You Can Only Fix a Financial Problem by Fixing Yourself

When I first read this quote by Nancy Levin, I found myself nodding in agreement. I mean, how true is this?

Looking back, I spent a lot of years blaming our financial situation on the economy and other outside circumstances besides myself. Not that I thought our finances were in “bad shape” at the time. No, we were perfectly “normal” and were living life just like everyone else we knew.

For a long time, I didn’t realize there was anything inside of myself to fix. But oh, there was. I was comparing myself to others and I wanted to make sure my children had the same experiences as their friends. Nevermind the fact that we were in our twenties and had to use a credit card to fund all of these extras. Our net worth was non-existent. Our finances were a mess, and I didn’t even know it.

I needed to fix myself in a big way. I don’t want to give all of the credit to myself, though. I know God was behind the scenes leading me along.

I would like to share a few mindsets that needed to be “fixed” before our finances started looking up. If you are facing the same issues, a big hug to you!

  • The “I Deserve It” Mentality. Oh, boy. There have been so many times I purchased things I haven’t needed because I thought I deserved them. Ladies, I was robbing my future when I did this! That excess food and clothing was not worth the hit our bank account took.
  • The Victim Mentality. This mentality kind of goes hand in hand with the “I Deserve It” mentality. Life hasn’t always been kind to me. When it wasn’t kind, what did I feel like I needed to do? Shop. I thought shopping lessened the hard knocks in life. But all I was doing was avoiding the real problem and prolonging my pain.
  • The “I Can’t Do Anything Differently” Mentality. Oh my, I held on to this mentality for way too long. For years, I really didn’t think I could do anything differently. I looked around me, and we appeared to be in the norm. What could we do differently? The thought of changing my lifestyle was so unthinkable I told myself there was absolutely nothing I could do to change our financial trajectory.

How to Let Go of These Limiting Mindsets

I think the first thing that must be done to let go of these mindsets is to recognize them for what they are. Limiting. They limit our true potential and hold us back from living a life of financial freedom.

I personally had to stop worrying about what others thought of me. And the funny thing is, I highly doubt others thought about me nearly as much as I thought they did, ha!

I had to really think through the goals I had for my family. I had to think about the legacy I wanted to leave. Were my old financial habits going to leave a good legacy to my family? Absolutely not! I had to make a plan to change, and follow though even when it was hard.

I had to learn how to budget. I had to learn how to prioritize spending. I had to learn so much, y’all. I’m still definitely a work in progress but I’m so grateful for the progress I’ve made.

This Savvy Cents Wallet is a great budgeting tool!

Have you had to change your mindset while pursuing financial freedom? If so, please share. I’d love to hear from you!

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