 On the other hand, James I was rather extravagant in financial matters, and it is uncertain whether the Contract would have been a permanent solution of his difficulties.It is also important to consider how, at the point of Elizabeth's death, the Crown was £400,000 in debt, considering that Elizabeth ran a rather frugal court and was careful with money, and thus the financial problems of James' reign were not all of his own making.Furthermore, it must also be said that James, who had a wife and, by 1605, four children to support, had many legitimate expenses which the unmarried and childless Elizabeth did not.