Debt Free Christian
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 several areas that should be looked at in order to become the debt free Christian God wants us to be. This site is organized by topic and sub-topic with each of the main topics listed below and an overview of each.
Debt Reduction
Debt reduction is a starting point for most people who desire to get out from under a heavy debt load and beome a debt free Christian. There are many smart ways to reduce debt through careful planning and wise use of resources. There are also examples of some very unwise ways to reduce debt that cause many people to end up in worse shape than when they started. Shortcuts don't work!
The debt reduction section includes information on consolidation loans and the companies that offer them including what to look for when considering this type of debt reduction technique and how to know if this is a wise financial strategy for you.
Budgeting
Using the budgeting techniques in this section you will be able to set up and maintain a working budget as well as learn strategies to help you start saving money today! Cash flow analysis, setting up a personal and family budget as well as topics on tithing and high interest savings accounts are all covered under this section.
This section is really the key to starting down the road to becoming a debt free Christian. Be sure to spend some time on the topics included and take the action steps provided to setting up a cash flow analysis and budgeting plan.
Financial Calculators
Financial calculators are a great way to analyze your current debt situation and begin an action plan for getting out of debt and becoming a debt free Christian. This section of the website includes calculators to analyze your debt-to-income ratio (just like the bank) including a guideline so you know exactly where you stand in the eyes of lenders. Also included in this section are tools to calculate total debt and interest rates in order to analyze how many months you have left to pay on the total of all your debts as well as how much time and interest could be saved by adding a small amount to your payment each month - this is an extremely powerful insight that is free to use!
Search this section of the site to learn about your personal debt situation and use that information to develop a plan of action. Print out the free debt repayment schedule and cross each month off as you get closer to becoming a true debt free Christian.
Debt Management
The debt management section explores topics such as managing multiple credit cards, what to consider before getting a loan and several money management tips to help establish a firm financial foundation that you can live with for the future.
Even after someone becomes a debt free Christian it is important to be vigilant to continue to manage money and educate yourself on how the ever changing financial markets work. Understanding your credit score and how to avoid debt are topics that are covered under this section of the site as well.
God bless you on your journey to becoming a debt free Christian!