The Credit Crunch

By on 18 December, 2008 | Comments (1)

We are all probably over the ‘global financial crisis’ by now. Even the most economically illiterate of us have now heard of terms like ‘sub prime’ and ‘cash interest rate’. We may even understand what they mean.

I still remember watching a program on the crisis. An older lady in California was interviewed who was living in her car. She had multiple properties that she lost in the crash and was now sleeping in her back seat. How sad.

The Western Governments have taken drastic action in slashing interest rates and the major banks are tightening their lending practices–all to preserve our affluent lifestyle and our economies as we know them.

What remains to be seen is when the financial bleeding will actually stop. The US seems to have even more blood letting to go before it turns the corner.

At least petrol is cheaper……for now.

Ironically I got a letter in the post yesterday from my bank. They offered me a substantial credit increase on my Mastercard! I declined.

So what does all this mean for the believer? I personally believe that God has called us to a life of financial simplicity. We are in the world, but not of it. We use the world, but do not abuse it.

The world is simply reaping what it has sowed for so long. You can have a party on bad credit- but at some point the music will stop.

Further, many people who have tried to live within their means have suffered in the way of reduced property values. Sin affects everyone-directly or indirectly.

So in 2009, please make these financial resolutions:-

1. I will live within my means by the grace of God;

2. I will pay my credit card account in full each month;

3. I will pay cash for goods and clothing;

4. I will give generously to the Lord’s work;

5. I will use my money wisely and creatively for the sake of the kingdom of God;

While you can add a few to fit your own situation, these are a good start. Let us know if you have any other resolutions that we should all consider……

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Comments

Good post Robert. I’m glad we don’t have money for our god as some do. That would sure be disorienting.

Comment by Jason Harris on 18 December, 2008 @ 10:34 am

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