The Art of Strategies

These biblical principles help us to have a correct view of debts, and to handle them with wisdom and fear of God. Debt is a reality that affects many people and families in today's world.  Debt is not a sin, but it is not a blessing either.  They are a tool that we can use to achieve our goals, as long as we do so with prudence, generosity, fidelity and gratitude.   Biblical principles governing debt The Bible does not prohibit debt, but it does give us some principles that we must take into account when making financial decisions.  These principles are: Be prudent and responsible Proverbs 22:7 says,  "The rich lord it over the poor, and the borrower is servant to the lender  . "  This means that we must avoid borrowing more than we can pay, and that we must meet our payment commitments.  We must not be slaves to debts or interest.  This suggests the importance of not going into debt irresponsibly, as it can lead to a dependency relationship...