How to be Financially Responsible

A lot of Americans fail to be financially responsible with their income. They buy things they don’t need to impress people that really don’t care. Most of these possessions are things they can’t afford and stem from the American dream. To have a big house, a nice car, and a great career is things that everyone wants. However, that doesn’t mean everyone should get them. In America today, around eighty percent of the population is living paycheck to paycheck and a good majority of them don’t even have $1000 dollars in savings. This is a recipe for disaster. There is no way you can build wealth this way. In this article, I’m going to be breaking down how to become financially responsible with your money and steps you can implement to make it happen.


  1. Set a budget

Let’s face it. Everyone needs a budget. At the beginning of every month, make it a goal to write out a budget specific to that month. Throughout the month, have the discipline to stick to that budget by tracking your accounts and spending daily. One of the apps that I like to use for this is the Intuit Mint app. This app allows you to set up budgets for specific things like auto, food, and entertainment. Whatever way you want to do it, make sure it get’s done. This is by far the most important step when it comes to becoming financially free.


  1. Increase Income

One of the biggest problems in America is that people are only taught to rely on one source of income and that’s the income from their job or career. Guys, this is a huge mistake. Back in 2008, many workers were laid off from their jobs and had no money coming in. To make sure this doesn’t happen to you, increase your flows of income. This income can either be from stocks, a side hustle, your business, or another job. In the end, don’t rely on one source of income.

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