Get Involved! - Anchorage Baptist Temple
Get Involved! - Anchorage Baptist Temple
Get Involved! - Anchorage Baptist Temple
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
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.