Comments on: Saving Money: Why a Financial Crash Diet Could Be Bad for Your Wallet

By: Ellen S.

Ellen S. — Tue, 08 Jun 2010 16:09:37 +0000

I think most people would agree that saving money is something “easier said than done”. Personally, I believe it’s a mind-set that needs to be developed by creating good money-saving habits.

Here are some things I’ve done to help change my spending habits:

– Cook more at home ( Eating out is very expensive especially
if you do it a couple times a week
– Try shopping online ( You can find better deals than in the
store and you save on gas (I recommend HYPERLINK
“http://www.shoptivity.com” http://www.shoptivity.com)
– Pay the full balance on credit cards each month ( Interest
charge is like giving away free money
– Don’t forget to pay yourself ( Set up an online savings
account (they pay higher interest than a normal savings
account)
– Set a budget and goals ( It’s good to have your goals
written down so you see them everyday and don’t lose focus
on your ultimate objectives

Again, saving money requires a lot of patience and hard work. However, you’ll thank yourself later on in life. Good luck everyone!! =)

By: Mike Jobs - Wise Step

Mike Jobs - Wise Step — Mon, 17 May 2010 13:28:54 +0000

Thanks for your financial diet article. would like to take your ideas into implementation process

By: Jarrod@ Optimistic Journey

Jarrod@ Optimistic Journey — Fri, 14 May 2010 16:05:47 +0000

I love the idea here, John. There is importance in saving but it’s all about saving in moderation. There has to be a healthy way about saving. I’m glad I read your post, many people need to see this.

Thanks for sharing!!

By: Roman Soluk

Roman Soluk — Fri, 14 May 2010 08:05:00 +0000

You are very right with this diet comparison. Nice article. Thanks for sharing!

By: Joe

Joe — Fri, 14 May 2010 07:11:10 +0000

I lived this way for a long time until one of my friends pointed out that…

It’s my money i worked for it and should enjoy and have fun with it.

By: Matt Maresca

Matt Maresca — Fri, 14 May 2010 03:30:06 +0000

I was recently forced to go on this type of financial crash-diet. It was no fun, I can assure you. I didn’t do it to save money, I did it to get to my next paycheck without falling into debt. A long term balanced approach is something everybody should create right now if they don’t have one already.