Site Archives Borrowing

Are You a Borrower or a Lender? Part I


Are You a Borrower or a Lender? – Part I
 
 
Let’s contrast a real-life scenario of the borrower versus the lender that happens tens of thousands of times every day.  A person walks into an auto show room and falls in love with that new car or truck that has everything he ever desired.  […]

Counting the Cost


Luke 14:28-30
“But don’t begin until you count the cost.  For who would begin construction of a building without first getting estimates and then checking to see if he has enough money to pay the bills?  Otherwise he might complete only the foundation before running out of funds.  And then how everyone would laugh!  […]

Borrow Money as a Last Resort


Loan consolidation, home equity loans, or refinancing your home are ways to avoid repossession or loss of income through wage garnishment.  These options may reduce the amount of your monthly payment. 
 
However, the cost for borrowing is usually increased, because the borrowing time is extended and you may be borrowing at a higher […]

Secrets of Borrowing Less


It is always wise to borrow less than more.  Cultivate the mind-set that you will borrow only for absolute necessities, and that you will repay the loan at the earliest possible date.  Paying back a larger amount than the required fixed payment will help you retire the debt early. 
 
For what things should […]

Borrow Money with the Right Intentions


Borrow Money with the Right Intentions

It is not wrong to borrow money, but it is wrong to take on debt without the ability to pay it back or with the intention of never repaying what is owed. What is meant in Romans 13:8 when it says not to owe anything to anyone?
“Obey the laws, […]