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People, who have a fixed monthly salary, divide their income in various expense sections made by them. Each household has its own fixed and variable expenses. We do keep some expenses as miscellaneous and spend it as and when there is a need.
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Debt is debt no matter who you owe from cash advances gone bad to a pile of credit cards maxed out. Debt is money that you borrowed and promised to return with a fee for the service. This fee is most often determined by an interest rate. This rate is charged against the amount owed and is added to the balance of the account. Once a debtor has defaulted on payments, the risk of the debt collections rises.


