Prudence means using caution, restraint, and good judgment. When you search for prudence quotes you will see that this can be a good trait to have, and those who exercise prudence always seem to have their affairs in order. When you are being financially prudent you follow a strict budget, pay your bills when they become due, and make an effort to reserve financial resources in case they are needed in the future. Using prudence when signing a lease, loan agreement, or other legal contract means reading the entire thing carefully and ensuring that it outlines the exact agreement between parties. You should always use prudence when making important decisions so that you do not make mistakes and you make these decisions after getting all of the information that you need to make an informed decision.