What is Financial Dignity?

Stacey Flowers defined Financial Dignity during the RISE Podcast #134 with Rachel Hollis as:

"Knowing what your money is doing, where it's going and why you're spending on what you’re spending...."

Stacey Flowers had a Masters Degree, earned great money but was in the bathroom wondering how she was going to buy sanitary products for ‘that time of the month’....

When you are a teenager, this may seem like an understandable situation to find oneself in, but a fully grown adult woman, (with a job), was wondering how she would find money for such a basic essential felt embarrassed and ashamed.

It is regularly assumed that it’s only people earning a low income or without a formal education that suffer from stress and anxiety around money, however, given the above real life example you can see that this isn’t always the case.

You are lacking financial dignity if you have money coming in but don’t know where your money is going, or what it’s doing….

If you don’t want to see that you have made $1,000 because then you would need to see where that money has gone, then you are lacking financial dignity… .

You don’t have to be ‘rich’ or on a high income to have financial dignity.

Having financial dignity is knowing that you can look after yourself and understand where you money is coming from, where it is going and why you are spending it….

You can ‘choose’ to spend your money on ‘non-essentials’ because you know you can pay for essentials, like food, transport, housing, and your children’s education.

What is your definition of financial dignity?

Have you ever been in a position where you have felt embarrassed or ashamed about your financial position?

If you have, and would like to change that, book in for a free Q&A call today!!

- Coach Rach