The Daniel Plan - Finances

How much credit card debt in the average American Household? Average credit card debt: $15,270 Average mortgage debt: $149,925 Average student loan debt: $32,258 What the Bible says about Debt… The Cost of Debt can be fiscal, spiritual, and physical – Proverbs 22:7 The rich rule over the poor,
 and the borrower is slave to the lender. Romans 13:8 Let no debt remain outstanding… Scripture says the when you owe, you are a servant or slave to the lender. And we lose the freedom to choose where to spend. It often becomes stressful to be a slave to the lender. 5 Steps to Becoming Debt Free 1. Acknowledge and Believe it all belongs to God Psalm 24:1 The earth is the Lord’s, and everything in it,
the world, and all who live in it; 2. Stop Borrowing Sounds easy enough, but if it were, everyone would do it. But, it really is the first step. You have to stop. 3. Make and Follow a Spending Plan 4. Develop a Debt Pay Off Plan 5. Trust God

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The Daniel Plan - Finances

Updated a long time ago.

How much credit card debt in the average American Household?

Average credit card debt: $15,270
Average mortgage debt: $149,925
Average student loan debt: $32,258

What the Bible says about Debt…

The Cost of Debt can be fiscal, spiritual, and physical –

Proverbs 22:7 The rich rule over the poor,
 and the borrower is slave to the lender.

Romans 13:8 Let no debt remain outstanding…

Scripture says the when you owe, you are a servant or slave to the lender. And we lose the freedom to choose where to spend. It often becomes stressful to be a slave to the lender.

5 Steps to Becoming Debt Free

1. Acknowledge and Believe it all belongs to God

Psalm 24:1 The earth is the Lord’s, and everything in it,
the world, and all who live in it;

2. Stop Borrowing

Sounds easy enough, but if it were, everyone would do it. But, it really is the first step. You have to stop.

3. Make and Follow a Spending Plan
4. Develop a Debt Pay Off Plan
5. Trust God

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