Newscasts report daily that our economy is on a downward trend. People are losing their homes, highly-paid executives are losing their positions and having to settle for lower-paying jobs, food and energy costs continue to increase, and the list goes on.
While these facts are true, what we are experiencing is not new. In Jeremiah 29, the "weeping prophet" predicted long-term captivity. Israel would endure 70 years of hard labor before they would be allowed to return to their homeland. Let's all hope and pray that our current economic downturn won't last that long!
We have compiled a list of things you can do to survive or thrive in our current economy.
Learn to be content. (1 Timothy 6:6-9).
Pay your bills faithfully. Making your payments on or before the due date is a positive testimony to your creditors and a good example to your family/neighbors.
Prioritize your debt, making sure you don't compromise your home or your transportation.
Negotiate with creditors as needed. Be proactive. Seek a meeting with them to make payment arrangements rather than waiting until you miss payments and they come looking for you.
Downsize if it puts you in a better cash position.
Pay extra whenever you can to accelerate payoff dates.
Source: Crown Financial Ministries
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