Bangalore: Not all of us are perfect managers when it comes to managing our personal finances. How often do we delay important bill payments, leave things to the last minute and scrape through deadlines. Living paycheck to paycheck and one payment will leave you in a financial mess, no money in your saving account, no sufficient emergency fund. Financial planning, budgeting and other aspects of managing money can be complicated and stressful to deal with. Is the foundation of your financial life weak? Is it unable to withstand even the smallest changes and challenges? Let's take a look at the things or even situation that drags one to the edge of a financial cliff. Depending On Debt To Pay Bills Surrounded by a tough economy, most of us will be forced to get into debt to make ends meet. Living on a shoe string budget ain't fun. In order to pay the fulfill certain basic needs people opt for various options like availing a short-term loan, using credit cards to make small purchases and borrowing money from family and friends. Borrowing money might bring in some temporarily relieve, but you are actually setting a platform to get trapped in serious debt problems. Lots of debt is an easy way to get yourself living on the financial edge. If half of your income is going towards interest, then you might need to think about ways to reduce your debt or increase your income to pay it off.