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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The Atonement of Christ's Blood: Understanding How the Blood of Christ Saves and Reconciles us to God

  • What is the relationship between Jesus’ sacrifice and our redemption, forgiveness and receiving an inheritance per the terms of the covenant / will that was effected by His death?
  • From what, and to what, are we saved? Is it Jesus’ death alone that saves us? What part does His resurrection have in our salvation?
  • Does the justice of God demand the satisfaction of blood before He will forgive, similar to what pagans throughout history have believed?
  • What was the purpose of the Old Testament sacrifices?
  • Does blood alone atone for sin?
  • How does Christ’s death render powerless the devil?
  • To whom was Christ’s life given as a ransom? From what are we ransomed?
  • Why did Jesus not only die, but suffer and die? If all that was necessary was His shed blood, why didn’t God sovereignly ordain a more merciful death for His own dear Son?
  • What is the relationship between a will or testament, and a covenant? What was willed to Jesus as an inheritance from His Father, and what was willed to us through the new testament in His blood?

 

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