Archive for April, 2012

Is debt reduction a greater priority than tithing? P. 1

For our next two posts, I am going to explore the question: is debt reduction a greater financial priority than tithing? The intuitive answer from a “good money sense” point of view might be “yes”. After all, isn’t debt the worst possible financial ill on the planet? Shouldn’t we be employing every possible financial means to reduce our personal indebtedness? For many of us, ten percent of our income (the tithe) might seem like a good chunk of money that could be used for paying down our mortgage or car loan principal. Mathematically speaking, think of how quickly our debts might disappear if the tithe were applied to our credit card balance? Look at all of the things that good stewards of money practice in order to pay down debt: shop second-hand stores, reduce driving miles, down-size our homes, save energy, cook our own food, make stuff, stretch stuff, use coupons . . . is the tithe only obligatory for people who have been blessed with extra money?