Some people find it difficult to manage their money . How could the government help prevent debt problems and support such people?

Nowadays,

money

management is important; yet most of them cannot control their

money

income and outcomes.

Therefore

, they tend to borrow

money

and lead to

debt

problems . Since these issues have become a trend; in my view, governments need to solve them for some reasons that are set out below.

Firstly

, governments need to fix the human intelligence itself;

hence

the root of

this

problem is their lack of ability to manage the financial cycle. They can open communal sharing regarding the technique to manage it.

Therefore

, some of them will realize their mistakes, and they will change their habits in the future. Yet, there is still a chance that some of them will be bound by the

debt

issues,

however

, if the solution is well implemented

then

it will help the citizens to get out of

this

matter.

In addition

, the government can decrease the tax paid by small-income workers and companies to boost the financial cycle for both governments and folks. After all,

this

approach will reduce their prolonged debts;

hence

, when they have already paid their debts, they can request another loan if needed. But,

this

will lead to people who are in mid and high-income families making fake reports to get the same benefits.

Finally

, they can put more strict regulations to handle debts.

For instance

, they can reduce the limit of the

money

that can be borrowed.

Therefore

,

this

approach will put down the problems to some point;

consequently

, they cannot create a huge

debt

anymore. On the other side,

this

act will make them lose interest in borrowing

money

and reduce the income of the government in receiving interest. In conclusion, the government can put more strict regulations, decrease the term fee for some people from low to mid-income, and advertise management knowledge to extinguish the

debt

problems with ease to fix

this

condition.