This video debunks a common misconception about controlling spending. There are other ways to balance your finances that are not all focused on denying yourself.
- If you've ever tried to change your eating habits,…you know how after a few days,…your body will desperately crave french fries…or a brownie, or a piece of lasagna…with gooey melted cheese.…Sorry, I got a little lost there for a second.…My point is, that denying ourselves something…has the perverse effect of making us want it even more.…Some of that is physical.…Like with food where changes in blood sugar…cause our brains to literally obsess…over the thought of sweet gratification.…We can also crave the dopamine release…that comes with consumer gratification.…
Here are three ways to protect yourself…from the dangers of depravation mode.…One, focus on what you are saying yes to, not just no.…When we're in locked down with our finances,…we spend a lot of time telling ourselves no.…No extravagances, necessities only.…Well, I think it's important to find some resources…for fun, joy and recreation,…however modest those resources may be.…I understand that here are times…when that's just not possible.…In those periods, focus on what you're saying yes to.…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Appropriate for all
Personal Finance Tips and Trickswith Jane Barratt2h 58m Appropriate for all
New This Week
Your Money Management
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