What is the financial diet and how it helps to bring costs under control Bashny.Net

In the book The 21-Day Financial Fast: Your Path to Financial Peace and Freedom financial Advisor and Washington Post columnist Michelle Singletary (Michelle Singletary) offers to try the "quick financial diet" method that will eliminate bad financial habits, free from mortgages and will help to plan the budget.

During the financial fast you can spend money on what you need to live: shelter, food, necessary things. But just for this, otherwise you have to make do with what we have. You sit on a financial diet for a short period. But in the end it helps to get rid of bad habits for a long time or at least some time not to spend money. If you financial diet? A few rulesof Financial starvation — a serious test. And before you begin, understand some important rules.

 

• Fast for 21 days. Three weeks is a reasonable period in which you can focus only on the needs and not to succumb to desires. In less time you will not have time to form habits, and fasting longer put their determination and willpower unreasonable tests.
• Buy only what you need. During the diet do not buy anything that is not required for survival. Eliminate trips to the hairdresser, the movies, sitting in bars and cafes, gifts for birthdays and other holidays, buy clothes. Money you can only spend on food, shelter, medicines, daily necessities.
• Pay cash. You are more clearly aware of the amount of money spent when you pay in cash. It is a visual reminder of your decisions. When, after a trip to the store in your wallet is a few bills, you're glad that you were able to save.
• Keep a log of expenses. During the diet you must carefully write down where you spent money, what to save and what junk you often wanted to spend the money. You will come back to this journal later, to analyze it and understand what often you impulsively spend money.

Does not fit all financial starvation. You must understand the pros and cons of austerity for 21 days to see if this technique.

The financial benefits of the dietYou will become more conscious. Cup of coffee on the way to work, ordering food to the office at lunch, a can of soda on the way home from work — a few hundred rubles, you have spent unwittingly. Financial fasting will teach you to watch what you spend your money.

This is the beginning of a long journey. Restricting your expense within 21 days, you will save a small amount, which will inspire you to save further. You will realize that you can painlessly save a few hundred a day that you can postpone paying current loans or just.

You will learn how to use credit cards. "No money — no problem, shoot it with credit cards." How often do we argue thus. Financial diet will prevent you from spending with credit cards at least three weeks, and after it is completed, you will likely become more restrained spending borrowed money.

The diet will teach you to avoid temptation. When you are struggling with excess weight, there's not supposed to be sweet and fatty food, so they don't tempt you. Same thing with the financial diet: don't test my willpower, don't go to the store or on AliExpress. When the fasting is over, keep, to avoid unnecessary temptation.

The shortcomings of the financial diet, She has unpleasant consequences. As with the fight against obesity, after three weeks of fasting you gain even more weight, that is to run to the shops to spend the money saved. 21 days. During this period and break your bad habits. Or not broken... do Not continue to deprive themselves, but avoid unnecessary spending.

Financial diet will not solve all your problems magically. If you most domes in debt, if you pay for a mortgage or have other serious financial problems, one should not expect the magic to get rid of them. 21-day hunger strike will help you to reframe your attitude to money and spending, panoramirovanie budget new, but you have a long and hard fight for financial freedom.

Financial fasting is a short-term measure. In her book, Singletary is not recommending "fasting" 21 days longer. This is enough to save a little money and to identify those items that you unknowingly descend a lot of money. This is a reboot, time for you to rethink and change their financial habits.

5 secrets of financial success dietDelimit the needs and desires ofMany people, so many options for such separation. While some believe a trip to the salon for a haircut desire, for others it is a necessity to look perfect for a business meeting, for example.

Make a list. Directly on paper to enable you to reread it. Having the list, you will avoid temptation. If you decided that the Lunches in the cafe — it's a wish, not a necessity, it will be easier to reject offers of friends.Tell me about your experiment, Not all people will understand the meaning of your financial starvation. Some friends or family members may laugh or wonder. But you need a support group, one or more people who you will tell about the successes and failures. Perhaps they will even want to take the challenge and also "starve".

If the support group is not found, keep a diary. And honestly all it write, don't be fooled.

Avoid temptationYou're a fan of online shopping? Block the sites of stores where you often buy things. Try not to go to the new one. Less sit at the computer. Not window-shop offline shops or go to large shopping centres. If you ever get sad, remember that this limitation is not for life, but only for 21 days.

Think otherwiseFinancial starvation will make you to disassemble the Cabinet. You will find a lot of things long forgotten, and learn new ways to combine them. You will come up with solutions without cost.

Used to chew anything in the middle of the day in the office? Instead of running to the vending machine and bought at twice the price, bring snacks from home. Sitting in a cafe replace walks or long-forgotten Hobbies. Invent non-standard facilities and the use of familiar things.

Celebrate successMark the end of the challenge. It is not necessary to arrange the feast on the entire savings amount. Make a modest gift, and the rest of the money put in a savings account or give it for debt. A true feast — just use the result of their labors.

Financial diet seems extreme, but stick with it is not so difficult. Armed with our advice and conducting preparatory work, you will be able within three weeks to indulge in shopping and at the end of "starvation" you will see encouraging results. This method is not a miracle cure for uncontrolled habits of spending money, but it is a step towards understanding of fiscal responsibility.

Do you think you need a financial diet? Would you be able to endure it?

 

P. S. And remember, only by changing their consumption — together we change the world! © Join us at Facebook , Vkontakte, Odnoklassniki

Source: lifehacker.ru/2015/11/12/financial-fast/