How you can get out of debt

Debt is common but it doesn’t need to be certain.

Living in debt is being controlled by money rather than having control over it. When we owe somebody money, we are financially chained to an obligation (Proverbs 22:7).

The way we view money matters because it affects the rest of our lives. God wants us to have more freedom because of our financial situation, not be burdened by it. When an opportunity arises to help a friend in need or eat a fancy dinner out spontaneously, an unburdened financial situation lets you say “I can” instead of “I can’t.”

You can do this.

Six Steps on the Path to Overcoming Debt

1. Put God first in your finances.

Putting God first is a matter of trust; it’s saying to God, “What I have is in Your hands. Do what You want with it.”

Because God generously provides for us, we can be generous, too. When we give the first 10 percent of our income back to God, we see Him do greater things with that money than we ever could (Malachi 3:10).

2. Admit money isn’t the problem.

Money itself isn’t evil. The love of money is what leads to making poor decisions (1 Timothy 6:10).

The problem is us. When we’re more concerned about riches than richness in our relationships with God and people, we’re headed for trouble. Money is a great tool but a terrible god.

Money is a great tool but a terrible god.

3. Resolve to attack your debt.

Admitting you have a problem is only the beginning. Decide from the start that you’re going to defeat the mounds of debt that keep you from the better things God has in store for your life. Important things worth doing are usually a long obedience in the same direction. It will take a while, but paying off debt now sets you up for a better long-term financial situation.

4. Make a budget and stick to it.

Wading through all the numbers is painstaking but worthwhile work.

Gather your utility bills, medical bills, credit card bills, home or car payments, loans, receipts and personal expenses. Visit for budgeting tools, advice and to sign up for financial coaching to get help along the way.

A budget won’t do any good unless you stick to it. Keeping it accurate will allow you to track your progress and forecast when you’ll be debt-free.

5. Save and reduce spending.

The less you spend, the more you can put toward paying down loans. Keep the same clothes in your wardrobe a little longer before you buy new outfits. Buy one less coffee at Starbucks every week and see how much that adds up to pay off debts. Every bit counts.

Overcoming debt isn’t only a good thing for your wallet; it’s good for your whole life.

6. Celebrate!

You’re moving away from being overwhelmed and toward overcoming. Tell your family and friends about your progress so they can celebrate with you! Overcoming debt isn’t only a good thing for your wallet; it’s good for your whole life.

When debts no longer hold our attention and our obligation, we can be free to live the lives God calls us to.

Related Content

to Discover More


How To Make A Financial Comeback

hope money debt

Financial failures aren’t fatal. You can come back from wherever you’re coming from.The reason fo... read more

Read Article


Decide to Stop Being Broke

money bible debt

I believe that the Bible is the best money book ever written, and I really want to take some time to share th... read more

Read Article


How to avoid buyer's remorse

money debt self control

Have you ever made a purchase that you believed was a great idea at the time only to dread having made t... read more

Read Article


Are basketball brackets worth the madness?

money debt responsibility culture

Selection Sunday is the day the teams competing in the NCAA Division I men's basketball tournament are re... read more

Read Article


How to help your young adult manage money wisely

money debt parenting college

Few milestones reveal what our kids understand about money more than when they go off to college for the firs... read more

Read Article


How to Regain Trust in Your Marriage After Financial Betrayal

marriage money debt

I didn’t trust my husband anymore. More anxious and fearful than I’d ever been—I was also a... read more

Read Article


Money Won’t Solve Your Problems

money generosity debt

Think winning the lottery would solve your problems? Consider this: The majority of people who win the lotte... read more

Read Article


Trusting God was my way out of financial bondage

March 25, 2017

money provision debt tithing

Tithing was Roshanda Fuller’s first step toward taking responsibility for her finances and living in fi... read more

Read Story


I needed help to fix my financial mess

March 26, 2017

money provision debt tithing goals

Financial coaching was key for single mom Elizabeth Parker to realize her dream of buying her own home.

Read Story


We had 46,000 reasons to live debt free

March 27, 2017

discipline money provision generosity debt tithing goals

Jeremy Barber realized his actions needed to match his wife's dreams to be a stay-at-home mom.

Read Story


A Debt of Gratitude - Mark & Shawna Asbell's story

Nov 28, 2010

trust marriage money debt

Mark and Shawna Asbell faced a mountain of debt and a looming bankruptcy, and it was just what their marriage... read more

Read Story


Zeros for heroes: How one couple discovered the power of a debt-free life

Oct 8, 2017

freedom marriage money peace debt purpose

Drew and Beth Goldie made a debt-free commitment early in their marriage, and their faith and discipline paid... read more

Read Story

What's happening at NewSpring Church?

  • Need to Know: Weekly email to keep you informed about what's happening at NewSpring
  • Fuse News: Email for Fuse parents sent on the first Monday of the month
  • KidSpring Scoop: Email sent at the beginning of each series to give you the scoop on what's happening in KidSpring
  • Read My Bible: Daily devotional sent via text from 6-7am