What Does the Bible Say About Debt and Money

What Does the Bible Say About Debt and Money?

Money and debt are topics that affect everyone’s lives. In today’s society, it’s easy to fall into the trap of living beyond our means, accumulating debt, and struggling to manage our finances. But what does the Bible say about debt and money? Let’s explore this important subject and gain insights into how we can handle our finances in a biblical way.

The Bible on Debt:
The Bible doesn’t explicitly condemn debt, but it does warn against the dangers of owing money. Proverbs 22:7 states, “The rich rules over the poor, and the borrower is the slave of the lender.” This verse highlights the consequences of being in debt, as it can lead to a loss of freedom and control over our lives.

Additionally, Romans 13:8 advises, “Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.” While this verse doesn’t prohibit borrowing altogether, it encourages us to be cautious and mindful of our financial obligations.

The Bible on Money:
1 Timothy 6:10 is often quoted when discussing money: “For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.” This verse reminds us that the pursuit of wealth can lead to greed and immoral behavior. Money itself is not evil, but our attachment to it and the desire for excessive wealth can have negative consequences.

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The Bible encourages us to be good stewards of our finances. In Matthew 6:19-21, Jesus advises, “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” This passage reminds us that our focus should not solely be on accumulating wealth on earth but rather on heavenly treasures that are eternal.


1. Is it a sin to be in debt?
Being in debt itself is not a sin, but it can lead to financial troubles and strain on our relationship with God. The Bible advises us to be cautious and wise in our financial decisions, avoiding unnecessary debt whenever possible.

2. What about borrowing money for essential needs?
Sometimes, borrowing money may be necessary to meet essential needs such as housing, education, or medical expenses. However, it is important to approach such decisions with caution and consider alternatives like saving or seeking assistance from others before resorting to borrowing.

3. How can I manage my finances biblically?
To manage your finances in a biblical way, it’s essential to prioritize God in your financial decisions. Seek wisdom from the Bible, tithe faithfully, and live within your means. Practice contentment, avoid excessive spending, and cultivate a generous heart.

4. What can I do if I’m already in debt?
If you find yourself in debt, seek guidance from a financial advisor or a reputable debt counseling service. Create a budget, cut unnecessary expenses, and work towards paying off your debt systematically. Remember, God is with you in every situation, and seeking His guidance and relying on His strength can help you overcome financial challenges.

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In conclusion, the Bible offers valuable wisdom on debt and money. It encourages us to be cautious in our financial decisions, avoid excessive love for money, and prioritize God’s kingdom over earthly wealth. By following these principles, we can lead a financially responsible and God-honoring life.