Articles > Spending
Why do I indulge in excessive spending?
Avoiding the Pitfalls of Excessive Spending
by Dianne Becker
“Eat, Drink and be Merry for tomorrow you may
This was the Greek way of thinking and has become an
American lifestyle. As Americans, we are blessed with
so much abundance and easy credit that it makes it easy
to get whatever we want, whenever we want it, without
waiting until we are financially able to afford it.
The problem with this philosophy is that the credit
card bill usually comes in before the money does, leaving
behind unwanted debt.
The bible says in Proverbs 21:17 (NIV) “He who
loves pleasure will become poor; whoever loves wine
and oil will never be rich.” What this means is
that you must be accountable for your spending and guard
your heart from too much self-indulgence.
For example, when you shop, do you plan your trips
with purpose or just shop on impulse? Do you save and
plan for major purchases? Do you live one day at a time
or do you live in view of your future? Do you live within
your means or live outside your comfort zone?
Too many impulse purchases can lead to an overload
on credit with the inability to pay debt quickly. Worse
still, you may find yourself paying a much higher interest
rate than you had anticipated. Another downside of using
credit cards is that it is easier to slip those extra
items in the cart. Studies show that credit card spending
results in up to 35% higher purchases, on the average,
compared to shopping and paying cash.
Stop, think and look for the best interest rate before
you consider purchasing that new car, boat, or house.
Take time to consider the total cost instead of just
looking at the monthly payments. That can save you money
in the long run. In fact, think very, very hard about
any new debt! Spending money is simple but it often
leads to the slippery slope of debt bondage.
Eating out has become a way of life for many who are
too busy, too tired, or too stressed out to cook at
home. Dining out on a regular basis can easily triple
or quadruple your food allowance.
So what must you do to avoid the pitfalls of excessive
spending? This calls for a change of heart and a focus
on God’s goals for your life. The Bible says in
Proverbs 3:5 (NIV) to “trust in the Lord with
all your heart and lean not on your own understanding.”
To trust in the Lord means that you must give up your
ways of doing things. Easy credit has opened the door
to easy spending which in turn leads to debt bondage.
It is not God’s will for you to be in debt. He
has a plan of freedom for all who will trust Him. If
you allow the Lord to make the necessary changes, then
you will be on the pathway to freedom from debt.
Find out what God has to say about debt and discover
His freedom plan for you. Financial Freedom in 7 weeks
Plus will answer many of your questions concerning God’s
plan for your finances. As you learn that all financial
decisions are really spiritual decisions, you’ll
be well on your way to “living loud and leaving