Should Churches borrow money?

[Felipe Rios]

Probably say don't borrow.

Correct. Living debt free is truly financial freedom for individuals and for churches.

 

[Salty]

What would Dave Ramsey say?[/QU

I wouldn't waste my time to ask Ramsey

 

[Salty]

Correct. Living debt free is truly financial freedom for individuals and for churches.

Depends on how you look at at.

If you rent - you pay every month
But if your borrow money - than the loan will eventually paid off - then you have no
payment - rent or mortgage. And as a church - you pay no taxes on property that
you own. If you rent - in essence you are (indirectly) paying property tax.

The trick is not to borrow more than you can reasonably pay back.

 

[Reynolds]

Depends on how you look at at.

If you rent - you pay every month
But if your borrow money - than the loan will eventually paid off - then you have no
payment - rent or mortgage. And as a church - you pay no taxes on property that
you own. If you rent - in essence you are (indirectly) paying property tax.

The trick is not to borrow more than you can reasonably pay back.

Why borrow at all? Delayed vs instant gratification should be practiced and taught.

 

[Salty]

Why borrow at all? Delayed vs instant gratification should be practiced and taught.

because, as I stated before - it could save the church money.

Note: I am not talking about having a multi-million dollar building,
rather - simply modest accommodations.

 

[KJVOBible]

I can't say I am necessarily against a Church making more room for members, but I will say this, I have seen Churches that expand out when they don't even need to.

One Church I went to they had the old fashioned pews which I love, the hymnals, the Bibles, the Crosses, etc. etc., and sadly for some reason due to all of this new age emerging church movement they got rid of all of those things. Well they moved from their Church building to the Gymn wing they had for basketball or whatever, and they brought out the new age foldable metal chairs, they stopped calling their Church a church, and they started calling it a "worship center" and ever since I have seen a decline... of course I stopped going there not long after that.

So yea, I do not mind funding a Church that wants to make more room, or have Vacation Bible School, but I will draw the line in the sand when they start removing things like Crosses, Bibles, Hymns, Pews, etc... I am NOT ashamed of the Gospel of my Lord Jesus Christ, and I won't go to a Church that is ashamed.