Being financially responsible means:

Being financially responsible encompasses managing personal finances wisely and meeting obligations, which is why this choice is correct. Financial responsibility involves making informed decisions about spending, saving, and investing, and ensuring that you can meet your financial commitments, such as paying bills, loans, and other obligations on time. This approach includes creating and maintaining a budget, being mindful of long-term financial goals, and being prepared for unexpected expenses. By fulfilling obligations, individuals enhance their creditworthiness and overall financial health.

The other options suggest different approaches that may not necessarily lead to sound financial management. For instance, spending money freely as income allows can lead to overspending and financial instability. Minimizing investments to reduce risk may prevent individuals from building wealth, as a certain level of risk is often necessary for growth. Lastly, prioritizing debt repayment over all other expenses could overlook essential living costs and result in further financial strain if necessary expenses are neglected. Thus, financial responsibility is best encapsulated by the wise management of finances while meeting obligations.