Debt is crippling, so stay/ get out of it please!

ImageDebt is terrible. Debt is crippling. Debt takes a heavy toll on relationships, spirituality, and certainly on peace of mind, not to mention potentially killing future financial opportunities by wreaking havoc on credit scores.

Of course there are reasonable exceptions to go into debt, such as the wise purchase of a modest home or car, and making investments in education. However, accumulating (extravagant) debt can be one of the most destructive decisions we could ever made.

Quoting J Reuben Clark (who was alive during the Great Depression), former LDS President Gordon Hinckley counsels:

“Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you….I am suggesting that the time has come to get our houses in order.”

So yeah, debt stinks. On the contrary, having financial security and exercising responsibility is one of the most liberating things we can experience.

Staying (or getting) out of debt
eliminates reasons to fret!


1) What can YOU do to take this counsel to heart?

2) How can you avoid or mitigate debt?

3) If you are currently in debt, what steps can you take and resources can you use to get out?


“Pay the debt thou hast contracted…

Release thyself from bondage

-D&C 19:35


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2 responses to “Debt is crippling, so stay/ get out of it please!

  1. good council as always from our church leaders, you have inspired me to write about this issue on my blog you asked 3 questions. the answers i would give are
    1 stick to a budget and focus on debt repayment,
    2 do not accept credit cards just because you qualify, dont make purchases you cant afford
    3 commit to a min amount of repayment and put things like vacations on hold till you are out of debt, it sucks but it will work and you will be glad you did it.

  2. Brian Litster

    Dave Ramsey teaches good principles on getting out of debt

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