If Your Plastic Causes You to Spend…
Theme of the Week: Credit Worthy?
Phil Callaway
Monday, November 15, 2004
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Key Bible Verse: "Beware! Don't be greedy for what you don't have. Real life is not measured by how much we own". (Luke 12:15). Bonus Reading: Luke 12:13-21
Cut it off! The credit card was first invented by Jacob back in Genesis 25 when he allowed his brother, Esau, to order a meal using MasterCard. Esau, who was deadly with a bow and arrow, but not very good with a calculator, traded in all his rights as the firstborn son on some bread and lentil stew. It was an impulse purchase he and his descendants would regret for years.
Of course, it's possible to use the plastic in your wallet correctly. Here's how: Never buy with credit what you wouldn't buy with cash. If you haven't budgeted for it, don't buy it. The Consumer Federation of America tells us that 70 percent of credit card holders carry more than $6,000 in unpaid balances. The average credit card company allows us to borrow 250 percent more than we can afford to pay—at interest rates often more than 20 percent. So pay your credit card off each month. If you can't, then gather some friends together and have a Plastic Party. See how long a strip you can cut your cards into. Then dip them in candle wax and see how long they'll burn. The loser makes the others lentil stew. How about this for a party theme: "You can leave home without it."
—Phil Callaway in Who Put My Life on Fast-Forward?
My Response: How correctly am I using my credit cards(s)?
Adapted from Who Put My Life on Fast-Forward? (Harvest, 2002) by permission.
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Help me, Lord, to keep things off the throne of my life because Your place there is secure.
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