As debt is becoming the most widely used financial term in today’s economy, we can hear everyone starting from our parents to the national politicians talk aloud about its damages and impending dangers. We are now familiar with all jargons and terminologies related to financial troubles and deficits, along with various debt relief options called debt settlement plans and debt consolidation solutions etc. But have you ever wondered about what the holy scriptures of The Bible says about debt, credit and debtors? It is intriguing as well as ambiguous to know the numerous connotations and significance of debt according to Bible and its verses, apart from the different ways people have conveyed the meanings. Nevertheless, Bible’s enlightening implications on debt can build one’s faith and conviction on the holy book through which God wants convey that “Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.” (Romans 13:8)
According to The Bible, when a person borrows from someone, he/she goes into a slave/mastership relationship with the lender and thus the borrower should pay back the lender soon, but then it also asks us to lend to others in need. However, no portion of bible mentions that it is sin to be in debt. God definitely does not want us to remain enslaved to debt, when he has come in the form of Jesus to free us from all our bondages. The Bible also signifies that God always want his children to lead a free and debt-free Christian life, but we as the only stewards of our ship named life, exercise free will in managing and sometimes mismanaging our money, by spending more than we earn, which ultimately leads us to debts and deficits. Thus it does not matter how much does God provides, for as long as we keep spending more than we earn, we will never be free from our debts. God has provided us the opportunity to use our finances to build his kingdom, as every decision we make to utilize our finances can be much greater than we realize. The treasure to love is kept open to us, it is just up to us where we want to store it; under the earth or up on the heaven!
According to The Bible, when a person borrows from someone, he/she goes into a slave/mastership relationship with the lender and thus the borrower should pay back the lender soon, but then it also asks us to lend to others in need. However, no portion of bible mentions that it is sin to be in debt. God definitely does not want us to remain enslaved to debt, when he has come in the form of Jesus to free us from all our bondages. The Bible also signifies that God always want his children to lead a free and debt-free Christian life, but we as the only stewards of our ship named life, exercise free will in managing and sometimes mismanaging our money, by spending more than we earn, which ultimately leads us to debts and deficits. Thus it does not matter how much does God provides, for as long as we keep spending more than we earn, we will never be free from our debts. God has provided us the opportunity to use our finances to build his kingdom, as every decision we make to utilize our finances can be much greater than we realize. The treasure to love is kept open to us, it is just up to us where we want to store it; under the earth or up on the heaven!
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