The spending diet resolution: How to control your money habit

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What are your spending habits and resolutions for 2022? Photo: Gallo Images/Getty Images
What are your spending habits and resolutions for 2022? Photo: Gallo Images/Getty Images

BUSINESS

A good financial habit puts you in control of your money, writes Maya Fisher-French.

For many of us, our financial resolutions are based on the fact that we may feel like we lack control over our money. One way to get a sense of power is to go on a “spending diet”. This is my New Year’s resolution, and the trick is to keep it simple and achievable. I am only setting myself the goal of not spending for two months. This means for the months of January and February, I will not be spending money on anything that is not essential. No clothes, gadgets, household items or impulsive purchases.

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