What Does the Bible Say About Taking On Debt to Live Above One’s Means?

He who makes haste to be rich will not go unpunished…A man with an evil eye hastens after wealth, and does not know that want will come upon him. (Proverbs 28:20,22).

The borrower becomes the lender’s slave. (Proverbs 22:7).

The wicked borrows and does not pay back. (Psalm 37:21).

Better is the poor who walks in his integrity, than he who is crooked though he be rich. (Proverbs 28:6).

Those who want to get rich fall into temptation and a snare and many foolish and harmful desires which plunge men into ruin and destruction.  For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith, and pierced themselves with many a pang. (1 Timothy 6:9-10).

Give me neither poverty nor riches; feed me with the food that is my portion, lest I be full and deny Thee and say, “Who is the LORD?” or lest I be in want and steal and profane the name of my God. (Proverbs 30:8-9).

See also Proverbs 23:4-5.

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