Janet loves jewellery. A bright bracelet catches her eye, she slaps down her credit card. A necklace that goes with the new top she purchased last week –
hers. Earrings to match? Got them.
The problem is that Janet (not her
real name) can’t afford all that bling. Nor
can she afford the high-definition TV she
watches, or all the shoes that line her
Is Janet unusual? Apart from perhaps her spending priorities, not really.
Although most Canadians think twice
before spending big amounts – renovat-
ing the kitchen, say, or buying a car –
too many of us are out of control when
it comes to spending money we don’t
have, on things we don’t need. And that
means debt. Lots of it. The average Can-
adian consumer debt in 2013 was more
than $27,000. Add in mortgages and that
amount leaps by about $100,000. In total
Canadians now spend $1.65 for every dol-
lar they make.
The bad news for the Church is that
Christians are no different from the rest of
the population. One study shows that 2. 3
per cent of average monthly income goes
to charity, and 9. 8 per cent goes to paying
off interest on consumer debt.
The good news is that something is be-
ing done about this imbalance between
spending and income as Christian finan-
cial advisors take a compassionate and
biblical approach to helping others.
“One of the things we have to do is take
back the conversation about money,” says
Jan Kupecz, executive director of Canadian
National Christian Foundation (www.
cncf.ca). “The Bible says an awful lot about
money.” (Indeed, Crown Financial Min-
istries has compiled a comprehensive list
of 2,350 biblical references to money in a
document 139 pages long.) “But we’re not
When it comes to overwhelming debt, Christians in Canada are the
same as everyone else – in it up to their eyeballs. Christian experts
take a fresh look at the problem – and solutions. By Debra Fieguth
PHo To: WWW.DEsIGnPICs.CoM