Written by the Fiveable Content Team • Last updated September 2025
Verified for the 2026 exam
Verified for the 2026 exam•Written by the Fiveable Content Team • Last updated September 2025
Definition
Financially irresponsible refers to the act of making poor financial decisions or failing to manage money effectively, often resulting in negative consequences such as debt or financial instability.
Related terms
Impulse Buying: Making unplanned purchases without considering the long-term impact on finances.
Overspending: Spending more money than one can afford or budget for.
Credit Card Debt: Accumulating debt by using credit cards and not paying off the balance in full each month.