Wisdom in Borrowing. ‘Just as the rich rule the poor, so the borrower is servant to the lender.’

Slides:

Advertisements

Similar presentations

Understanding the true cost of buying a home. ITT Employees Federal Credit Union.

Advertisements

Good vs. Bad Credit Credit – the ability to borrow money and pay it back later. Good credit means: Lenders want to loan money to you because you have.

Budgeting and Debt Reduction Responsible Stewardship of God’s Great Gifts.

Recalculating How not to get lost in the world of finances.

Digging Deeper & Reaching Higher through STEWARDSHIP (2) (Understanding God’s Principles for Financial Stewardship)

Introduction to Business and Marketing Chapter 26.2.

Generosity in g iving. ‘Yes, you will be enriched in every way so that you can always be generous. And when we take your gifts to those who need them,

Simple Interest Section 5.1. Introduction When you deposit money into a savings at a bank you expect the bank to pay you for the privilege of saving your.

Credit Cards. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company.

CREDIT. ADVANTAGES OF CREDIT advantages: o Able to buy needed items now o Don’t have to carry cash o Creates a record of purchases o More convenient than.

CALM.  Able to buy needed items now and pay later.  Don’t have to carry cash  Creates a record of purchases  More convenient than writing cheques.

Warmup Why does the dollar on the left have value, while the one on the right does not?

It’s All God’s Money Living Grace Community Church November, 2014.

Life Beyond Debt Theological and political context.

HOW CREDIT CARDS WORK What you need to know about credit cards- including what credit cards companies can and can’t do, and what information they have.

Finance Module 3. Finance Almost every decision in business has a financial impact. Consequently, businesspeople need to understand God’s principles that.

.. Finance  Keys to Building Wealth  Disposable/Discretionary Income  Compound Interest  Rate of Return  Financing  Interest Rate  Sinking Fund.

Debt’s Danger Signs Proverbs 22:7 “The rich ruleth over the poor, and the borrower is servant to the lender”

 Outstanding money owed by consumers  Examples  Credit Card Debt  Student Loans  Mortgages.

Name ___________ Date____________ Credit and Debt-Personal Finance pg

Introduction to Business and Marketing. OBJECTIVES  Identify the sources of credit  Understand the types of credit.

1.5 Choosing to borrow money. Why borrow? People’s spending needs change over their personal life cycle so it is often necessary to borrow money by means.

GOD EXPECTS YOU TO BE A STEWARD. 1. Where did Wall Street Go Wrong?

C H P ERSONAL F INANCIAL S TATEMENTS. Goals: Explain the basics of money management. Create a personal balance sheet. Develop a personal cash flow.

Credit Fundamentals Chapter Using Credit Two parties involved: 1.Debtor – Anyone who buys on credit or receives a loan 2.Creditor – The one who.

WHAT DOES SCRIPTURE SAY ABOUT DEBT? Penge Baptist Church 17 th July 2011.

LESSON 8-3 CREDIT MANANGEMENT LEARNING GOALS: - LIST WAYS TO REDUCE YOUR CREDIT COSTS AND LOWER YOUR DEPENDENCE ON CREDIT. - EXPLAIN HOW TO AVOID CREDIT.

#6 – The Money Trap In Love for Life Building or Rebuilding a Great Marriage Mike Mazzalongo.

 Credit  Equity  Credit: the ability to borrow money in return for a promise of future repayment. Future repayment usually includes interest.

Finding Financial Freedom Wait patiently. Interdependent Truth Work Gloriously Wait Patiently Live Simply Give Generously Celebrate Community.

Got Credit? Bankruptcy Law Debt? Moving Out Grab Bag Know That.

Debt Freedom Session 1 – Change Your Mindset. Average American family has $9,000 in credit card debt Debt is stealing our freedom The rich rules over.

Credit 3 C’s of Credit. Character – Will you repay the Debt?  Have you used credit before?  Do you pay your bills on time?  Do you have a good credit.

