Insolvency experts predict that more and more people who are short of money are going to turn to pay day lenders for a short term loan.
On the surface it sounds simple. You borrow a few hundred pounds from a payday loan company to tide you over until you receive your next pay cheque. It fills a gap and enables you to pay that urgent or unexpected bill, rent or mortgage. But the loans are very expensive with extraordinarily high rates of interest and all too often you find you cannot repay the loan as planned and end up in more mess than at the start.
No surprise then that debt charities and consumer groups are warning that such lenders can lure the unwary into taking on debt that easily balloons out of control.
These payday loans are very much in the news at the moment but they are just one facet of a much bigger question: how should we manage our money? Or more to the point, as Christians, what does the Bible tell us about managing our finances?
Sadly, money is a subject many of us prefer not to think about and we rarely sit down to work out what the Bible has to teach us about it. Cash Values is designed to get us to do just that.
In this series of short, thoroughly readable studies, we are guided through the important Bible passages about money, explaining how the subject is significant to our relationship with God and our fellowship with other Christians. Straightforward discussion blended with responsible attention to the Scriptures make this book a valuable resource for both churches and individuals.
Get it here with a 20% discount.
Dean is the Sales Manager at The Good Book Company. He engages with churches, organisations and individuals to provide them with useful resources for their varying ministries. Dean attends St John's Church in Woking, where he lives with his family.
