Saturday, April 26, 2008

The Reality of Debt

This morning's topic is one of the hardest for me, because I know so many of us deal with debt. We deal with it because we wanted to go to college and couldn't afford it. We deal with it because we wanted to invest in a house we could call our own. We deal with it because we've made really bad decisions and bought things we can't afford. No matter the reason, it is no fun.

I want to give you a couple of resources for you to use. The first is my absolute favorite when it comes to money: www.daveramsey.com. If you've never heard Dave before, he is a real stitch. He has a way of pointing out the painful truth in a way that adds a bit of humor. He also has real answers, if we're ready to listen. Check out his mortgage calculator as well. Do the math and figure out how much you could save on your house payment (it works for cars and other debts as well; there are other savings/debt calculators too) if you simply paid an extra $100 a month.

Also, www.crown.org is the site for Crown Financial Ministries. They host a radio program, and have many resources available on their site.

Don't just be a victim of debt. Turn the situation around and show what we can do when we are wise stewards with what God has blessed us with.

1 comment:

Chris said...

Dustin,

Barry Cameron made one other point in the ABC's that really made Todd and I think about getting out of debt. When we go into debt we make a big, big assumption that we will live long enough to pay it off. James 4:13-15 says that we do not even know what will happen tomorrow, let alone 5, 10 or 30 years. And Psalm 37:21 says that the wicked borrow and do not repay. Together that makes debt risky. So this is certainly a difficult and tough topic. I'm glad that Jeff St. is making it a priority to talk about it and teach how to be better stewards of our finances.
By the way, cool blog.