The rich ruleth over the poor, and the borrower is servant to the lender.
– Proverbs 22:7 (KJV)
I am in bondage.
Well, at least it seems that way.
I have a car payment. At one
point, I finally resolved to never again buy a car on long term credit. IT IS JUST TOO MUCH. I am actually going to pay it off early, but I know that the loan company doesn’t mind the extra money but hates losing out on the interest payments.
Did I say feel like I am in bondage?
I have to start paying off my student loans. These account for enough of a percentage of my debt that I have considered teaching in a low income school or serving as an AmeriCorps member in order to defer some of the payments on the loans. I think that you can feel in bondage to the federal government because I do.
I feel that I have to make a major decision on the debt, especially as I consider a teaching credential and a MBAprogram within the next year. Both of these will equate to some amount of incurred debt as well as the possible impact on a home purchase within 3 years. My debt to income ratio and credit score can make a difference between a mortgage that I can live with or mortgage that I would be living to pay for.
Money matters can get you down sometimes.
God does not want us living in bondage. God has not designed us for this type of lifestyle that depends more on the paycheck than upon God’s providence. God expects us to lean and depend on Him for our daily sufficiency, not rely upon the economy of the world’s system to so-called “make it.”
I recommend some of these items to help with financial matters:
- http://www.bankrate.com: whether you seek a CD or money market savings account with a higher interest rate or even a different online banking option, here is a good place to start
- http://www.daveramsey.com: Financial Peace and Total Money Makeover are just the beginning of what Dave shares. If you want to become debt free and stop living like a slave to the lender, listen to what Dave has to say.
- http://www.crown.org: Christian financial principles are the best starting place for getting the mindset to place money in its proper place.
I am getting out of it, but it requires sacrifice. I have to supplement my income with other sources such as freelance writing online. I am getting there, but it takes time.
10 He that is faithful in that which is least is faithful also in much: and he that is unjust in the least is unjust also in much.
11 If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?
12 And if ye have not been faithful in that which is another man’s, who shall give you that which is your own?
– Luke 16:10-12 (KJV)