Definition, Meaning & Synonyms

financially-responsible

Adjective

/faɪˈnæn.ʃə.li rɪˈspɒn.sə.bəl/

Definition

Being accountable for managing one’s money wisely and making sound financial decisions.

Examples

It’s important to be financially responsible when preparing for retirement.
She is financially responsible and always keeps track of her expenses.
Being financially responsible helps to avoid unnecessary debt.

Meaning

The term ‘financially responsible’ refers to the practice of managing personal finances in a way that ensures stability and reduces the risk of debt. It involves budgeting, saving, and investing wisely to meet both current and future financial needs.