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Do you think how a person handles money reflects something about their spiritual health and well-being? Do you think one's spiritual life can be affected by debt? If you have successfully banished your debt, do you have tips to share with others?
I am not as resolute or as faithful in my spending as the others who have commented. I needed this article and devotional to prod me toward better stewardship and a renewed/improved relationship with money. Thanks.
Posted by: sue
Posted: 12/31/2007 3:34:50 PM
I loved the articles this month. Having been through a bankruptcy I know exactly how it feels. We were a 2 income earning family, however, when I lost my job we had all the debts for 2 incomes and only 1 income for support. Credit card companies will not work with you - they want their money now. We watched our credit card go from a low interest card to a high interest card because we asked to make a financial rearrangement for our payments. This then snowballed and a $1000 debt on a credit card became $3000 in a few months and $6000 in a few more months. The interest became more and more and more. I would advise others that even if you are a 2 income household never ever exceed the amount of debt that 1 income can pay for. In today's economy you never know what will happen.
Posted by: annonymous
Posted: 10/15/2005 7:35:30 PM
What a great artical this month! As a recent college graduate who is getting ready to go to seminary, I totally feel the burden of debt. And it's hard! My goal of being debt free from my first degree before starting another is becoming more of a dream and less of a reality. But I know with God's help and learning to be more creative with the means I have, it will happen. God provides, not plastic!
Posted by: Virginia Lee Kretschmer (Columbia, SC)
Posted: 10/13/2005 8:48:57 AM
Congregation: Bethlehem Lutheran
I was fortunate to have grown up in a family that looked upon credit cards with suspicion, to say the least...so I was conditioned from an early age to use them prudently. I never keep a balance on my card, and I also do not use credit cards for routine purchases like groceries; it's simply too easy to run up a large balance this way. Also -- my employer has a pension plan, but I also put money into a Roth IRA, and pay that monthly, just like a bill.
Posted by: Ellen
Posted: 10/12/2005 9:07:12 PM
I believe that since we are to be GOOD STEWARDS of our time, money and talents, we should be very responsible at how we should spend these gifts from God. I, personally, have a credit card BUT NEVER USE IT! My husband have the wisdom to discern the differences between our WANTS AND OUR NEEDS.
Posted by: Alice M. Johnson (Burnside, Ia)
Posted: 10/12/2005 8:08:32 PM
Congregation: Immanuel Lutheran
I only buy what I can pay for at the time of purchase. If I don't have the money at that time, why do I think I will have it later. I save my credit card for the purchase of tickets or send flowers.
Posted by: Mary Jahnsen
Posted: 10/12/2005 3:16:43 PM
Congregation: St Matthews
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