Willpower Is Like A Muscle…

Otherwise known as “you can do it!” (or “not do it!” as the case may be.) Some time ago I heard a fascinating interview on NPR (full story here) where authors  Roy F. Baumeister (a psychologist) and John Tierney (a science writer) discussed their new book Willpower and its premise that willpower is “like a muscle.” Just like any traditional muscle in your body use it more and it will grow stronger, overuse it and it will grow fatigued.

In the interview they use the example of food – put junk food out of sight and you won’t have to continually tap into your willpower resources to resist the temptation. But if you regularly practice small acts of self control you’ll strengthen your ability to resist larger forms of temptation when they crop up.

My first thought after hearing this was that it is such great news for people who want to clean up their finances. It takes huge self discipline to cut spending and increase savings, but I find it so powerful to think that just because this might not have been your strength in the past you can improve simply by working on it. Want to be able to do 25 push ups? Start with one. Want to save $5000 this year? Start by saving $1.

Anna’s Budget Tips on Mommy Kat and Kids

I am thrilled to be contributing monthly money saving advice to the readers of a great site, Mommy Kat and Kids, which is filled with tons of helpful info for busy moms (and I’m sure busy dads could learn a thing or two as well) and fun giveaways.

Check out my most recent post on saving money with a weekly meal plan: http://www.mommykatandkids.com/category/features/annas-budget-tips

 

Must Read List – April 2012

As always there is a ton of informative and entertaining stuff out there in the online world of personal finance. Here’s my can’t miss list of articles and posts published in the past couple of weeks:

The Benefits of a Costco Membership
Justin at Money is the Root talks about his new found love for the warehouse club. Having just written about why I like to shop there, but questioned the savings potential I was very curious to read his take on this.

Financial Advice I Will Never Follow
Aloysa of My Broken Coin takes aim at some of the popular money saving advice that just doesn’t do it for her. See where you stand on some of these – good advice, not worth it, or just plain crazy?

How Much Money is Enough?
Erika at Newlyweds On A Budget tries to answer this tough tough question. How do your financial and lifestyle goals compare?

Trying to Eat Healthier (Again)
The Penny Frugalista comes up with a great way to get more veggies in her toddler’s diet – Broccoli Balls. Going to have to try this one!

How to Get Your Spouse More Involved in the Family Finances
Melissa explains on Free from Broke how to  get the “financial geek” and the uninterested spouse on the same page when it comes to finances.

Must Read List – Spring Break Edition

Need a little financial inspiration to keep your Spring spending in check? Dive into these great articles and posts found around the web:

Steve shares an awesome recipe in his Frugal Meals section on Money InfantChicken Rotini. