As you recover from the festive season’s indulgences, it’s a good time to reflect on how your financial habits mirror your eating choices. We’ve just come out of that time of year when everyone somehow decides it’s a good time to indulge – in unhealthy food and unhealthy spending. From the creaking Christmas table to the pile of expensive gifts you probably should have spent less on, it was definitely the season of overindulgence.
And just as we all tend to put off retirement savings, there is definitely a sense of “I’ll worry about my waistline (and my wallet) in January”. This is not just my observation – it’s a visible effect in January when everyone is suddenly full of good, healthy intentions and rushes to the gym. Regular gym-goers are used to the January rush, when you suddenly have to wait for the treadmill or your favourite weights machine because of long queues.
It usually dies down by February as gym attendance inevitably starts to dwindle. The trick to managing your finances is not that much different from managing your eating habits. Just as you need to implement a balanced diet (remember those plates from the 1980s that had segments for balanced meals?), you can also have a balanced approach to your finances.
Read Full Article on Daily Maverick
[paywall]
💪Protein:builds and repairs tissue (muscle, skin, organs), supports immunity, makes hormones/enzymes and keeps you fuller for longer. The financial equivalent:Your income. It keeps you financially solvent, and as you earn income, it goes towards building up your savings and investments and your financial profile.
🍞Carbohydrates:Your body’s quickest, preferred fuel (especially for exercise). The financial equivalent:This is the money that goes towards your regular expenses – the needs rather than the wants. Think expenses such as your rent or home loan, car finance and other regular debit orders. 🥑Fats:are needed for hormone production, brain health, absorbing vitamins and long-lasting satiety.
[/paywall]
