Can You Complete a Church Construction Project without Church Debt?
Debt is a four-letter word - literally. But is it that kind of four-letter word? Debt can send your anxiety through the roof. Just watch the US Debt skyrocket at usdebtclock.org. You could also listen to politicians debate the merits of student debt relief. In this cultural moment, it’s hard to see debt as anything other than bad or foolish. But is debt always bad? Is all debt bad? Should debt be avoided at all costs? The pressure of going into debt is amplified when applied to the church. Spiritual dynamics must be factored in. Multiple people are involved. A [...]
Church Debt and Your Congregation: Stepping into an Inspiring Future
Something changed in the American psyche after 2008. Not unlike what happened to the generation who survived The Great Depression. In the wake of 2008’s housing market crash, many people understandably became debt averse. Helpful leaders in the financial sector coined catchy phrases and practices to guide people out of and away from debt. Dave Ramsey says, “Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.” To help exert self-control, some people even put their credit cards in the freezer. Symbolically, they “freeze” their excess [...]
