Are They Poor or Just Broke?

In the worlds of personal finance, debt management, and budgeting, many labels are thrown around to explain or justify bad money behavior.  One of these labels is “victim” which I have previously written about as applied to homeowners in foreclosure.   In actuality, very few of us who suffer from financial problems are victims in the sense that our problems are caused by others.  Instead, we are victimized by our own poor judgment, awful decisions, lack of willpower, and failure to prepare when it comes to handling our own money. Read more