MANAGING OUR DEBT

“Owe no man anything.” Rom. 13:8

The dictionary defines debt as: “Money or property which one person is obligated to pay to another.” Debt includes money owed to credit cards companies, bank loans, money borrowed from relatives, the home mortgage and past due medical bills. Bills that come due, such as the monthly electric bills, are not considered debt if they are paid on time.

Debt can extract a great physical toll in our lives if we do not handle it well. It can actually increase stress, which contributes to metal, physical and emotional fatigue. Debt is not good for our health. Many people raise their life-style through debt, only to discover that the burden of debt actually controls their own lifestyle. We can be slaves of debt if we are not careful.

As Christians, we must learn to manage our debt well. Our text above says that, we must not owe anything to anybody. That means, as much as possible, we must not be in debt or we must avoid debt.

The above topic and many more regarding financial management were discussed in our small group Bible study last November 17, 2005 (Thursday) at the house of Elma Legaspi at 9745 Kester Ave., North Hills, CA. Those present were: Manny and Hanzel, Jigs and Prency, Elma, Cherry, Michael, Winnie, George, Jessie A., Raffy, Paul, O.G., Love H. and Rodel A.

Our next topic will center upon investment. All these are aimed to transform our character and learn financial integrity.

No small group meeting on December due to the Christmas season. Next meeting will be on January 5, 2006 (Thursday) at the house of Rodel Amante, 18701 Parthenia St., # 3, Northridge, CA, 91324. God bless.