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Financial Responsibility – Is It Genetic?

You’ve met people who really had a handle on their money.

Girl adding Money to Piggybank

Is it something you are born with or is Financial Responsibility learned?

You can look for every genetic study performed and you probably won’t find a connection. Sorry, it’s learned. On a positive note, any bad habit learned can be unlearned and replaced with a different more positive behavior.

I was sitting with a gentleman a while back and he shared a story with me that actually impacted the way I feel about my financial choices. He said:

My father was a brilliant business man.
He taught me three things about business:
1) Keep your shoes shined
2) Keep your car clean and
3) Keep your finances straight

Do these and everything else will fall in line.

You probably think this advice is shallow for business advice. I did, too; but what this advice comes down to is putting effort into caring for the immediate details.

Shine your shoes, or take a shower everyday, shave, get ready for your day like you mean it. Like today you are going to make a difference in the world. Care for your person!

Keep your car clean, or your house, your bike, your office, your work station. Take care of items that may be seen by others. Take pride to care for your surroundings and your possessions. Care for your things!

Keep your finances straight. Your money represents your safety, security and future. Being mindful of your money allows you to pay your bills, support yourself and your family and plan for the future. If your money is straight but you can’t catch up to your bills you will know that you need to make some financial adjustments. Care for your future!

Thankfully, Financial Responsibility is learned, so it can be taught!

Mary Hunt, founder of tells the Seven Habit of Financially Responsible People:

Habit 1. Financially responsible people regularly balance their checkbook.

Habit 2. Financially responsible people think first and spend later.

Habit 3. Financially responsible people save money consistently.

Habit 4. Financially responsible people don’t see the monthly payment, but focus instead on the total price tag.

Habit 5. Financially responsible people know precisely their financial condition.

Habit 6. Financially responsible people refuse to live under the fantasy of entitlement.

Habit 7. Financially responsible people’s actions are based upon principles, not feelings.

If you are unsure whether you can recover from your financial hardship read about Bankruptcy and contact a Bankruptcy Attorney for a consultation. It is not to late for you to learn Financial Responsibility!

We are a debt relief agency and have practiced bankruptcy law for a combined 50 years. Our services include helping individuals and couples file for bankruptcy relief under the Bankruptcy Code. 

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