Personal Finance, better balance your income to expense

Personal Finance education or making people aware of better personal finance management skills, still I found to be a topic need addressed for the time being.

Typical example of ciaos of personal finances effect on economy goes like this...

Poor personal Finance management > Individuals borrowing money on credit > Poor planning cause individuals to not able to pay the borrowed money back in time > Banks that lend money in trouble > Banks asking for help from the government to survive > Bailout plan from Gov using tax payer money > Government debt sky rockets

The circle goes on and on as long as Banks continue to lend money to individuals that has no long-term solid means for repaying.