An overspender's story

A matter of life and debt: An overspender's story

Excerpt:

It can take 35 to 50 years to get out of debt by paying the minimum on cards with typical 20 to 30 percent interest rates, Bach said.

Typically, Bach said, it takes twice as long to get out of debt as it did to get into it.

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Comment: Our Pastor made a comment about working the other day. I don't remember his exact words, but the net of it was that we need to work to 1:) provide for ourselves and then 2:) work to provide for good works.

I Timothy 6:17-19: "Command those who are rich in this present age not to be haughty, nor to trust in uncertain riches but in the living God, who gives us richly all things to enjoy. Let them do good, that they be rich in good works, ready to give, willing to share, storing up for themselves a good foundation for the time to come, that they may lay hold on eternal life."