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March 21, 2010

Money, the Bible…and Me (Part 7-Debt/Giving)

Speaker: Pastor Joe Ricchuiti
Series: John, Money, the Bible...and Me
Passage: John 13:33-14:11

1.  The Bible does not prohibit the use of credit.  “The Bible does not forbid buying on credit, but it warns against it.  Most Christian financial counselors advise people to use credit only for items that rise in value, such as houses and businesses.  Items that drop in value, such as refrigerators, cars, etc. should be bought with cash.” (The Compact Guide to the Christian Life, p. 208)

2.  The Bible cautions borrowers:

- Borrowing should be limited.  Freedom from debt is the superior position.  Proverbs 22:7

- Must have an asset to cover the debt.

- Seek other means rather than credit (pray, save, defer, do without, rent borrow, practice self-control)

- Don’t use credit as an everyday occurrence (if you don’t have the money the Lord may be saying don’t buy it)

- Perpetual debt is not a good testimony.

- If indebted we must pay our debt.  Psalm 37:21

3.  The Bible cautions against co-signing (especially on high-interest loans) Proverbs 6:1-3; 11:15; 17:18; 22:26-27

Download Files Notes

Topics: Bible, Money, the Bible...and Me
« Money, the Bible…and Me (Part 5-Income/Spending Continued) Questions on an Easter’s Eve »

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About Us

Our church is an independent, non-denominational congregation focused on equipping believers to accomplish all God has for each individual. We emphasize growing to maturity through regular, relevant study of God’s Word, meaningful corporate worship, and fellowship. Del Rio Bible Church was established in 1997 by a … Read More »

Joe Ricchuiti Senior Pastor & Elder Pastor Joe Ricchuiti graduated in 1982 from Dallas Theological Seminary. He holds a Master's Degree in Theology. He's been pastor of Del Rio Bible Church since its inception. Joe and … Learn More »

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