Say Goodbye To Debt Slavery: Romans 13:8
“8) Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.” Romans‬ ‭13:8‬ ‭
Many look at this as an injunction against being in debt. Historically, debt was looked at as a kind of slavery. It came from the picture of the indentured servant. Proverbs 22:7 says, “The rich rules over the poor, and the borrower becomes the lenders slave.”
Living on credit cards actually cuts your spending power substantially. It is a terrible financial position. Some credit card companies collect upwards of 20% interest. When banks pay less than 2% interest on money in a savings account, you can see that credit card companies are running a scam and making slaves of people.
God wants every Christian to trust Him for needs and put their financial house in order. That’s means get out of debt and learn how money works. Jesus spoke extensively about financial principles.
A good starting point would be taking a Dave Ramsey Financial Peace University course. You might want to argue with some of his points, but he has helped millions of people get out of debt and discover the peace of mind that comes with being financially free and do wise investing.
I would encourage you to start early and establish a good savings and investing plan. Little can be much over time and with good discipline. Soon you will be able to put God first in your giving, especially when you have something to give.
Daily Bible Commentary By Terry Baxter: Cofounder of GoServ Global