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Is Debt Getting Out of Debt Even Possible Anymore? Living the life of a debt free Christian seems like a dream to most people. Society is built to encourage personal debt through credit cards and rent-to-own merchandise. In the Bible, Proverbs 22:7 says “The rich rule over the poor, and the borrower is servant to the lender.” NIV. Do you enjoy making that credit card payment every month? Do you ever feel resentment toward the thing you purchased on credit or to the person you owe? No matter what the amount is the debt can be overcome! There are three things that should be accomplished in order to become the debt free Christian God wants us to be. First, an honest cash flow analysis should be created, the giving principles in the Bible should be implemented, and future purchases should be disciplined expenditures according to a realistic budget. Below is a look at each of these three areas in more detail. Cash Flow Analysis In order to understand how to reach the goal of becoming a debt free Christian an honest assessment of the current financial situation needs to be completed. You can do this yourself by finding a cash flow or budget spreadsheet and tracking your expenditures for the month. Different Excel spreadsheets can be found online at microsoft.com and by searching for “budget templates”. Once you have the template you will utilize this to track any expenses you have each day no matter how small. In order to gain an accurate picture of spending patterns, the expenditures should be tracked for at least one month (assuming all bills are monthly or more frequent). Spend time looking at the things that were purchased during the month and how many of those were consumables such as meals eaten out, or coffee drinks from the local coffee house. Finding a less expensive alternative or foregoing these items altogether will allow more money for paying down debt. Getting debt free will take discipline if progress is going to be made on outstanding debt. Consider alternatives such as packing a lunch instead of going out for lunch each day. A healthy and filling lunch can be made for about 25% of what it costs to eat out. Saving five dollars a day on meals during the week equates to an additional one hundred dollars a month! More tips and practical money saving ideas can be found in the section entitled debt free tips. Becoming Debt Free through Giving God promises blessings to those who give and are faithful in the tithe. “Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this, says the LORD Almighty, and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.”

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Malachi 3:10 NIV The tithe represents a tenth of everything you make that belongs to God. In reality everything we have belongs to God but the tithe allows us to establish God’s ownership and our stewardship. By giving we can actually bring a blessing upon ourselves which is vital to the success of becoming a debt free Christian. It may be hard to see how tithing will increase your income or help you pay down debt, but test the Lord and see how you will be blessed through this avenue of obedience. Using Discipline for Future Purchases through Budgeting Once you know where your money is being spent and you have dedicated yourself to becoming a tithe paying person it is time to focus on the discipline it will take to gradually get out of debt. If you are married it is very important to pray with your spouse and be on the same page with the guidelines you have decided upon for future purchases. Make a decision to hold one another accountable for any purchases over a certain dollar amount that you decide upon. Keep in mind the goal that you have and the benefits and freedom you will feel once you have become debt free. It may help to print out each debt you have and place them on the refrigerator door so that you can track the progress of the paying down of each bill. It will help to start with your smallest bill no matter what the interest rate is and pay it off first. You can easily create a schedule for paying your bills using the debt snowball method and see how much time and interest can be saved. Try the Debt Snowball Calculator here. It is important just to get started and with each bill that is paid off you will gain confidence and have more money to roll onto your next largest debt. Click on the link to see the Debt Snowball Calculator in action. You can find additional tips on knocking down debt quickly by visiting our website at www.debt-free-christian.com. By following the Biblical principles laid out in God’s Word for giving and being a wise steward of the finances you have you can realize the dream to become a debt free Christian.

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