Confessions of a Poor Money Manager

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There’s been a lot of discussion regarding debt during our country’s current economic crisis and the bail out of financial institutions and possibly the American automotive industry. Borrowing is discussed thoroughly in the Bible. What does God’s Word say about borrowing? Is it permitted? If so, under what conditions can we borrow? Can families in America function effectively without borrowing? Here are the ten most asked questions about borrowing according to Crown Ministries:

1. What does the Bible say about borrowing?
2. Is overdraft protection a good idea?
3. Does the Bible prohibit a Christian from borrowing money from a non-Christian?
4. How can low-income families avoid borrowing?
5. Should people borrow to do the work of the Lord?
6. Is it acceptable for businesses to borrow?
7. Is a lease better than a loan?
8. Should home mortgages be refinanced if you can get a better interest rate?
9. Should I borrow on the equity in my home in order to invest?
10. Is it wise to get a consolidation loan?

To read Crown’s responses to these questions please click here

Ashley Clayton, money management expert, providing support and guidance to pastor’s financial management ministry to their congregations.