It's important to be responsible with your own personal finances.
James has a tight budget because he works part-time while going to school.
James wants to have fun on the weekends.
James goes hiking and fishing and cooks the fish for his dinner.
James goes out to restaurants and bars and orders lots of lavish food and drink.
James saves up enough to have a big party for his birthday without using credit cards.
James runs up enormous credit card debt and ends up dropping out of school to work full time.