Debt Management is a strategic financial field that focuses on the efficient handling and repayment of personal debts. It often incorporates aspects of personal finance, including budgeting, expense tracking, and financial planning. In the context of lifestyle and fashion, it pertains to the balance between spending on lifestyle choices, such as clothing and accessories, and the need to manage and reduce debt. It emphasizes the importance of financial discipline in maintaining a desired lifestyle while ensuring financial stability and freedom from debt.