Break Free: 5 Biblical Steps to Get Out of Debt for Good
The Weight You’re Carrying Isn’t Just Financial—It’s Spiritual
Debt doesn’t just impact your bank account. It drains your peace, your relationships, your confidence, and your purpose. It keeps you up at night wondering how you’ll make it through the next bill cycle. It causes arguments at the dinner table. It makes dreams feel distant and hope feel expensive.
But friend, you were not created to live in financial bondage. You were created to walk in freedom.
“The rich rule over the poor, and the borrower is slave to the lender.” – Proverbs 22:7 (NIV)
This verse may hit hard—but it's also an invitation. God's Word doesn’t just reveal your current condition—it points the way out. If you've found yourself buried under credit card bills, car loans, or personal debt, know this: God has a plan for your financial healing.
At Lionhood Financial Coaching, we believe debt freedom isn’t just possible—it’s biblical.
A Parable That Mirrors Our Journey: The Prodigal Son
Remember the Prodigal Son in Luke 15? He demanded his inheritance, spent it recklessly, and ended up broke and broken—feeding pigs and dreaming of eating their food.
Debt feels the same. It begins with a sense of control, maybe even entitlement. But eventually, the weight piles up, and like the prodigal, we find ourselves far from peace and provision.
But here’s the powerful part: the son came to himself. He didn’t stay in the mess. He made a decision. And when he turned back, the Father ran to him with open arms—not condemnation.
The same is true for you. Whether your debt was the result of hardship, mistakes, or mismanagement, there is grace and a path forward.
5 Biblical Steps to Get Out of Debt for Good
Let’s get practical. Freedom from debt doesn’t come overnight, but with commitment, guidance, and faith, you can walk out of it—stronger, wiser, and more rooted in God’s provision.
1. Confess & Commit
“If we confess our sins, he is faithful and just to forgive us...” – 1 John 1:9
Start by being honest—with God, with yourself, and with those closest to you. Acknowledge how you got here, but don’t let shame linger. Confession isn’t about guilt—it’s about ownership.
Then make a commitment: “I will no longer borrow my way through life. I will trust God’s wisdom over worldly systems.”
This is the spiritual reset that fuels every financial decision that follows.
2. Budget with Purpose
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost...” – Luke 14:28
Budgeting isn’t a punishment—it’s a weapon. It puts every dollar in its place and every desire under God’s authority.
Use your budget as a faith tool:
List your income and expenses honestly.
Prioritize necessities (housing, food, utilities).
Cut excess spending with the heart of a steward.
Assign every dollar a purpose—especially toward paying down debt.
When you budget with purpose, you stop wondering where your money went—and start telling it where to go.
3. Attack Debt Strategically
“The plans of the diligent lead surely to abundance...” – Proverbs 21:5
There are two proven ways to tackle debt:
The Debt Snowball: Pay off the smallest balance first for quick wins.
The Debt Avalanche: Pay off the highest interest first for long-term savings.
Either works. What matters most is momentum and consistency. Let your progress remind you that God is with you in every sacrifice.
Pro tip: automate your minimum payments and throw extra at your target debt each month. Sell things. Pick up side gigs. Fast from eating out. Get aggressive. Your freedom is worth the fight.
4. Build Margin & Emergency Reserves
“Precious treasure and oil are in a wise man's dwelling, but a foolish man devours it.” – Proverbs 21:20
Debt often thrives when there’s no margin—when every car repair or medical bill sends you further into the red.
Once you begin paying off debt, carve out a starter emergency fund (we recommend $1,000 minimum). Then keep building it until you’ve saved 3–6 months of essential expenses.
Margin = breathing room. It’s a spiritual discipline that says, “I will not live at the edge. I will trust God by preparing wisely.”
5. Sow & Steward with a Kingdom Mindset
“Honor the Lord with your wealth and with the firstfruits of all your produce…” – Proverbs 3:9
Freedom from debt isn’t just about what you gain—it’s about what you can give. Begin tithing consistently, even while on your debt journey. This isn’t about superstition—it’s about surrender.
As you gain margin, steward generously:
Give to your local church and causes you believe in.
Save and invest wisely (Ecclesiastes 11:2).
Teach others what you’ve learned.
Your testimony of breakthrough becomes a blessing for others.
Freedom Isn’t a Fantasy—It’s a Decision
God doesn’t want you bound by financial chains. He wants you to be a light, a lender (not a borrower), a blessing to others. And that begins with one step of obedience at a time.
It’s not easy. But it is worth it.
💬 Ready to Take the First Step?
At Lionhood Financial Coaching, we walk beside you with grace, strategy, and biblical wisdom. You're not alone—and you’re not too far gone.
➡️ Book a free consultation and let’s create a debt freedom plan tailored to your life, your goals, and your faith.
Let’s reclaim your peace. Restore your finances. And reignite your future.