Daily Archives: February 17, 2015

Our Role in Helping Others Out of Debt

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This past week I got thinking about what the Bible teaches us about helping each other get out of debt. I have been studying personal finance for a few years and I recall reading something over the years which suggested taking extreme action against debt by cutting major living expenses; to the extreme of selling or renting their house and finding someone to live with in the meantime. With very low living expenses as a result, people could then make serious headway out of their debt! As my house is currently my only source of debt, I shrugged off this advice as something that didn’t really apply to me and probably better related to something a recent graduate with high student loans would say to their parents as they moved back into their old bedroom.

Or does it apply to me… in a different way?

I also recall thinking that while living with someone may be great for the debtor, what about the person whose house is invaded? What I did not think about at the time, was whether it is our responsibility as followers of Christ, to help others struggling with debt in such dramatic and simply put… inconvenient ways. Continue reading