ROOM TO BREATHE

Thursday, April 12, 2007

James Emery White is a good preacher. I have borrowed a few thoughts from one of his sermons to make some comments on a subject that I believe is sorely needed. The topic is how to manage your money biblically. Over 80 percent of all Americans owe more than they own. The Bible has specific advice on how we can build our financial margins.

Tithing is the first margin. The book of Malachi says that to not tithe is to rob God.
Avoiding debt is the second margin. Debt is deadly to margins, but it is easy to live beyond your means in today’s society. Saving for the future is the third margin. Saving for the future is a strong and very specific theme throughout the Bible. (Proverbs 21)
We need to follow these principles and not just talk about them. And then we need to be patient. Young people get into debt early on in life, but though it takes a long time, they can recover. We need to start gradually—but we do need to start!

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