Who: As I was interviewing I noticed that not all people have this problem. There was a few that said they never even had debt before and do not plan on getting it as well. Not all people do have debt and many people as well do know how to manage their own money for a day to day life style.
What: I realized that whether people have debt or not it solely comes down to if they want to get themselves in that situation in the first place. Some people do not have any other option while others do.
Why: Many people's life are different. That concludes their financial position in life. Some people have money to save for the future while others do not even have enough to pay for rent at the end of the month. The factors that come weigh out each other but it then has to then be divided to see if it actually affects a large amount of people.
Inside the Boundaries Outside the Boundaries
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Who is in: Everyone that has debt
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Who is out: Everyone that does not have debt
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What the need is: To help and make people aware of their debt and try to lower it and have no debt
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What the need is not: Make their debt worse and not have the tools that won't help them achieve it
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Why the need exists: Many people have issues with debt
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Alternative explanations: There are other factors that come into play when debt is involved and that is sometimes not the case
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Hey Janan,
ReplyDeleteDebt is a real issue for a lot of people across the country and it is important that people know how to get themselves out of this tough position. Like you said, some people have the choice and some people can't help it, but the people who do experience it need to know how to fix it. A lot of people lack financial skills and need a system/program that helps them overcome it. Great job!
Hey Janan, I think that although, yes, there are many that don't have debt and wouldnt benefit from this service, your market is huge, especially in the US. Of course you cant help everyone but if you were able to create launch and market an innovative solution to the overbearing stress of being in debt, you are potentially fixing the largest issue that most people in this country struggle with. Great Post!
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