Government budget deficits are to increased debt as a household's overspending is to what?

Government budget deficits occur when a government spends more money than it earns through taxes and other revenues. This situation often leads to increased national debt, as the government borrows money to cover the shortfall. Similarly, when a household spends more than it earns, it can lead to financial trouble, which is often managed by using credit cards or taking out loans. For example, if a family has a monthly income of $3,000 but spends $3,500, they might use their credit card to cover the extra $500, leading to debt. In both cases, whether for a government or a household, overspending results in borrowing money, which can create long-term financial challenges.