What does it mean for someone to be financially responsible?

[Kross]

I have heard so many people talk about a person being financially responsible. What does financial responsibility entail? At which point in real life is financial responsibility applicable? Who is financially responsible?

 

[Springtime]

I think financially responsible means that when you owe someone money, you repay on time. Also, if you have a family, you have the responsibility to take care of them financially.

 

[Augusta]

It involves making conscious spending decisions, prioritizing needs over wants, and building a strong financial foundation.
Here's a more

 

[Fidelia]

I think financially responsible means that when you owe someone money, you repay on time. Also, if you have a family, you have the responsibility to take care of them financially.

Financial responsibility just means that you pay your bills and take care of the financial expenses that are meant for you to take care of without leaving them for someone else.

 

[eLdavis]

A person who is financially responsible is one who does not spend recklessly, always ensure they manage and uses the money perfectly well.

 

[Nomad]

Financial responsibility is mainly associated with your spending habit.If you spend wisely, you are financially responsible.

 

[King Belieal]

When you understand your financial liabilities and take them fully, you are certainly financially responsible.

 

[kerryjoy]

Being financially responsible means budgeting, saving, avoiding debt, and making smart money choices daily.

 

[aninditasen]

I have heard so many people talk about a person being financially responsible. What does financial responsibility entail? At which point in real life is financial responsibility applicable? Who is financially responsible?

We are financially responsible when we can take our own financial burden and don't depend on anyone in the family and also provide for the family financially without any restraint.

 

[Augusta]

To be financially responsible, you need to live within your means. And to live within your means, you must spend less than you make.