A Responsible Shopper Uses systematic decision making: considers the pros and cons of a choice along with the costs. Be financially responsible: plan your.

PERSONAL FINANCE Financial planning for individuals. Generally, it involves analyzing your current financial position, predicting short-term and long-term.

Buy Now, Pay Later – Where’s the Catch?. What do you think...  If you ever wanted to get a loan or a credit card what would you have to do?  Could you.

College lesson four about credit.

Financial Literacy Buying a Car.... Finance Options: Savings – Put a regular amount into a Bank Account each month. Expect to receive around 2.75% interest.

Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.

Chapter 7 Buying Decisions Lesson 7-1 Designing a Buying Plan LEARNING OBJECTIVES: - DISCUSS THE RESULTS OF BEING FINANCIALLY RESPONSIBLE AND FINANCIALLY.

Section 1- Designing a Buying Plan CHAPTER 7.  Systematic Decision Making  The process of making choices that reflect your goals  Consider pros and.

COST OF MONEY TEST PREP. INTEREST RATES GOING DOWN NO INFORMATION RATES WILL INCREASE LOCK UP CURRENT RATE FOR A LONG PERIOD OF TIME.

© South-Western Educational Publishing Chapter 19 Problems with Credit Getting Unstuck Reconsidering Bankruptcy.

Teens Credit- Day 3 Independent Living December 2, /09.

Credit – You’re in Charge.  Credit – the ability to borrow money in return for a promise of future payment. ◦ Credit has the opposite trade-off as saving.

Godly Perspective Average household debt in the U.S. is now 136% of the household income. For those carrying a balance, the average credit card.

Credit. credit is money loaned in exchange for your promise to pay it back later with interest. interest is a amount of money paid to use someone else’s.

DEBT DEBT …is just a symptom Mark 10: As Jesus started on his way, a man ran up to him and fell on his knees before him. “Good teacher,” he.

Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.

Borrowing and saving Savings. about the risks and consequences of borrowing money that it’s important to think carefully and look at all of the information.

Advantage: Convenience  Credit is handy for shopping the Internet or eliminating the need to carry around large amounts of cash when shopping, renting.

Managing Money in the Real World Understand the Danger of Debt.

Prov. 22:7; Rom. 13:8; Gal. 5:1 The rich rule over the poor, and the borrower is servant to the lender. – Pr 22:7 Don’t run up debts, except for the huge.

Assets and Liabilities. Assets- Items you own that have a value Liabilities- Debts you owe Net worth- Value of assets minus liabilities Checking Account.

What is Credit? Buy now, pay later Loans:PersonalMortgages StudentDebt consolidation AutoCredit Cards BusinessCash Advances.

Money Matters ©2016 albert-learning.com Money Matters.

LOANS AND DEBT. OBJECTIVES Students should be able to: Explain the link between credit and loans. Explain the difference between ‘good’ and ‘bad’ debt.

ROMANS 13:8 8 Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.

7.6.7 Simple Interest.

Credit Terminology.

Top 5 Tips for Splitting Your Expenses with Your Partner.

Lesson seven credit presentation slides.

Slaves to God or to Man?.

Credit Scores Interest on Debt and Interest on Savings

L Let it hurt then let it go -- r.h.Sin. L Let it hurt then let it go -- r.h.Sin.

Budgeting and Saving By Mr. Brown

6 The Money Trap.

Presentation transcript:

Wisdom in Borrowing

‘Just as the rich rule the poor, so the borrower is servant to the lender.’

Truth

The wiser you are with money, the freer you will be in life.

Property Property Study loan Study loan Start-up Start-up finance finance  Clothing  Cars  Furniture  Appliances  Luxury items  Flashy lifestyle

‘If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.’

Honesty in earning or work Responsibility in spending Wisdom in borrowing Self-control in saving Generosity in giving

Borrowing money for daily needs Borrowing money for daily needs Using credit cards to settle debt Using credit cards to settle debt Debt to support identity and image Debt to support identity and image Borrowing at high interest rates Borrowing at high interest rates

‘Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.’