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In regard to the subject of financial 'Debt', reviewing Nelson's Three In One Bible Reference Companion, Romans 13:8 is provided as example.
From the New American Standard Version:
Romans 13:8
New American Standard Bible (NASB)
8 Owe nothing to anyone except to love one another; for he who loves [a]his neighbor has fulfilled the law.
Footnotes: Romans 13:8 Lit the other New American Standard Bible (NASB) Copyright © 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation Romans 13:8 in all English translations
Nelson's Three-In-One Bible Reference (1982), Nashville, Thomas Nelson Publishers.
Writing on 13: 8...
Cranfield comments that 'Christians are to leave no debts, no obligations to their fellow-men undischarged.' Cranfield (1992: 326).
Mounce: 'The Christian is to allow no debt to remain outstanding except the one that can never be paid off-''the debt to the love one another''.' Mounce (1995: 245).
A key in regard to financial debt with the verse is the 'Owe nothing to anyone', although overall within Christian faith, theology and philosophy, love of course is central.
As a student I had many years to be frugal and conservative with my income and to prayerfully consider money and now have quite a strong theological and philosophical objection to debt.
I dislike being in debt to corporations and to governments. My British Columbia and Canada loans being bank, provincial and national loans,
Within the laws of British Columbia and Canada, as certain time has passed, I am presently negotiating far more beneficial financial terms student loans terms for the present and future.
I personally have no interest in new vehicle payments and unless one owns a luxury vehicle or high-end sports car, I view a new vehicle as generally a depreciating asset and would prefer to pay cash for a quality used import vehicle, probably Japanese, that could last ten, twenty or even thirty years.
A house, townhouse or condominium as an investment could appreciate and rise in value but I would not wish to be 'house poor' with a large mortgage, but of course would like to live in a quality home and not in a 'shack'.
It seems good and reasonable to have significant cash savings and the ability to travel to Europe for cultural activities, football tours and a holiday from work.
Travelling to the United States, Asia and other Continents also is reasonable for similar reasons.
It is also good and reasonable to have significant money to give to the Church and the poor, for example.
Romans 13: 8 is good and reasonable is regard to financial debt.
CRANFIELD, C.E.B. (1992) Romans: A Shorter Commentary, Grand Rapids, William B. Eerdmans Publishing Company.
MOUNCE, ROBERT H. (1995) The New American Commentary: Romans, Nashville, Broadman & Holman Publishers.
Nelson's Three-In-One Bible Reference (1982), Nashville, Thomas Nelson Publishers.
