It is a familiar issue, globally. Some blame it on the pandemic. Yet, in many cases climbing debt load/money problems began way before Coronavirus ever entered into the picture. For some, getting into debt began with the hope of a better future. Others? Sometimes, poor choices are involved. Yet, debt doesn’t have to crush the future God has promised you.

Many millennials and those now in college are facing mounting debt loads. Not because of poor choices, but often because of a lack of alternatives. They know a degree is necessary if they hope to not only fulfill their destiny but to just be employed.

It is not enough to have an undergraduate degree, anymore, or even a high school diploma. A Masters or Doctorate is necessary for any well paying job. And that comes with a steep price tag.

Solution… Or problem?


You could say, “Get a scholarship, then.” But there are many intelligent, talented people out there that either don’t qualify, or someone else is selected. There often aren’t enough to go around. Not everyone receives a scholarship because there are so many applicants.

Therefore, many are facing the reality that if they want a good paying job, they must obtain a student loan, or get a line of credit.

The label of millennials etc being lazy and coddled is very much a myth. Laziness can be said of any generation. Many millennials are hard workers- and they often have to be. In order to even get through college many work multiple jobs just to either live and go to the college of their choice or to pay back the debt. “But,” they rationalize. “It is worth it if I get the job of my dreams. Then, I can pay everything back.”

Many do everything that they can to stand out in a very competitive workforce. However, for many, jobs aren’t always easy to come by. Some choose to take jobs that they are overqualified for in hopes to climb the corporate ladder. Yet these jobs often just pay the bills or don’t even cover expenses.

So what do you do?

Some choose to work two jobs just to make ends meet. However, this is hard due to COVID. Debt is rising and so is stress because many can’t pay their bills. It is not that they don’t want to, they just can’t.

Many prolong marriage because they feel they can’t afford a family. Debt has such a stranglehold on them. And it’s not as simple as, “just spend less”, “cut back on your spending”, or “you got yourself into this”. What other choice did they really have?

Kathy McBroom teaches our readers how to spend wisely, and what it all involves. We do serve a God who can do anything- including helping with our debt. Kathy discusses what the Bible says about good and bad spending habits. Also how to bring our spending and our thoughts in line with scripture.

She also talks about the myths and pitfalls associated with debt and money.

This feature and more in our next issue of Faith Filled Family Magazine coming out on December 28, 2020.

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