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Day 36: HERE: Limiting Expenses to 1/3rd of Income
Week 6: Getting Out of Debt and Keeping Out of Debt
Today’s Easy Task: Don’t rest until we are out of all cosigned and rushed signed contractual arrangements
How to complete this task:
- Complete today’s task reading
- Pray today’s prayer
- Read today’s scriptures
- Don’t rest until you are out of all cosigned and rushed signed contractual arrangements
Today’s Task Reading:
Yesterday, we mentioned that we should try to limit 1/3rd of our income to expenses and if our expenses exceeded 1/3rd of our income. We should do everything we can to get our expenses below 1/3rd of our income. In today’s task we will try our best to never co-sign anything for someone, because the Bible warns us to not be accountable for someone else’s debt. When we are a cosigner, we become the security on what would most likely be a high interest loan. Proverbs 22:26 says, “Do not be one of those who shakes hands in a pledge, one of those who is surety for debts;” When we co-sign, we are borrowing money for someone else. God doesn’t want us to get in debt for someone else who has no way to repay.
Proverbs 27:13 states that cosigning can actually lead us to losing all we own even our own shirt on our back. So we need to say “no” to avoid being caught in a financial trap of carrying someone else debt. God want for us to free from sin and debt. So if we ever get caught in the trap. We can’t sleep and rest until we get out! We need to pray for God’s wisdom on the best way to get out of debt and say “no” to new debt!
Also, it’s important to read the fine print on a document, before signing. Don’t sign until we check the deal thoroughly and we can’t give into the pressure of limited time offers.
Today’s Prayer: God, You reign over heaven and earth. We come before You, thanking You for life, health and strength. You are awesome and loving. You are worthy to be praise. Give us today what we need to get out of debt, break free of any co-signing arrangements or rushed contracts deals we have made out of ignorance. Forgive our trespasses, debts and sins as we forgive others. Lead us not into temptation, but deliver us from Evil. In Jesus Name, Amen.Today’s Scriptures: Proverbs 22:26, Proverbs 27:13
Proverbs 22:26 New King James Version (NKJV)
26 Do not be one of those who [a]shakes hands in a pledge, One of those who is [b]surety for debts;
Proverbs 22:26 Lit. strikes
Proverbs 22:26 guaranty
Proverbs 27:13 New King James Version (NKJV)Scripture taken from the New King James Version®. Copyright © 1982 by Thomas Nelson. Used by permission. All rights reserved.
13 Take the garment of him who is surety for a stranger, And hold it in pledge when he is surety for a seductress.
Get your notebook or Week 5 of Faith and Fit 90 Series 1: Working Smart and Working Hard Workbook on Amazon to do the following tasks.
We will do whatever it takes to break free from cosigned deals and rushed deals. Please write the cosigned deals and/or rushed deals that you need to break free from. The cosigned deals and rushed deals that I need to break free from are…
Now let us share with each other the co-signed and rushed signed contractual arrangements that we need to break free from in the private Facebook group – 4everVernice’s Health and Wealth Accountability Group
The other ways you can share your progress are…
If you have, blog, Twitter, Instagram, Facebook, private group, please share them with me. I would love to connect with you as well.
Live Healthier and Wealthier,
Want Week 6 Faith & Fit 90 Series in workbook format? You Can Find It Here: Coming Soon