Crown Ministries: "Debt-free living is still God’s plan for His people today. The blessings of becoming debt free go far beyond the financial area. They extend to the spiritual and material realms as well. No one who is financially bound can be spiritually free. The effects of financial bondage on a marriage relationship are devastating. Currently 50 percent of all first-time marriages fail, and the primary reason for the failure is financial incompatibility. Therefore, it is to all Christians’ advantage to strive to become debt free."
- Debt presumes on the future.
- Debt lowers future standards of living.
- Debt focuses on facade decisions rather than real-life decisions.
- Debt leaves people at the mercy of the power of compound interest.
- Debt could delay God’s plan.
- Debt clouds the line that separates wants, desires, and needs.
- Debt encourages impulse buying and overspending.
- Debt stifles resourcefulness.
- Debt eliminates family financial planning.
- Debt teaches children that the world’s method of managing money is normal.
Read more
here
Posts
2 comments:
50% of first marriages fail? Wow, that was such a shock. It may be the same here, I don't know because co-habiting is so common here, and that may skew figures, but 50%? WOW! So sad.
I think this statistic has gone unchanged for some time now. I remember learning about this in college over 20 years ago.
Post a Comment