Talk on financial principles

The event last Sunday started off with some yummy freshly made pizzas.

Then our speaker Cathy took us through the basic principles of God’s ways of managing money with a video from Crown ministry. It highlights the importance of being debt free and brought home the reality of how loans of any kind can end up to our disadvantage depending on how much we borrow. Many of us borrow not knowing the physical cost of the debt we service. Cathy personally shared with us her amazing experience of God’s provision when she waited rather than borrow to purchase things.

Someone referred to the scripture pointing out that people failed because of their of lack of knowledge. This is so true, because we spent an awful lot of time thinking and researching the details of the things we want to buy, but not many of us go to such extent digging into God’s words to see what He says about money. The video also highlights the verse in Proverbs 22:7 about those who borrow are slaves to those who lend. To be blessed and free is to owe no one anything.

We had a good discussion afterwards touching on mortgage, credit cards, personal loans, investment, our financial responsibilities and the basic principles of budgeting and debt repayments.

We were also encouraged to do the Foundations for life series to understand more of God’s perspective in managing our finance. Visit www.crown.org.au for more details on the course as well as resources and radio broadcasts on the subject.