To venable (verb): To randomly muse upon this and that.

Arranging Finances

“You need to cut your garment according to your cloth” is some wisdom emanating from my mother and no doubt, form other people of wisdom over teh years. It indicates how we need to financially operate with our means. The whole premise is that you should not go into debt.

This thinking is foreign to how many operate nowadays. To use the imagery from my mother’s aphorism, they cut their garment and then are not too bothered whether there is enough cloth to make the garment. This approach was foreign to our forebears; being in debt was a thing frowned upon.

Why have things changed? I suggest three things:-

  1. “I deserve as much as everyone else has and so I will have it whatever the debt I end up in.” This is a prevalent attitude
  2. There has been the encouragement to borrow. So much of the financial industry operates on the basis of getting people to borrow from them.
  3. People, think that there will always be a bail out. Even if things turn bad “the nanny state” will always come to the rescue.

The total debt debt, on credit cards specifically, reached £70.35bn by the end of January 2018, which works out to £2,586 per household. (see here for details).

Will this all change? Will there be a reduction in these monstrous figures? I am not sure. As long as the system exists to perpetuate it; it will continue.

As Christians we need to be careful to properly arrange our finances. The word of Paul to the Romans is apposite here: Give to everyone what you owe them: if you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honour, then honour. Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law. (Rom 13:7-8). And I say to you and myself; think about that Word form the Lord in arranging your finances.

 

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