Let No Debt Remain Outstanding
I had Lynn's car inspected several weeks ago (it passed, hooray!). When I paid Guy the $16 for the inspection, he noticed that the lamination was peeling off my credit card. I am literally wearing my credit card out! So you think that maybe I'm using it too much? Credit cards are a real convenience, and we do pay off our balance each month. But the problem with credit cards is that they are a convenience; they make it very convenient to buy things you don't need with money that you don't have. The average family carries about $8000 in credit card debt.
Paul told the Romans, "Let no debt remain outstanding, except the continuing debt to love one another" (Rom 12:8). We are called by God to be faithful stewards of the blessings that he has entrusted to us and to share with those in need. Timothy is told to tell those who have money "to be rich in good deeds, and to be generous and willing to share. 19 In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life" (1 Tim 6:18-19).
Too many if us have compromised our ability to do good works and share with others because we have over-obligated ourselves with debt buying things that we can't really afford. Think about it-- if you are carrying $8000 in revolving credit card debt, then you bought $8000 worth of things that you couldn't afford. That is so simple that its not even funny... well, maybe it is funny. Watch this Hulu clip.
We call the Friday after Thanksgiving "Black Friday" because this is the number #1 shopping day when retailers recoup losses and get in the black. Maybe we should call it "Red Friday" because it is when many shoppers begin their overspending and running up balances on their credit cards. Maybe we should implement this policy of "if you don't have money, then don't buy things." It seems pretty simple really. It also seems pretty Biblical.