We live in a world that seems to thrive on debt. Most educated
individuals go into debt to get through school. Most people get loans to
purchase a car or a house. Most have multiple credit cards that are used
constantly. It seems that we live in a society that teaches "if you
can't afford it now, you will tomorrow." Debt has its purpose.
It allows people to invest in things that are necessary, but are
unreasonable to pay upfront. Like in most things, the adversary uses
these tools to deceive and to enslave.
He tempts us by rationalizing wants as needs, or making interest seem
harmless with small introductory rates that eventually grow to unbearable
levels. We are counseled to avoid debt
at all costs. Purchase a used car with
cash if you can before investing in a new car.
Learn to be frugal with the financial blessings that you are given and
the Lord will bless you with more.
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