Fiscally responsible certainly means responsible budgeting and adhering to the basics of personal finance. But it also means much more than that—fiscally responsible means preparing for financial emergencies and your financial future.
Indeed, a good part of protecting your future financial health is all about preparing for emergencies, including an economic downtown such as preparing for an upcoming recession, an unexpected expense, or abrupt job loss.
Fiscal responsibility means making your payments on time. As such, it is incumbent upon you to ensure that you keep an eye on these debts, refinancing for lower interest rates whenever possible, and never miss a payment.