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About the Author/Editor
Eric Swanson is the Executive Director of BeatingDebt.org. He has a passion for families having the freedom to enjoy their marriages, family, and God without the struggle of debt. He is joining others together to turn the tide of accepting debt as a normal part of life and to return to God's perception of debt being slavery. Please join him and committing to beat debt.
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Consumer Credit up 2.4 percent, first time in a year
By Eric Swanson The Federal Reserve released its latest findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of January by 2.3 percent. Unfortunately, non-revolving consumer credit went up... Read more »
Dollarless Deals, A Great Alternative to Using Debt
March 8, 2010 in Anti-Consumerism by BDO
By Eric Swanson Bartering is fast becoming the new normal for frugal citizens. Many business owners provide services that they are now willing to trade for other similarly valuable services or products. The truth is, though money is tight, we can... Read more »
Personal debt is the biggest contibutor to inflation
February 25, 2010 in News by BDO
The below picture is a graph of the U.S. inflation rate by month from Dec 2007 to October 2009. Notice that inflation is positive until about the beginning of 2009 and then it starts going negative. The below picture is a graph of the U.S. personal... Read more »
Keeping Pace Raleigh goes to the NC Food Bank
February 20, 2010 in Organizational by BDO
By Eric Swanson An important part of the Keeping Pace program is to organize monthly debt evangelism and/or volunteer opportunities for members. This month, the Keeping Pace Raleigh group organized an event at the NC Food Bank. The Food Bank just received... Read more »
Debt: The New Pharaoh Pt 1 of 3
February 16, 2010 in Multimedia, Spiritual by BDO
Just as the Pharaohs of Egypt once confined God’s people to slavery, today many Christians are severely limited in their serving Jesus fully because of a ‘new Pharaoh’, debt. Never in its entire history has America and her people been... Read more »
Giving Couple Time on Valentine’s Day
February 9, 2010 in Anti-Consumerism by BDO
By Eric Swanson In preparation of the Raleigh Valentine’s Day Debt Prevention Rally, I wanted to share with you a great idea that portrays the idea that we don’t have to go into debt to show our love to our significant other. Parade Magazine... Read more »
Why should the Church be debt free?
February 9, 2010 in Spiritual by BDO
By Wayne Coleman The word debt is not the issue, but must be defined. One commonly used definition of the word debt states that as long as ones assets exceed the value of their liabilities, technically they are not in debt. {This definition is made presumptuous... Read more »
Credit card debt down by 11.7 percent
February 9, 2010 in News by BDO
The Federal Reserve released its latest findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of December by a tremendous 11.7 percent. This news is continued good confirmation for those... Read more »
How to prosper in this economy?
February 1, 2010 in Spiritual by BDO
By Eric Swanson In the past decade, many Christians felt that their self-worth was wrapped up in the following concepts: Becoming Wealthy. But Jesus said, “But woe to you who are rich, for you have already received your comfort.” – Luke... Read more »
Recovery coming from materialistic consumers?
January 30, 2010 in Anti-Consumerism by BDO
By Eric Swanson When we hear about the recovery to the economy, does the idea of a materialistic consumer come to mind? If it doesn’t, it should. Since we exist in a debt-driven economy, the only way our economy grows is when a large entity within... Read more »