So I’m flipping through a diet book review and mid-bite, I realize that some diet philosophies work well in the finance world.
The Dorm Room Diet — written by Daphne Oz and featured in the a recent issue of People magazine — prompted me to create a mental link between diets and money.
Here are my insights based on the magazine review:
The Temptation: Open buffets, grilled cheese sandwiches and other rich, pay-as-you-go foods in the college cafeteria.
The Frugal Fix: Eat-in. Make your own salad dressings. Do-it-yourself meals.
The Temptation: Late-night junk food binges driven by purchases of cookies, chips, candy, pretzels, etc.
The Frugal Fix: Consume fruit and water. Prepare your own bags of low-calorie/low-cost treats.
The Temptation: Control Freak diets that make you crazy. You feel so deprived that you splurge, splurge, splurge.
The Frugal Fix: Occasional treats are good for the soul. (That’s my personal motto.)