Dining
your way into debt?

Debt
for dinner. Credit cards for breakfast. Restaurants can burn a hole in your pocket. Dining is an expensive business for the average American. Movies, dinner dates, gifts etc. etc. These
are costly items. Try creative ways to limit your spending. Watching the stars.
Buying a cheap meal to the seaside or bring along a candlestick goes a long way
in keeping your budget healthy.
Needless
to say, the Bible discourages debt because it presumes upon the future - and on
God. If you are concerned about economic uncertainty, the last thing you want
to do is to take anything about the future for granted.
Debt
has two primary dangers.
First,
debt always presumes upon the future. If you go into debt, you are obligated to
repay - yet you take on that obligation without knowing for certain whether you
will be able to repay or not. You may enter a relationship in debt!
Second,
debt may deny Him an opportunity to work. If you are already in debt before starting
a relationship, it becomes very difficult to move on.
Action
Item:
If the
financial forecast calls for difficult times ahead, you should work to get rid
of all debt. To do otherwise is to presume on the future - and that of your future
spouse.
Today's
Bottom Line
Debt
- the flip side of compounding
- works against you financially.
Calculate
your loan interest as well as your compounding interest with our calculators.
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