Question

In a few sentences, explain what it means to be financially responsible

Answer 1

To be financially responsible means to be able to live within your means. Therefore, someone who is financially responsible can anticipate his expenditures, and ensure he has enough money to meet his needs. A financially responsible person also avoids entering into contracts that will stress his financial situation, such as very large loans. Finally, a financially responsible person is able to save money in order to be prepared for future unfortunate events.

Answer 2

Answer:

Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.