Financial Responsbility - Mohammed Tamzid Khan

Mohammed Tamzid Khan
Web Client Programming
Ms. Ramirez
3/28/14


                                                       Financial Responsibility


                  Financial Responsibility is the responsibility of your bill you have to pay.   It is the process of managing money and other assets in a manner that is considered productive. Managing money involves cultivating a mindset that makes it possible to look beyond of the wants of today. My responsibility financially is attempting to keep my money balanced in terms of where it is going. My responsibility is not wasting my money on things that are unnecessary and having a manageable budget that I can deal with. If you commit some type of fraud against the bank or against the IRS, then you can face up to 3 to 15 years in prison for what you have commited. If you have no previous crime records, then you may be put on probation, but it still is very risky. The way you get out of a huge amount of debt is to commit yourself to having a manageable budget. If you are already in debt with your college tuitons, then you must incorporate your installment payments into your budget so everything can be somewhat stable in your life. Budgeting requires patience, durability, flexibility, and self control. To keep your budget stable, you must be prepared to let go of all the external things you might not need.