What are money problems?Money problems effect each and every one of us at some point in our lives. Money problems are classed as "debt", unpayable credit notes, not enough money to pay the bills, or money re-payments that are difficult to make. It is not only individuals who can have money problems, many businesses also have money problems, whether its clients not paying, or massive loans to re-pay which were taken to startup or advance.
Why do people have money problems?Many people claim that they have money problems and blame it on the apparent "recession" however it is upto each individual to properly manage thier income and expenses to prevent money problems.
If you have more expenses than income, then you have money problems. Some people choose to take out loans to tackle money problems, however this just makes the debt bigger and span over a larger amount of time.