Financial Discipline as a tool for Financial freedom PART 1.

Many times we have wondered why our financial situation is not improving in spite of all our efforts to make at better.

The issue will be addressed in this article. Ensure you follow up in part 2 of this article.

In this article, we’ll be looking at Discipline. What is discipline?

Discipline is the practice of training people to obey rules or a code of behaviour. It is also an act of correcting disobedience. So what is Financial discipline?

Financial discipline is the practice of developing a set of rules to achieve one’s financial goal. It involves making informed decisions for spending and saving. It is a skill of you having control over money rather than money, having control over you.

Take a look at the illustrative image above and study it. It defines financial Discipline. It shows an informed method or a way of dealing with your finances in order to have a Financial independence.

If there is an individual who has achieved financial freedom, there is a level of Financial discipline put in place. I have read books of great Billionaires and I discovered that having financial freedom requires Financial discipline.


I don’t have financial Discipline if I love spending more than saving money. When money enters my hand, the first thing that comes to my mind is enjoyment. Or when I take my salary to go shopping before thinking of saving anything that remains.

When I don’t have record of income and expenses, when I don’t have budget for expenditures, they are signs that I don’t have Financial Discipline.

If I receive ₦20,000 as Salary, before spending, I should save at least 30% of it which is ₦6,000. But if you have the grace to save more, you’re good to go.

Practice the act of savings and see how your financial situation will be in a short time.

Part 2 of this article is going to be mind blowing.