Debt Free Living in the 21st Century

In 2005, there were over 2 million bankruptcies filed in the U.S., an increase of 30% over 2004.  However, our materialistic society continues to rely more and more on credit to fund their lifestyle.  The average credit card balance continues to climb each year.  The latest statistics show the average household has over $9,000 in credit card debt.  These trends aren’t likely to change any time soon since credit card companies are simply overwhelming most teenagers with credit card offers.

However, the principles of the Word of God teach us to not be conformed to this world.  That applies to many different avenues of life, but it certainly applies to your financial life.  There is no reason for a child of God to be a mere debt statistic.  The apostle Paul even went so far as to say that we should owe no man anything. 

So how do we transform ourselves from the debt-quagmire of this world?  Unfortunately, you can’t just simply walk away from your financial problems.  However, there are some principles that you can live your life by that will allow you to live a life that is debt free!

Cash vs. Credit

Even though we have become a "plastic society", there’s no reason you should have to conform to that mentality. If you are making a purchase of less than $20 or buying something to eat or drink then it’s a good idea to use cash. You will find that you make very different spending decisions when you use cash than if you just whip out a credit card. When buying with credit cards we tend to spend much more than we would have by just paying with cash.  In fact, when McDonald's began allowing customers to use credit cards, their average sale went from $5 to $7.

About Us  |   Contact Us  | Privacy Policy  |  Links

eChristianMarriage | Gospel Thunder | Ultimate Gift Certificates | FX Trade Signals | eFinanceSoftware

Copyright eChristianFinance.com. All Rights Reserved.