March 4, 2024 – Watch Out For The DEBT TRAP

Watch Out For The DEBT TRAP
March 4, 2024

DAILY PROVERB:

Proverbs 6:1-3
My son, if thou be surety for thy friend, if thou hast stricken thy hand with a stranger, Thou art snared with the words of thy mouth, thou art taken with the words of thy mouth. Do this now, my son, and deliver thyself, when thou art come into the hand of thy friend; go, humble thyself, and make sure thy friend.

OUTLOOK ON THE IN BOOK:

        Credit was once something hard to obtain. You had to maintain a clean financial record and avoid any bad debts just to consider getting a credit card or a loan. However, today, almost anyone, anywhere, and at any time can acquire a credit card. Most stores now offer their own credit cards, and many have partnered with major credit card companies, allowing you to use their cards at other stores as well. Sounds great, right? WRONG!


      The problem is that many people today carry more credit card debt than they can ever hope to pay off in a reasonable amount of time. If creditors were to contact them, claiming they were going out of business and needed immediate repayment, most people wouldn’t have the funds to do so.


      Even worse, many people are only making the minimum payment each month. By doing so, they are barely, if at all, covering the interest, and will end up paying the credit card company indefinitely. Let’s imagine purchasing a television for five hundred dollars and making only the minimum payment on your credit card. By the time you have paid off that TV, several things will probably have happened. Your grandchildren will have graduated from college, the TV will have been replaced twice, and you will have paid several thousand dollars for your initial five-hundred-dollar purchase.


      Debt is a trap that society has tried to lure us into. Even worse, many have willingly jumped into this debt trap. Sadly, they find themselves swimming against the tide of interest for years to come. Don’t let the world control your financial future. Let God guide you..     

 

THE WORD WALKING IN ME:

     You might be wondering, “How can I escape this debt trap?” First and foremost, STOP BUYING THINGS YOU DO NOT NEED! If you are burdened by substantial debt, you need to live within your financial means. Second, PRAY. Seek God’s guidance, wisdom, and self-control daily. Then, PAY. Start making additional payments on your debts, and one day they will be gone. It will take time, but the freedom is absolutely worth it.

 

Will you let God guide you out of debt?

 

IF YOU ARE JOURNALING:

Ask yourself, what are MY THOUGHTS concerning this Passage, and todays Devotion?

 

Do I find within this reading a CHALLENGE for my life?

 

What are one or two things I WILL DO today or this week to accept that CHALLENGE?

  

GOD TALKING TO ME: MARCH 4, 2024

THROUGH THE BIBLE WITH A DAILY PROVERBS
    Numbers 33 – Numbers 36
    Proverbs 6:1 – 3

 

THROUGH THE BIBLE OLD & NEW TESTAMENT DAILY
   Numbers 12-14
   Mark 9:1-29