Debt is something many of us struggle with, and for Christians, it can be a particularly challenging issue. Mike Mobley, the author behind the site Before The Cross, knows this all too well. In his own journey, Mike faced significant debt that ultimately led to bankruptcy. But through faith and determination, he found a way out. Let’s explore Mike’s insights on how to tackle debt while keeping faith in God’s provision at the forefront of your financial journey.
The Temptation of Credit
Credit can seem like a quick solution to financial needs, but it often comes with long-term consequences. Mike shares from personal experience how easy it is to fall into the trap of using credit to get what we want now, rather than waiting for God’s timing. By relying on credit, we might inadvertently be saying that God’s provision isn’t enough for us. But the truth is, God knows our needs and wants us to rely on Him. Learning to live within our means is a step toward deeper faith and trust in His timing and provision.
Paying Off Debt: Two Approaches
When it comes to paying off debt, Mike Mobley talks about two main strategies: the snowball method and the avalanche method. Both are effective, but the choice depends on your personal preferences and financial situation.
- The Snowball Method: This approach focuses on paying off the smallest debt first, regardless of interest rates. Mike explains that eliminating one debt quickly gives a sense of accomplishment and motivation to tackle the next one. It’s like rolling a snowball down a hill—it starts small, but as it picks up speed, it grows bigger and more powerful.
- The Avalanche Method: This method targets the debt with the highest interest rate first. By focusing on the most expensive debt, you save more money in the long run by reducing the amount of interest you pay. Mike mentions that while this approach may take longer to see the first debt disappear, it can be more cost-effective over time.
Regardless of which method you choose, Mike emphasizes the goal of becoming debt-free as quickly as possible. This allows you to live more freely and generously, trusting fully in God’s provision.
The Spiritual Side of Debt
Dealing with debt isn’t just a financial issue—it’s also a spiritual one. Mike Mobley shares how being burdened by debt can feel like a heavy weight on our shoulders, affecting our peace of mind and our relationship with God. By working to pay off debt, we’re not just freeing ourselves financially; we’re also aligning our lives more closely with God’s will.
The Bible tells us that the borrower is a slave to the lender (Proverbs 22:7). Mike’s story is a reminder that being in debt can limit our ability to serve God fully and respond to His calling. By paying off debt and managing our finances wisely, we open ourselves up to more opportunities to give, serve, and say yes to God’s plans for our lives.
Mike’s Personal Story of Overcoming Debt
Like many, Mike Mobley faced significant debt that led to bankruptcy. It was a humbling experience, but it also became a turning point in his life. By creating a budget, prioritizing debt repayment, and making sacrifices, Mike and his wife were able to pay off all their debts within 18 months. This journey required discipline, but the freedom and peace that came from being debt-free made every sacrifice worth it.
Mike now uses credit cards, but only with the discipline to pay them off in full each week. This approach works for him, but he cautions that it’s not for everyone. If you’re just starting your debt-free journey or struggle with spending, Mike advises avoiding credit cards altogether.
Conclusion
Mike Mobley’s journey, shared on his site Before The Cross, is a powerful example of how faith and determination can help overcome even the toughest financial challenges. Paying off debt is not just about improving your financial situation—it’s about trusting in God’s provision and aligning your life with His will. By taking practical steps to eliminate debt and manage your finances wisely, you can experience the freedom and peace that comes from living within your means and relying on God’s timing. Whether you choose the snowball or avalanche method, the most important thing is to start today and stay committed to the journey. With God’s help, you can break free from the burden of debt and live a life of greater generosity and trust in Him.
For more insights and encouragement on living out your faith in practical ways, you can visit Mike Mobley’s site Before The Cross.
Daily Promise
Philippians 4:19 (NIV): “And my God will meet all your needs according to the riches of his glory in Christ Jesus.”
This promise reminds us that God knows our needs and will provide for them in His perfect timing. We can trust Him to take care of us as we manage our finances wisely.
Daily Prayer
Heavenly Father,
Thank You for being my provider and for guiding me through every financial challenge. Help me to trust in Your provision and to manage my resources in a way that honors You. Give me the wisdom to make good decisions and the discipline to stay on the path toward financial freedom. May I always remember that true wealth is found in You, not in material possessions.
In Jesus’ name, I pray. Amen.