This morning, over at Good Financial Cents, Jeff Rose did a post titled “YOUR attitude IS Everything – Don’t Quit on Yourself.” The idea is once you give up hope on being able to accomplish something, then you are going to fail at doing it. If you have no hope, you won’t try, and if you don’t even try, you won’t succeed.


This idea that “attitude is everything” is very important when dealing with your finances. Unfortunately, many people who are dealing with financial problems have a hard time staying positive. It can be very difficult to stay hopeful when you are dealing with a job loss or seemingly insurmountable debt. Then, as time passes and you see yourself making little or no progress, you start believing that the situation really is hopeless. That you’ll never be able to move past your financial difficulties, so why bother trying at all?


There are so many different aspects to finances that hopelessness can affect. You may think you will never be able to retire comfortably, so why bother saving? Or that you’ll never be able to fix your credit problems, so why does it matter if you stop paying on your debt? Finances are stressful to deal with, and it’s very easy to lose a positive attitude while working through them.


As Rose states:

  • Once you have given up hope, you have failed.
  • Once you truly believe that there is not better outcome for your life, things will never improve.
  • Once you make that mental shift into permanent negativity, all is lost.


So how can you stay positive? Part of the reason we spend so much time talking about goals is that they can go a long way to helping you stay positive. While one big goal, like paying off all your debt, can seem hopeless, turning that goal into smaller steps you can work your way through, like pay $100 extra towards debt this month, can help keep you positive. You’ll have a feeling of accomplishment at completing the small steps while still working toward your big goal. If you try tackling everything at once, it would be very easy to become overwhelmed.


Also, as Rose discusses, even if you think your own situation is hopeless, don’t give up on your kids or grandkids. Do you want them to see you hopeless? Or would you rather use your financial burdens as an example to your family, to help them? Rose states, “What about younger people that you could influence to make sure they aren’t faced with the same dilemma.”


We realize that keeping a positive attitude may be very difficult for some, and that it’s easier said than done. However, it can make a big difference on how you deal with your finances, so try to find ways to push out negativity and keep moving forward.



  • Disclaimer: The information on this blog is not meant for specific financial advice. The ideas/opinions stated are not suited for everyone, and readers should use their own judgment in applying them in their financial lives.