Gifts and debt
December 18, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M 56% of Americans will take on debt for Christmas gifts and 16% will take over 6 months to pay it off. Average amount is $930. Imagine how much the gifts purchased are valued 6 months later.
V Is it worn out, eaten, broken, or collecting dust somewhere? What else could you have done with the added interest you paid for 6 months. We know that emotions are tugged at Christmas time. Comparing, pleading, and simply trying to please are not Kingdom building gift giving.
M Don’t take on debt to show love. Setting that good example is a valuable gift to your child. Let your child help pick a way to give to someone with needs. That’s Kingdom value.