DOLLARS AND SENSE, Part 2: The Debt Factor
The Bible doesn’t prohibit debt but does provide cautions.
It is not a sin to borrow money.
Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed.V8 Owe no one anything, except to love each other, for the one who loves another has fulfilled the law. Romans 13:7-8 ESV
It is not sin to loan money.
Some Cautions about Debt
 Calculate the cost
For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? Luke 14:28 ESV
 Demonstrate and fulfill your obligation to the lender.
The wicked borrows but does not pay back, but the righteous is generous and gives; Psalm 37:21 ESV
 Does the debt own you are do you own the debt?
The rich rules over the poor, and the borrower is the slave of the lender.
 Beware of cosigning for another individual.
Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure. Proverbs 11:15
 Does debt diminish my generosity?
 Practice thoughtfulness before entering into debt.
Be not one of those who give pledges, who put up security for debts. 27 If you have nothing with which to pay, why should your bed be taken from under you? Proverbs 22:26-27 ESV
 Have and live a plan
Speaker: Brad Hoffmann
February 9, 2020
Proverbs 22:7'>Proverbs 22:7
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