September 20, 2018

3 Things Budgeting and Dieting have in Common

We go on a diet to lose weight or be healthier. On the other hand, we stick to a budget plan to keep track of our finances and save money. These are two completely different things but are similar in certain factors. Here are three things that budgeting and dieting have in common:

Motivation is Key

As with any other initiative, we all feel excited to start a diet or budget plan and determined to stick to it to achieve the desired results, but more often than not, it doesn’t go as planned. Even the best of us seem to get sidetracked. Eventually, we’ll end up doing our old habits again of impulse buying and munching on too many sweets and junk food.

Both dieting and budgeting are hard to maintain, but these will work only if we put our heart into it. Don’t obsess on the details. Instead, think about why you are doing this. Do you want to go on a holiday? Lose 20 pounds? Keep your eyes on the prize, so the next time you’re about to get your credit card, go back to your purpose and you will not veer away from your plan.

There is No One-Size-Fits-All Solution

Several people swear by the effectiveness of the Mediterranean diet, but this does not necessarily mean that you will get the same result. Each person has different body needs and goals, that is why what works for others may not work for you.

The same goes for budgeting. There are so many ways to do this. Some may monitor their expenses on a daily basis while others may assess their budget per month by looking at bank statements and credit card bills. Choose a budgeting solution you feel comfortable with and make sure to stick with it.

Time is of the Essence

“I’ll start my diet tomorrow.” We’ve heard this too many times. Truth be told, following a diet is difficult. It takes a lot of motivation and effort, but what’s more important is to decide to start today – not tomorrow, not next week. Why wait for Monday when you can begin eating healthier meals and exercising today?

This also holds true when it comes to budgeting. We tend to procrastinate, thinking that we can always make up for lost time. Develop budgeting as a habit. Start as soon as you can, and you will reap the fruits of your labor right when you need it.

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