There isn’t one place in the Bible where debt is referred to in a positive light. If you have some debt now as a church, don’t beat yourself up! The Bible doesn’t say borrowing money is a sin-it’s just biblically stupid. Imagine how much more we could do for the Kingdom if the church were free from debt! Taking a good hard look at your church’s debt is an absolute key to building a sound financial plan. Most churches spend a hefty amount on debt retirement every year. On top of that, studies show that about half of the churches in America are in debt. Borrowing money drastically increases risk, magnifies mistakes, and hurts-or even destroys-cash flow for any family, business or church. Why would it be any different in the church? Leaving the bride of Christ in chains isn’t wise for plenty of reasons. Proverbs 22:7 states that the borrower is the slave of the lender. Don’t fall into the trap of leaving the budget alone until there’s a shortage or an emergency! Look at it monthly and quarterly to keep things on track, and make adjustments where they’re needed. No one’s does! That’s why you need to put a review process in place to keep it functional and realistic. The budget won’t work perfectly the first quarter.
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