Debt is a reality that almost everyone encounters at some point. Whether it’s student loans, mortgages, credit cards, or business investments, debt plays a significant role in modern financial life. However, not all debt is created equal, and the way you approach and manage it can have lasting implications for your financial stability. Understanding the intricacies of debt, distinguishing between “good” and “bad” debt, and learning how to manage it wisely is essential to mastering your financial future.

Let’s explore three key aspects of debt: recognizing the difference between “good” and “bad” debt, developing strategies to manage debt effectively, and approaching financial stewardship through biblical principles.

Is There Such a Thing as "Good" Debt?

The concept of “good” debt often sparks debate. Traditionally, the idea of good debt refers to borrowing money for investments that have the potential to increase...

Many people find themselves stressed and overwhelmed when faced with unexpected expenses. These surprise costs—whether it's a car repair, medical bill, or a home appliance breakdown—can easily disrupt your budget and financial goals. But are these expenses really unexpected, or are they simply unplanned?

With the right approach, you can transform how you view and handle these costs, ensuring that they no longer derail your financial progress. Here's how you can plan for those "unexpected" expenses and stay on track with your money goals.

Acknowledge That "Unexpected" Expenses Are Inevitable

One of the first steps to better managing your finances is recognizing that life is full of surprises, many of which involve spending money. Emergencies, irregular bills, and surprise repairs are not as rare as they seem. Most of us will encounter car issues, medical needs, or home maintenance at some point. Instead of treating these events as entirely unexpected, acknowledge that...

When you make a purchase, what language do you use to justify it to yourself or others? Are you telling yourself that it’s “okay” to spend because you deserve a reward, or are you concerned about how others will perceive your financial decisions? The words and phrases we use when we talk about money can shape our attitudes, emotions, and ultimately our financial well-being. If you find yourself feeling guilty, anxious, or regretful about your spending habits, it might be time to reassess the language you use around money.