Yours is also a good theory, but there are plenty of people that find themselves in a situation where income can lag behind expenses.

When it comes to the choice of being responsible with debt or making sure your kid has calories today, there isn’t really a choice in reality.

There is a lot to be said for better financial education, but there is also a lot to be said for services like credit cards that allow someone to smooth out a cash flow issue.

It all seems so obvious until you find yourself in that situation. Most (or many at least) people in debt aren’t stupid or reckless, although they may be ignorant of their options for spending better and for borrowing better.