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Get Involved! - Anchorage Baptist Temple

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stewardshiP<br />

god's stePs For getting out oF<br />

the deBt traP<br />

Nov. 11, 2012<br />

WHY GET OUT OF DEBT?<br />

1. First, because it is Good Stewardship. Luke 16:11<br />

2. Second, because you cannot serve God like you should. Prov. 22:7<br />

3. Third, because you cannot focus on God like you should when you<br />

have to spend so much time focusing on debt.<br />

SIX DANGER SIGNS THAT YOU ARE IN A DEBT TRAP:<br />

1. Living on credit instead of paying cash<br />

2. Delaying payments or only paying the minimum payment<br />

3. Unable to tithe and save money<br />

4. Unable to pay taxes<br />

5. Extravagant spending<br />

6. Always looking for “get rich” quick ideas<br />

GOD'S STEPS FOR GETTING OUT OF THE DEBT TRAP<br />

I. COMMIT TO BECOMING DEBT FREE NOW Prov. 22:7<br />

II. START PAYING GOD AND YOURSELF FIRST The 10/10/80 principle.<br />

III. LIST ALL YOU OWN AND ALL YOU OWE<br />

A. There may be some things you can sell that will give you some extra money.<br />

B. There may be some things you can sell to cut your expenses.<br />

IV. HAVE A SALE<br />

V. SET UP A REPAYMENT ________<br />

A. You will never get out of debt without a _______ and you probably need _________.<br />

B. You need someone who will help you make good plans. Why? You<br />

probably would not be in debt if you were a good ___________.<br />

C. You need someone who can look at your situation objectively and say this is<br />

what you need to get ___ ____. This is what you need ____ _______.<br />

VI. DECIDE TO COMPLETE YOUR REPAYMENT PLAN IN _______ THE TIME<br />

A. If you are going to get out of debt you must....<br />

1. ________ overspending.<br />

2. _________ the minimum payment plus some.<br />

3. Learn to live on ________ than you make every month so that you<br />

can make payments on your debts.<br />

VII. ADD NO _______ DEBT<br />

A. Don't buy anything that is not in your __________.<br />

B. Make a vow if you go _____ ________without paying it off, you will not<br />

buy anything with it for 6 months.<br />

VIII. SHARE _________ PLAN WITH YOUR CREDITORS<br />

IX. __________ WITH THE PLAN<br />

God not only wants to save you from hell but also save you from the debt trap. He can if<br />

you follow His plan.

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