Experts say this is why you should avoid the equivalent of crash dieting when it comes to your finances. - NBCNewsBETTER
As can happen with food dieting, being too restrictive financially can end in binging. Whether it’s money or calories, the goal should be something practical and sustainable.
Definitely tweak your plan as you go along. “Sometimes we like to think we can make it to the gym every morning before work but find that we’re more likely to go to the group exercise classes offered in the evening,” Anastasio said.Courtesy of Pauline YanSpending diets, no-buys and no-spends aren’t on Pauline Yan’s radar. “The brain doesn’t process the negative part that well,” said Yan, 41, a portfolio manager in Toronto.
Purchases often come on the heels of a feeling. “People are not in touch with what they’re feeling,” Yan said. “We don’t want to admit we feel bad."The solution is to get in touch with your feelings. Why do you want to make a certain purchase?
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