Answer:
Similarity
The steps to solve life's problems and the math problem is similar. You can use the problem-solving process for both of them. To solve any problems requires you to analyze the situation, identify the problem, evaluate your options, and create a solution to achieve your goal.
Differences
Math problems always give you enough information, but real-life problems might need you to seek and identify more information. Collecting the relevant information itself arguably the most important step to solve life's problem.
Life's problem have more complex issues and diverse option, make it hard to say which answer is right or wrong. Math problem has an absolute/specific answer, so it's easy to say which answer right or wrong.