Tag Archives: Credit

In 2018, MarketWatch reported that the average Christmas shopper racked up $1054 of debt. If that average shopper made minimum payments on his or her credit card, it would take approximately six years to retire their Christmas debt.
It seems, according to statistics reported in Investopedia, that experts expect the average American to spend more this Christmas than the average American expects to spend. This means that millions of American who are still trying to pay off debts from previous Christmases will once again be adding to their debt load.
The old adage, “You can’t spend what you don’t have,” turns out to be less than the whole truth. Unless our payments are late, card is maxed, or credit is revoked, we can spend what we don’t have – for a while.
Is credit extended in other areas of life? For example, can a piano student play beyond what she has practiced – can she play on credit? If she has put in 50 hours of practice, can she play with 200 hours of experience? Can she borrow on what she does not yet have?
What about in the spiritual realm? Can I spend compassion that I don’t have? What about wisdom? Discernment? Will I have endurance that I have not bought through the testing of faith in times of trial? Is there any credit extended in the spiritual realm or is it strictly pay as you go?
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