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As children, people rarely think about money and how much of it they do or do not have. This is because children depend on their parent and guardians to provide the food, shelter and clothing that they need to survive. However, as we get older, we begin to take on more and more of those responsibilities for ourselves, until eventually we are the only ones responsible for our own welfare. In order to take care of ourselves, we usually have to get an education and a job that will allow us to cover our expenses. Finance can be complicated, but it is not impossible to manage your money in such a way that you will always have resources for what you need.

One of the first principles of responsible finance is learning how to prepare and implement a budget for all of your personal and professional expenditures. The best budgets are the ones that help you track and record all of the money that you make and all of the money that you spend. If you find yourself coming up short for bills month after month, you can turn to your budget to find out where the extra money is going, and what you might have to give up to return balance in your finances.

Another important thing to remember about responsible finance is that you should only get involved with credit cards and loans if you are sure that you will be able to pay them off completely in a timely manner. If you can't afford a purchase, it is never a good idea to put it on a credit card and simply hope that you find the money to pay it off eventually. Make sure that you have a plan for paying your entire balance off every month.

One of the most important principles of responsible finance is that you have a plan for savings. No matter whether you put your lump sum of cash savings in a high yield savings account, or invest it in the stock market, you need to have a plan for the money that you've already set aside. If you don't have any savings, you must take a look at your budget and find out how you can start putting money away on a regular basis. Even if it is only twenty or thirty dollars at a time, it's important to provide for unseen expenses.

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