. 

Pay bills when they’re due to avoid paying more in interest, especially on credit cards.  When you buy something on a credit card and can’t pay the bill when it comes due in less than 30 days, you are telling God that He is not enough.  That purse, or football tickets, (insert your thing here, whatever it was), was so important for you to have right now, that thing that you are not able pay for right now, is so important that you couldn’t plan to save for it, that you’re not satisfied in your life without it, right now.  It’s a satisfaction/contentment problem.  Going into debt for ‘things’ tells God that ‘I’m not satisfied with You.  I need more.’

These verses also describe how our debts can negatively impact our Christian testimony.  If you’ve ever borrowed money from a friend/relative and haven’t been able to pay it back, how do you think that looks from their perspective?  Your light (see Matthew 5:16) gets dim.  Most of the time it’s a large company that is owed money and we think we’re just another name to them, mostly anonymous.  We should handle all debts with the expectation that the lender identifies us as Christians and take it as seriously as God’s Word takes it.

Proverbs 22:7 says, “The rich rules over the poor, and the borrower is the slave of the lender.”  We are a slave to the debt that we owe.  Someone else owns us when we are in debt.  Have you ever thought about debt this way?  We often celebrate when we pay something off that has been hanging over our head for years- a car, a home, student loans.  We celebrate because the burden has been lifted.  We celebrate our freedom- we’re no longer owned by someone or something else.  This leads into the most important verse on debt.

1 Corinthians 7:23 says, “You were bought with a price; do not become servants of men.”  God sent His Son to this earth to bear the burden of our sins by dying on a cross, so that we can have eternal life.  Because of this, we seek to honor and glorify God by serving Him.  God wants us to be free to serve Him.  When we are burdened by debts, it requires that we serve man and our thoughts and efforts are focused on this, rather than where it should be.


Have you overcome significant debt?  I’d love to hear about it!  If you need help on getting rid of debt, click here to read my blog on pay down strategies.  If you have any questions, email me at or call me at 716-707-1818.

Next Time:  Protecting

The views stated in this letter are not necessarily the opinion of Cetera Investors and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.