The simple truth is that a financially irresponsible person lives exceeding his means. To change this, you must spend less than you earn!

Also, try to AVOID the following Irresponsible Financial Actions.

Simple math

When you plan to take a loan, make sure you understand the clear difference between essential needs and luxury items. For instance, most of us have a mortgage, but a mortgage isn’t right for everyone. Monthly mortgage payments should be less than a third of your monthly take-home pay and if you are unable to follow this strategy, the best option is to rent.

Become financially responsible

Evaluate your current situation and, if you spend more than you earn, make changes! It’s never too late!

References and Sources

1. The Basics of Financial Responsibility. Retrieved from https://www.investopedia.com/articles/pf/09/financial-responsibility.asp

2. Responsible Financial Behavior. Retrieved from https://economicstexas.org/wp-content/uploads/2016/02/Responsible-Financial-Behavior.pdf

3. 7 Critical Do’s and Dont’s of Managing Your Finances. Retrieved from https://myfabfinance.com/7-critical-dos-and-donts-of-managing-your-finances/