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

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.

Beinf financially responsuble means to pays your bills on time and use your money for needs more than wants. It's also responsible to budget and watch what you're using your money on. Set rules and terms for yourself and keep up with what your paying with what things you're buying.

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sohail09753 sohail09753 · Answer 2 · 2022-01-12T08:27:29+01:00

Financially responsibility means managing income received to an extent where there are no outstanding bills remaining by the end of the financial cycle.

Characteristics of being financially responsible:

Following are some characteristics of a financially responsible individual:-

• Settling all bills on time.

• Saving ample amount of funds for an emergency.

• Saving funds for speculative purposes.

• Investing funds with a view to receiving returns in the future.

• Keeping a record of income and expenditure.

• Payment of tax on time.

Thus, being financially responsible is good for smooth survival in an economy.

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

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Characteristics of being financially responsible:

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

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.