Unmanageable Indebtedness: More of a Spiritual Issue than Economics

Few people get into unmanageable debt because they cannot add or subtract, which demonstrates financial indebtedness is more than an economic problem. Below are five spiritual sins that can lead a person into the sin of unmanageable debt. Recognition and avoidance of these serve as a formidable protection against unmanageable debt. Rectifying them also serves as a path out of financial bondage.

Greed – wanting more than God has provided you. “But immorality or any impurity or greed must not even be named among you, as is proper among saints; for this you know with certainty, that no immoral or impure person or covetous man, who is an idolater, has an inheritance in the kingdom of Christ and God” (Eph 5:3, 5).

Impatience – believing that God is not providing for your needs or wants fast enough. “I wait for the Lord, my soul does wait, And in His word do I hope” (Ps 130:5).

Pride – believing you deserve more than God has provided. “When pride comes, then comes dishonor. But with the humble is wisdom.” “Pride goes before destruction, And a haughty spirit before stumbling” (Prov 11:2; 16:8).

Lack of trust – believing God does not really love and care about you. “Casting all your anxiety on Him, because He cares for you” (1 Pet 5:7).

Presuming on the grace of God – lack of planning for challenging times. “The ants are not a strong people, But they prepare their food in the summer” (Prov 30:25).

  • There are exceptions, such as the loss of a seemingly stable job or sudden catastrophic health problems, which are beyond most people’s capacity to prepare for.

Discontentment – tying your joy and happiness to things rather than God. “Make sure that your character is free from the love of money, being content with what you have; for He Himself has said, ‘I will never desert you, nor will I ever forsake you”‘ (Heb 13:5).

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Ronnie W. Rogers