Financial responsibility is the process of managing your earnings/income productively. Being financially responsible is in your best interest and the interest of family because it is the key to a healthy financial life.


In money management, it is important to live within your means. If you want to be financially responsible, you must have the ability to spend less than you earn. I usually say; if you cannot afford it comfortably, don’t buy it.

Someone who is financially responsible is able to look beyond the present needs and make provisions for future needs

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