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Cancelling Your Debts This Christmas

Most Americans are currently in debt, owing more money than what they have or make. According to a recent survey, 81.5% of millennials, 80.9% of baby boomers, and 79.9% of Gen Xers possess some sort of outstanding debt. To make matters worse, guilt will drive many to buy Christmas presents that they can’t afford as an act of love. However, going into greater financial ruin just to impress your children, family members or significant other isn’t worth it. Instead of waiting for New Years to start a list of resolutions, it’s time to cancel your debts this Christmas.

Therefore the kingdom of heaven is like a human king who wished to settle accounts with his attendants.24 When he began the accounting, one was brought to him who owed him 10,000 talents [probably about $10,000,000], 25 And because he could not pay, his master ordered him to be sold, with his wife and his children and everything that he possessed, and payment to be made, Matthew 18:23-25.

In the passage above and below, Jesus begins the Parable of the Unmerciful Servant. Using the amount of the debt above based upon the income from a first century worker, this man would have had to work more than 100 years to pay this off which wasn’t possible. Recognizing the dire condition of his servant’s debt, the master took pity by cancelling the entire amount. Similar to the modern expression “Pay it Forward,” the man who had his debt forgiven, failed to practice the same mercy when someone owed him money. Unfortunately, this world is full of individuals who say the right thing, but rarely practice what they preach.

So the attendant fell on his knees, begging him, Have patience with me and I will pay you everything. 27 And his master’s heart was moved with compassion, and he released him and forgave him [cancelling] the debt, Matthew 18:26-27.

As the weight of buying presents this Christmas begins to burden your soul, think of creative ways to display your love and affection. The artists and creative may be inspired to make gifts rather than purchase them. Others may be compelled to downsize their number of gifts to one per family member or institute a secret Santa for a group so only one large gift needs to be bought. Whatever you decide, the sooner you get your finances in order, the quicker you’ll be able to find peace this Christmas. In the context of forgiveness, make sure you follow the example of the master in the parable above so that past trespasses against you will be cancelled for good this Christmas, Matthew 6:14-15.

by Jay Mankus

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