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Thursday, October 3, 2013

Dieting and Saving Money

It’s always struck us as interesting that the fundamentals for dieting and saving money are similar.  How do you lose weight?  Spend more calories than you consume.  How do you save money?  Spend less than you make.  It’s simple.  Simple?  We do our best to make it as complicated as possible. 

As a country, as a species even, we spend a lot of money on new diet and workout trends.  The Atkins Diet, The Grapefruit Diet, The Clean Diet, the Paleo Diet, Orange Theory, CrossFit, Kinetics and on and on.  These are all fads and each one attempts to make losing weight or getting into shape complicated in its own, unique way.  Each requires its own investment.  Each has its own rules.  Each has one requirement that will eventually make us quit.  It doesn’t have to be complicated and we don’t have to feel like we’re giving up something.  To lose weight, spend more calories than you consume.  It’s physics.  That’s it.

We do the same thing with saving and investing.  There are hundreds of experts.  Each has their own strategy to save money.  Each has their own gimmick to appeal to you.  To save money, spend less than you make.  It’s just like your parents said, “Live below your means.”

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