Strong Stoicism and better Money Management

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By: MJ Gonzales | Executive Chronicles

Impulsive buying is still one of the culprits in poor money management.  Your urgent desire to buy something is in contrast with your aim to save money. Perhaps it is not only about the aim, but also in the principle that you accepted or embraced like stoicism.

According to philosophybasics.com: “Stoicism is an ancient Greek philosophy (developed by Zeno of Citium around 300 B.C. as a refinement of Cynicism) which teaches the development of self-control and fortitude as a means of overcoming destructive emotions

Besides what mentioned above, stoicism has various interpretations depending on where to use it like in Physics, Ethics, and modern living.  It can be positive or negative too that’s why you have to analyze the good points about this principle. Furthermore, people described as stoic are commonly known as indifferent, patient, resigned, and uncritical.

When it comes to money management, stoicism is helpful because it tells what’s good or bad for you. Before you buy an item, you may evaluate its value and purpose and not how you like it. You can easily distinguish things that make you happy, rather than prestigious and rich.

“The best way into the thicket of Stoic ethics is through the question of what is good, for all parties agree that possession of what is genuinely good secures a person’s happiness. The Stoics claim that whatever is good must benefit its possessor under all circumstances,”  Stanford Encyclopedia of Philosophy’s explanation.solopreneur

Stoicism Today also shared that this principle will let you manage your emotion, especially about judging people.  It’s not that you’re denying the feelings, but instead trying to overpower the negative emotion and make it positive one.  ST also pointed out that stoicism matters in accepting unfavorable circumstances so you can let go and move on with your life.

“While there are many things in the world that we can change, there are many others we cannot and we need to understand this and accept it,” Stoicism Today shared.