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Lesson OneStarting Well9 Activities1 Assessment
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Lesson TwoCounsel, Debt and Saving9 Activities1 Assessment
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Lesson ThreeGenerosity and Investing9 Activities1 Assessment
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Lesson FourWork and Honesty9 Activities1 Assessment
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Lesson FiveCrisis and Eternity9 Activities1 Assessment
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Lesson SixFinishing Well7 Activities
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Course Wrap-UpCourse Completion2 Activities1 Assessment
Participants 188
Debt – Discussion
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What in the notes did you find revealing, challenging or interesting?
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I can say that no debt is the best way. Only spend what I can afford to pay for and it is best to pay credit cards in full by due date or before.
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It’s revealing how God emphasizes seeking wise and godly counsel in decision-making, and how relying only on facts, without faith, can lead to failure, as shown in the story of the spies in Numbers 13-14. I found it interesting that even small groups or trusted friends can provide helpful counsel. The reminder to avoid biased or ungodly counsel was challenging, as it requires discernment to filter advice wisely.
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Well for beginners, I have to keep a minimum of three months’ salary in order to save for an emergency. Most notably, was my practice of putting at least ten percent of my salary into my retirement savings account ( must have been taught this at an early age ). Finally, I enjoyed learning what the Bible had to say about savings and the cartoon explanation.
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Notes that I found revealing is asking advice from the parents, even if they werent very well with their own money or life. However I like the fact that this is the way I can try to honour them, even though they weren’t the best parents in my childhood. It is great as it encourages relationship building and possible healing some old scars. ( I know this not neccessarily financial topic based answer but this was personally revealing to me in that area) 🙂
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The different options for putting your money into interest earning accounts
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What does a “slave to the lender” look like today?
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In America, most are slave to the car they drive or the house they live in. An old commercial portrayed a suburban man cooking on his grill at his house with all the amenities, but he wasn’t enjoying his quality of life because he was telling the audience he was in debt up to his eyeballs. Many of us become slave to the so-called America dream.
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<font style=”vertical-align: inherit;”><font style=”vertical-align: inherit;”>Là những khoản vay mua nhà mới, xe mới, chi phí sinh hoạt phục vụ nhu cầu hưởng thụ… chi phí phục vụ nhu cầu vật chất mang lại niềm kiêu hãnh ảo cho bản thân.</font></font>
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To me feel like I can’t get a break and my hands are tried.
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I believe that the never ending cycle of debt is what this phrase looks like today. Between the need to keep up with the Jones’ (due to social media influence and fads/trends) and the temptation of “easy” to obtain credit; we are almost enslaved or at least entrapped by debt.
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Being a slave to the lender looks like the people who are struggling with credit card interest, home loans, student debt and car loans for example.
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What are things you can do to be more content?
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Be thankful for what I have and not worry about what I don’t have.
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Thank God for what you have now, and work hard to enjoy more later without incurring debt
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Be grateful and content with what God has given you. Realize that you are the manager, not the owner
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To be happy what I have for now until I can afford it to pay it off.
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Do not get swamped in debt. Be happy with what I have right now. Stop listening to the mass media and social media who want me to constantly buy the newest and greatest thing. If it isn’t broken then don’t fix it. Less is more and possessions do not equal happiness.
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What did you learn from the Debt applications?
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Borrowing is a slave, the lender is the master. I prayed for myself, asking God to help me get out of debt and make a plan to pay it off.
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I learn that the lender is a slave to the borrower.
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Use the Snowball approach for getting out of debt. Try to pay more than the minimum each month and do not accrue new debt unless absolutely necessary. Getting out of debt is a process and requires effort on my part. I did not get into debt in a day and probably will not get out of it that quickly realistically. God will help me to get out of debt but I must do my part also. Be faithful to try and God will honor that.
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The best thing is not to be in debt.
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I am glad to see even the church has recognized the need for greater financial awareness.