Tuesday, July 6, 2010

Tip Tuesday! Diet Tips That Can Also Trim Spending

I found this neat little article in the July 2009 issue of Parents magazine:

Diet Tips That Can Also Trim Spending

1. Write it down. Keeping track of where your money goes has the same effect as counting calories: it raises your awareness and helps you make more-informed decisions.

2. Set modest goals. Trying to shed 25 pounds seems daunting, but aiming to drop two or three? Much easier! A recent study found that Americans are better savers when they set short-term goals-"I'll stash away $50 this month"-rather than more ambitious ones, like attempting to save $500 for the year.

3. Get your partner on board. Just as it's tough to lose weight if your husband stocks the freezer with ice cream, it can be hard to save when he's still spending frivolously. If you both vow to take control of your finances, the task will seem easier.

4. Avoid gimmicks. Plans that promise instant weight loss-or immediate riches-never work. "An investment opportunity that sounds too good to be true probably is".

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