Sam and Erica's Marriage Podcast
Religion & Spirituality:Christianity
Sam and Erica's Marriage Podcast
Money in your marriage Part 2 of 4: Money - How do you see it?
Episode 002
January 21, 2019
IntroductionMoney is not bad or evil.
1 Timothy 6:10 - For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
Hebrews 13:5 - Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.
Ecclesiastes 5:10 - He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.
You use it to build or destroy
Build wealth
Bless others
Buy more comforts
Do you want money to:
Live a certain lifestyle, buy nice things, a nice home, nice cars, etc.
Luxuries
Provide security
Emergency fund, college fund, retirement savings.
Debt
The Bible warns against debt
Proverbs 22:7 - The rich rules over the poor, and the borrower is the slave of the lender.
Proverbs 22:26 - Be not one of those who give pledges, who put up security for debts.
Hebrews 13:5 - Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
But we still use debt, why?
What is your attitude about debt?
Some people hate it
Some people love it
Some people accept it as “that’s just a part of life”
The normal American has $38,000 in debt, not including their mortgage.(CNBC)
Is all debt created equal? Good or bad:
Credit cards
Mortgage
Payday loans
Student loans
The Bible doesn’t discriminate
So should you use debt?
The amount of debt you have, as a couple, coupled with the risk tolerance of each of you creates the formula for catastrophe in your marriage.
That’s a decision that should be made jointly.
Debt will impact other decisions. You may not be able to do things the way you would like to because of your debt and the obligation to make those payments.
Payments affect:
How you spend
How you save
How you give
I would sponsor a family at Christmas or help my children but...
So what do we do?
Discuss all debts
Only add new debt if both of you consider it and agree
Develop a plan to get out of debt that you agree on
No one would argue that the God’s perfect will is that we, his people, not be borrowers.
ACTION ITEMSBudget - Excel spreadsheet http://www.christianswithambition.com/wp-content/uploads/2016/05/glbl-budget-template_v1_1.xls
Dave Ramsey - Total Money Makeover
The Total Money Makeover on Amazon
Money and Marriage God’s Way
Money and Marriage God's Way on Amazon
NEXT WEEK’S EPISODENext week we'll discuss how to save it.
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