In life, you have to make many decisions that will affect your future. An important decision is whether or not you will take your money seriously and be financially responsible. Everyone should want to be financially responsible for many reasons. First, financial issues can affect many aspects of your everyday life such as your house or belongings. Also, there are many ways that you get rewarded for being financially responsible. These are all examples why being financially responsible is important, as well as helpful.
There are many ways that financial issues can affect your personal life. If you go around spending all of your money, then you would have no more money to use on clothes, food, utilities, and your house. Also, if you were planning on getting a gift for a family member, then you would have no money left because it was irresponsibly spent. In addition, knowing how to budget your money can help you not spend too much of your money on things that you want and more money on things that you need. Lastly, being personal life because you must spend money on things that will help take care of your self. If you are sick, then you must buy some medicine or you endanger yourself and others around you. Your presentation is also affected by whether or not you are financially responsible because you need to buy deodorant, soap, shampoo, mouthwash, etc. But if you don’t have the money to buy these things, then people assume that you are not well kept.
Another reason that it is important to be financially responsible is that you can be rewarded just for being responsible with your money. For example, if you keep your money saved in the bank without spending it, then you can gain interest over time and have your bank make money for you just for letting them use it. This is safe because the FDIC protects your money in the bank up to $250,000. Another way that you can be rewarded for being responsible with your money is that you can reward yourself (in moderation) by buying things that will contribute to your entertainment and are not necessary to continue to be successful. One last way that you can be rewarded by being financially responsible is that you have money to put aside for safety. This includes an emergency fund that you can save or buying yourself insurance against injuries, car accidents, flooding or fires.
Being financially responsible is one of the keys to being successful in life. It is not easy, but with time, effort and willpower, you can enjoy all of the benefits and rewards of being wise with your money. Financial issues are one of the biggest issues that our nation faces today, but if we know our facts and use money wisely, then Americans can find a way to help others while still enjoying their own financial success.