Crown Announces Launch of New Financial Advice Column that Answers the Question, "What does the Bible Have to say about Money?"

Crown CEO Chuck Bentley Weighs in on Whether the Only Good Credit Card is a Cut Up Credit Card in First Column

Nov 13, 2015, 09:10 ET from Crown

KNOXVILLE, Tenn., Nov. 13, 2015 /PRNewswire-USNewswire/ -- In a new financial advice column at the Christian Post, a prominent, national news site, Crown Financial Ministries CEO Chuck Bentley weighs in beginning today on financial issues, from dealing with debt to understanding world markets, offering fiscal insights on today's problems from the timeless perspective found in the Bible. "Rich or poor, everyone thinks about money and tries to understand how to handle the resources we have, and most of us wonder about how to get better at it. What too few of us understand is that God can help and offers us plenty of it in the Bible," Bentley observed. "In fact, there are more than 2,000 verses about money and possessions in the Bible – two times more than verses about heaven and hell combined. God did not leave us alone to fight all the financial pressures and challenges we face without His wise guidance and trustworthy principles."

For more than 40 years, Crown has been teaching people how to manage their finances, whether at home or at work, whether building a business or planning for retirement, counseling millions of people around the world about Biblical financial principles. In his first column for the Christian Post, Bentley took on the controversial subject of credit cards – and whether we should all cut them up.

Dear Chuck,

So many financial advisors operating from a Christian perspective advise strongly against having a credit card, but in today's society, it's hard to imagine how that would work. Is there a right way to have a credit card?

Curious in Nashville.

Dear Curious,

Yes, there is a responsible way to have a credit card. In fact, there is such a thing as free money! The credit card industry is willing to provide those with acceptable credit an opportunity to borrow money for 30 days without interest or carrying charges.  That's right, they are offering you free money; but there is a catch.

If you ever fail to meet their requirements for paying off this 30-day loan, the costs will likely far outweigh the benefits.  That is the risk the credit card company is taking and they expect to win for two reasons:

  1. Those who issue you a credit card are counting on you NOT having any self-control.
  2. The credit card issuer knows that the card in your pocket is likely to be used for unexpected expenses when something happens and you need immediate cash.

Credit cards are a risky form of currency.  They are not bad or good. In my opinion they can be bad in the wrong hands but good in the right hands. To learn more about how to properly handle a credit card, click here to read Bentley's complete column.

To #Ask Chuck @AskCrown your own question, click here:

Chuck Bentley is the CEO of Crown, the largest Christian financial ministry in the world, founded by the late, Larry Burkett. He is an author, host of My MoneyLife, a daily radio feature, and a columnist for the Christian Post and a frequent speaker. Follow him on Twitter @chuckbentley For interviews or speaking requests contact media@crown.org

 

SOURCE Crown



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