Davey Boyd

According to the Mortgage Choice First Time Property Investors Survey, Gen Y property buyers are more likely to go into debt to buy an investment property rather than buy a house to live in.

They also found that we Gen Y’s are:

• increasingly driven to save for their first purchase,
• making lifestyle sacrifices to save money for property,
• most likely to cut back on alcohol-related spending,
• change jobs for higher income,
• take on an additional job
• delay having children in order to save for a deposit.

In other words, we have to work very very hard and put off parenthood just to get a house because prices are so high and unaffordable and even then we’re not living in them.

I’ve been surprised by how much the Bible actually says about money – budgeting, saving money, spending it, how to handle it, how to give and why to give and more. And to show you what I mean, have a look at Christian PF’s massive list of lists in 250 Bible Verses about Money which is conveniently categorised under many headings.

Here are my top 3 Bible Texts of late that talk about money and have impressed me (or been impressed upon me) over the last few months:

“Save yourself like a gazelle escaping from a hunter, like a bird fleeing from a net.” Proverbs 6:5

In the context of having found yourself in debt, the book of Proverbs describes what our attitude should be like in regards to our debt. We’re not to be laissez faire where we gently stroll away from debt. No! I’m reading this and I’m made aware that I must flee from debt like a gazelle running away from a hunter. So if you’re up to your neck in consumer debt do something about it! Stop spending like money is going out of fashion, start saving and work harder + smarter to increase your income (which is easier said than done).

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