Financial responsibility refers to being accountable for one's financial decisions and actions, including managing money wisely, paying bills on time, avoiding unnecessary debt, saving for future expenses, and making informed choices about investments. It involves taking proactive steps towards achieving long-term financial goals such as building wealth, maintaining a good credit score, and being prepared for unexpected expenses or emergencies. Financial responsibility is an essential aspect of personal finance management that helps individuals to achieve financial stability and security in the present while preparing for a secure future.