Debt is a common issue for many people around the world. It can be difficult to navigate debt with God’s plan in mind, so it’s useful to look at what the Bible has to say about debt and money. In this article, we take a look at 10 Bible verses about debt, as well as answers to some common questions about debt in the Bible.
Scripture about Debt
10 Bible Verses about Debt
Proverbs 22:7 ESV
The rich rules over the poor, and the borrower is the slave of the lender.
Romans 13:8 ESV
Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.
Psalm 37:21 ESV
The wicked borrows but does not pay back, but the righteous is generous and gives;
Romans 13:7 ESV
Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed.
Luke 14:28 ESV
For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it?
Proverbs 22:26-27 ESV
Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?
1 Timothy 5:8 ESV
But if anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever.
Matthew 6:24 ESV
“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.
Proverbs 22:26 ESV
Be not one of those who give pledges, who put up security for debts.
Proverbs 13:22 ESV
A good man leaves an inheritance to his children’s children, but the sinner’s wealth is laid up for the righteous.
Scripture about Debt KJV
My favorite scripture about debt in the New King James Version is Psalm 37:21. “The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.”-Psalm 37:21. This verse reminds us that debt can be a burden, and should not be taken on lightly. God promises that those who generously give to others will be blessed with mercy and justice in return. Debt can thus be seen as an opportunity for faith-driven generosity and benevolence, rather than selfishness or pride.
FAQ about Debt in the Bible
The Bible has a great deal to say about debt and being responsible with money. Throughout the Scriptures, God’s people are encouraged to be wise and careful with their finances. Debt is not something that should be taken lightly or disregarded, as it can cause serious financial hardship if the debtor is unable to pay back the borrowed amount. The Bible makes clear that when taking on a loan, it should only be done out of necessity (Deut 15:7-10). It also warns against extending credit when such an action would result in harm for either party involved (Prov 22:26-27). This means that becoming debt-free should always be a priority when possible; avoid taking on loans whenever you can because they could come with hefty interest rates or other undesirable consequences.
The Bible encourages us to live within our means and to plan for the future. We should be diligent in paying off any outstanding debts, as this shows responsibility and prevents further financial hardship ( Luke 14:28). To begin overcoming debt, one must develop a budget that accounts for all income and expenses so that spending is reduced and more money can be put toward debt repayment. Additionally, the Bible teaches us to be generous with our money, and to help those in need whenever possible ( Proverbs 3:27-28). Generosity can create a ripple effect of financial freedom as others give back to us when we freely give. Finally, trusting God is essential during this process. Praying for guidance and trusting in Him for provision is the best way to overcome debt, as He will not let us lack anything we need (Philippians 4:19).
Debt itself is not considered a sin in the Bible, as it can be used for useful purposes like buying a house or investing in business. However, the Bible does caution against taking on debt frivolously, and encourages us to always plan ahead and live within our means (Luke 14:28). Additionally, Proverbs 22:7 warns against the danger of becoming a “slaves to debt”, and encourages us to be wise and responsible with our money.
God does not want us to be in debt, and encourages us to live within our means and be responsible with our finances. Debt can cause financial hardship for individuals, as well as their families; therefore, it should only be taken on when absolutely necessary. If we find ourselves in debt, then the Bible teaches us to work diligently to pay it off as soon as possible. Prayers for wisdom and guidance in managing our finances should also be a regular part of our daily lives, as God will give us the strength and direction to overcome any financial burden He does not want us to bear.