The average American family devotes one-fourth of its spendable income to outside debts. Since 1945, consumer debt in the United States has multiplied thirty-one times. The IRS calculates that the average filer spends ten times more paying off interest on debts than he gives to charitable causes. If all evangelical Christians were out of debt, hundreds of millions of dollars would be freed up for God’s kingdom. Our families would be stronger, because financial pressures caused by indebtedness are major factors in more than half of divorces.

– Randy Alcorn

Many churches spend more on interest payments than on world missions. Debt ties the church’s hands. If attendance drops, the economy suffers, or giving dips, then pastors or missionaries must go unpaid. The building completed eight years ago, already needing repairs, keeps demanding those monthly payments, mostly going to interest. . . . When a church overextends itself financially, it inevitably spends time during services trying to persuade people to give to the building fund. This changes the focus from worshiping Christ, studying the Scriptures, and meeting the needs of the community to concerns about buildings, mortgages, and money.

– Randy Alcorn