Financial Fortitude is a term that both satisfies and endlessly frustrates me.
When I have financial fortitude, I feel great about myself. I know I am strong and that I am securing a great future for my family.
When I don’t have financial fortitude, I am frustrated with myself.
What is Financial Fortitude?
Financial fortitude is sticking to your financial plan or budget when you are tempted to overspend.
I know that I personally have 2 big triggers when it comes to financial fortitude.
First is on bad days, when I am tired and hungry, and just want to get my kids in bed with the least amount of resistance.
I almost always get dinner out on those nights.
Second is when something exciting has happened, I am feeling elated and want to celebrate.
I almost get some kind of fun toy for my kids on those days.
Don’t misunderstand me. I am not trying to say either action is wrong.
How to have Financial Fortitude
Eating out can be a part of your budget, and so can fun surprises.
It is when those actions, and any other actions, are not PLANNED FOR and stress your budget that the problem arises.
And you may have different triggers and reactions to them.
The key to developing financial fortitude is to figure out what your triggers are, to avoid them, and when you can’t avoid them, do your best to resist them.
When you recognize that you feel a strong pull to spend money because of an outside factor that’s out of your control, you can more easily resist it.
Last, financial fortitude is a muscle. You must flex it and work it out. It will not be easy or overnight. Just start working it out!
In my earlier post about budgets, I told you to think about budgets as a fence that keeps you safe and protected while you can still have the freedom to explore.
Financial fortitude is what keeps you inside the fence when the grass looks greener on the other side.
Hi! I am Ali, a homeschool mom who is passionate about science, managing my money and time well. Unfortunately, with an army of tiny faces, I am always still kind of a mess.
I was tired of not having a judgement free place to talk about money troubles with other moms. So I created one!
Click on the picture above to join my Facebook Group, Money Savvy Mommas.