Oras ng Pag-aaral 1st Qtr. | Pagharap Sa Pagkakautang | Lesson 5

DEALING WITH DEBT

Memory Text
“The rich rules over the poor, and the borrower is servant to the lender” (Proverbs 22:7, NKJV).”
Psalms 116:12-14, NKJV

INTRODUCTION:
This week we have considered the REASONS for DEBT and how to deal with it. You may be DEBT-FREE, but you can SHARE this valuable information with FAMILY and FRIENDS who could benefit from it.

Here are the THREE POINTS that SUMMARIZE our lesson this week:

1. DEBT’S PROBLEM AND GODLY COUNSEL (SUNDAY & MONDAY)
Studies show THREE PRIMARY REASONS why people get into FINANCIAL DIFFICULTY: The FIRST is IGNORANCE. Many people, even the educated, are financially illiterate. The SECONC REASON for financial difficulties is GREED, or selfishness. In response to advertising and personal desire, people simply live beyond their means. The THIRD REASON people find themselves in financial difficulty is personal misfortune. Whatever the reason, even if it’s a person’s own fault, DEBT can be ALLEVIATED. However, those in DEBT will need to make some CHANGES in their LIVES, their spending, and their financial priorities. In 1 TIM. 6:6, 9 PAUL is saying that we need to heed: “But godliness with contentment is great gain. . . . And having food and raiment let us be therewith content.”

Further, we are MATERIAL BEINGS, and we live in a MATERIAL WORLD, a world that, at times, can be very alluring. Though we all face it, there is NOTHING WRONG in working hard to EARN a LIVING or even in being wealthy. None of us has to succumb to the TRAP of making IDOLS out of MONEY, wealth, and material possessions. We are promised DIVINE POWER to stay faithful to what we know is right. Though expressed differently, MATT. 6:24 and 1 JOHN 2:15 have a common theme found in both of these verses—the LOVE of the WORLD. Unfortunately, the LOVE of the