Eight Steps to Getting Out of Debt

http://www.christianpost.com/Ministries/Columns/2009/03/eight-steps-to-getting-out-of-debt-11/index.html

[The Christian Post] 13 Mar 2009--There’s no doubt personal debt has played a key role in the current financial crisis. Debt levels have been climbing for several decades. And pastor, more than likely, they’re climbing in your church.

You’ve got people in your church who are hurting – badly. A recent survey of Southern Baptist pastors by Lifeway Research showed that only one in four thought their parishioners were struggling with debt – well below the true national average. The average American is spending $1.25 for every $1 they make. My guess is that pastors from other denominations have the same false impressions of their congregation as well. Most of us have been clueless about the mounting personal debt among our church members.

Debt isn’t just impacting our church’s pews though. It’s impacting the pulpits as well. Many ministries are sunk because pastors are so burdened by debt they leave the ministry for more profitable work.

Debt is a problem we can’t ignore any longer. But how do we get out from under it? We’ve got to commit to these nine steps and help our congregations do the same.