The aim of present investigation was to explore the relationship of psychological hardiness of creative adolescents with home and school environment. Descriptive method of research was used for the conduct of the present study and a random sample of 1011 adolescents was selected form different districts of Punjab. To achieve the objectives of the study, the standardized tools were employed viz. Psychological Hardiness Scale by Nowack, (1990), Test of Creative Thinking by Mehdi (1973), Home Environment Inventory (HEI) by Misra (1989) and School Organizational Climate Description Questionnaire (SOCDQ) by Sharma (1978). The bilingual version of psychological hardiness scale was prepared after getting due permission from the author. The results of the ANOVA revealed that high creative adolescents have significantly higher level of psychological hardiness and its dimensions than their low creative counterparts.Also, Significant effect of School and home environment was found on psychological hardiness among creative adolescents. Implications of the results are discussed.