Summary: Looking at the spiritual impact that debt has on our lives. How it leads us away from God, others, family etc. We must control our spending so we can give to God's cause, not the credit card company's cause

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Part 4 series on money

Australians are increasingly finding themselves in debt.

According to the Sunday times newspaper

IF you’re an average Australian you’re worth just over $250,000 have a house valued at $458,488, a mortgage of $341,000 , credit card debt of $3085 and earn $1124.50 a week.

Mortgage stress

According to the experts if you’re an average Aussie, then chances are you’ll technically be experiencing housing stress. This is when a household spends 30 per cent or more of its income on housing costs.

Someone earning the average weekly wage of $1100 would be hard pressed to pay off an average mortgage – which according to brokers Australian Finance Group is $341,000.

Repayments on that amount over 30 years at current interest rates would take up 60 per cent of an average pay packet. Two people contributing to an average-sized mortgage would still have to hand over 30 per cent of their combined income to meet repayments.

More debt

Home loans are not the only stress facing the average Australian. As a nation we’ve racked up $43 billion in credit card debt, according to the Reserve Bank. That works out to an average credit card debt of $3085. If you’re paying a fairly conservative interest rate of 15.5 per cent, you would need to throw $150 a month on your card to pay it off within two years.

What does this say about our attitude to money?

Two thirds of the stories that Christ used in teaching deal specifically with finances. The financial principles given throughout God’s Word are not there to see if we’re strong enough to live by them – they’re given because God knows that they are the best for us. God’s principles of finances are not a random set of rules to keep us under control – they are a loving Father’s wisdom to those who will listen and trust Him.

1) Obedience to God does mean a blessing

2) Common myths about money

3) Financial burdens must be broken

4) God’s plan for you is financial freedom!

Matthew 6:19-6:24

2 Thessalonians 3: 6 - 15

1) Obedience to God does mean a blessing

I am still looking for the modern equivalent of those (Christian) Quakers who ran successful businesses, made money because they offered honest products and treated their people decently... This business creed, sadly, seems long forgotten.

Anita Roddick

English, Businesswoman, owner of the Body Shop

Christ never said money or material things were problems. He said that they were symptoms of the real problems. He constantly warned us to guard our hearts against greed, covetousness, ego, and pride, because those are the tools that Satan uses to control and manipulate this world. Christ warned us a great deal more about materialism than He did any other sin. “And He said to them, ‘Beware, and be on your guard against every form of greed; for not even when one has an abundance does his life consist of his possessions” (Luke 12:15).

Satan has taken the very riches provided by God to enhance our lives and bring others to salvation and has diverted them for his use. Today, even some Christians evaluate others on the basis of how much they have and how successful they are in worldly terms. The poor are thought to be losers – while the wealthy and successful are thought to be the spiritual winners. Nothing could be farther from the truth.

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