How to stay out of debt

Owen Strachan has a very good post about financial strife that many people bring with them to marriage. Debt has a way of creating stress in a marriage and, unfortunately, it is a subject that too few are willing to consider biblically.

In our consumeristic age (now compounded with a growing “government bailout” mentality) the idea that a person should live within his means seems rather quaint. Even Christians are often influenced more by the prevailing cultural attitudes on debt than biblical teaching. Yet, as Proverbs 22:7 summarizes, “the borrower is the slave of the lender.”

I ran the following clip in 2007. It is still funny. And it still communicates the kind of practical wisdom that the Bible commends and that is far from common in our day.

Enjoy.

Tom Ascol has served as a Pastor of Grace Baptist Church in Cape Coral, FL since 1986. Prior to moving to Florida he served as pastor and associate pastor of churches in Texas. He has a BS degree in sociology from Texas A&M University (1979) and has also earned the MDiv and PhD degrees from Southwestern Baptist Theological Seminary in Ft. Worth, Texas. He has served as an adjunct professor of theology for various colleges and seminaries, including Reformed Theological Seminary, the Covenant Baptist Theological Seminary, African Christian University, Copperbelt Ministerial College, and Reformed Baptist Seminary. He has also served as Visiting Professor at the Nicole Institute for Baptist Studies at Reformed Theological Seminary in Orlando, Florida. Tom serves as the President of Founders Ministries and The Institute of Public Theology. He has edited the Founders Journal, a quarterly theological publication of Founders Ministries, and has written hundreds of articles for various journals and magazines. He has been a regular contributor to TableTalk, the monthly magazine of Ligonier Ministries. He has also edited and contributed to several books, including Dear Timothy: Letters on Pastoral Ministry, The Truth and Grace Memory Books for children and  Recovering the Gospel and Reformation of Churches. He is also the author of From the Protestant Reformation to the Southern Baptist ConventionTraditional Theology and the SBC and Strong and Courageous. Tom regularly preaches and lectures at various conferences throughout the United States and other countries. In addition he regularly contributes articles to the Founders website and hosts a weekly podcast called The Sword & The Trowel. He and his wife Donna have six children along with four sons-in-law and a daughter-in-law. They have sixteen grandchildren.
Get Founders
in Your Inbox
A weekly brief of our new teaching resources.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

SEARCH ARTICLES
Teaching BY TYPE
Teaching BY Author
Founders Podcasts