What is Financial Bondage?


Financial bondage exists when there is excessive debt
or a preoccupation with wealth or misuse of it.

The most common type of financial bondage is the excessive use of credit. Many people think they’ll not be allowed to borrow more than they can afford to pay. This simply isn’t true! On top of this, creditors are allowed to charge even more interest on delinquent accounts. It’s simply a no-win situation.


Symptoms of Bondage:

Overdue bills stemming from the lack of planning and from overspending.

Investment Worries - worrying about your financial assets is bondage. If your investments cause worry, you can be sure you’re not in God’s will. Matthew 6:24-25 tells us that we cannot serve both God and money, and that life is more important than things.

Get-Rich-Quick Attitude - the tell-tale signs here are taking on excessive debt, borrowing money to invest, or dealing deceitfully with people. Proverbs 28:20 says, “A faithful man will be richly blessed, but one eager to get rich will not go unpunished.” Always assess your true motives for financial involvement.

No Gainful Employment - the expectation is that those who work should support those who don’t. This is wrong! II Thessalonians 3:10 says, “..if anyone will not work, neither let him eat.” Naturally, this does not include circumstances involving a prolonged illness or a legitimate disability. But when it involves able-bodied people, this form of financial bondage is selfishness to the core!

Deceit - being dishonest in financial matters will strip away peace and contentment. An obvious example is lying about what something is worth. But think about it: Purchasing something on credit when you know you’re already behind on your bills falls into this category too. Luke 16:10 reminds us that “whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.”

Greed - this is what underlies always wanting the best, or always wanting more. Not being able to put others’ needs first, never able to accept a necessary loss, or always looking at what others have = Greed. We must learn to put our wants aside in order to satisfy the needs of others in order to avoid this financial bondage trap.

Coveting - wanting what others have. This attitude, especially among the young, is all too easy to slip into, and starts the downhill spiral to financial bondage. Peace and contentment should be our goals.

Unmet Family Needs - this is usually a by-product of one or many of those issues already mentioned. And, unless such circumstances are due to illness, injury, or unforeseen events, it all boils down to irresponsibility. Plain and simple.

Lack of Charity - we are called to help supply the needs of those who cannot do so for themselves. To refuse to do so in a tangible way is selfish and short-sighted.

Overcommitment to Work - devotion to business pursuits that excludes all else is bondage. We are called to excellence, not overcommitment. Know the difference.

Money Entanglements - these stem from mishandling finances, perhaps even deceitfully. Entanglements require continual manipulation to keep the mess from collapsing.

Financial Unfairness - this involves promoting our own interests to the detriment of others. High-pressure sales tactics can fall into this category, especially when used in dealing with recent widows or others under duress. Taking advantage of a situation or a relationship, rather than focusing on the value of what is offered, is deceptive and selfish. Dealing with anyone in this manner is outside of God’s will.

Financial Superiority - this occurs in those blessed with abundance. Wealth is not an honor or a right, but a responsibility. Those who have much should share it with those who have little, and do it without demanding attention. In the last days, there will be no provision for the financially superior. We will all be equal, with no financial protection, except for those who understand God’s Word and have planned accordingly.

Financial Resentment - this attitude comes from the mindset that God has not given us what we deserve or desire. We covet what others have and are resentful toward God for our station in life. One quick attitude-check is to remember how most of the rest of the world lives --- even our pets eat better than they do!



Financial bondage can grow out of any of four conditions:

• a lack of money

• overspending

• an abundance of money

• a misunderstanding of how money is to be used.


Continuing to adjust our spending level to exceed our income will result in financial bondage. Borrowing is the most common pathway into bondage.

Psalm 37:21 says. “The wicked borrows and does not repay,
but the righteous is gracious and gives.”




return from Financial Bondage to Contentment

return to Debt Elimination

return to How to Spend Money