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Daily Verse: “Take a man’s garment when he has put up security for a stranger, and hold it in pledge when he puts up security for foreigners.” Prov. 20:16
Character grows when we take responsibility for our debts. Becoming responsible for someone else’s obligations means you must pay them. Culturally at this time, taking someone’s garment means you accepted their debt.
“The “one” for whom this person took responsibility is called “a stranger”—probably meaning other members of society.” Expositor’s Bible Commentary
In college, my mom paid off the $1000 car note I had to give me a leg up. Instead of making the best of the opportunity, I incurred more debt. Although Mom had good intentions, assuming my debt hurt me instead of helping me. She learned from her mistake and didn’t do it again. As a result, I learned financial principles and became fiscally responsible.
Applying Biblical principles to finances will help us grow in more ways than one. Practicing self-control through budgeting will develop our character and help us become fiscally responsible with God’s blessings.
Lord, forgive us for our poor financial decisions. Help us learn and apply Your principles to our lives, becoming fiscally responsible as we do. Thank You for providing for us; let us manage our blessings well. IJNIP. Amen