Monday, April 21, 2014

Dumping Debt: 5 Biblical Principles

I wanted to share 5 Principles of Biblical Finance from Dave Ramsey. 
I have to constantly remind myself that we are just managing the money that God has given us, and not become possessive of it.

1. Become Debt Free:
 "The rich rules over the poor, and the borrower is slave to the lender." Proverbs 22:7
"Owe no one anything except to love one another, for he who loves another has fulfilled the law." Romans 13:8

2. Live on less than you make:
"In the house of the wise are stores of choice food and oil, but a foolish man devours all he has." Proverbs 21:20

3. Save Money:
"The blessing of the Lord makes one rich, and He adds no sorrow with it." Proverbs 10:22

4. Live on a plan, budget:
"For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it—lest, after he has laid the foundation, and is not able to finish, all who see it begin to mock him, saying, 'This man began to build and was not able to finish'?" Luke 14: 28-30

5. Always Give:
"Now this I say, he who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully. Each one must do just as he has purposed in his heart, not grudgingly or under compulsion, for God loves a cheerful giver. And God is able to make all grace abound to you, so that always having all sufficiency in everything, you may have an abundance for every good deed." 2 Corinthians 9: 6-8



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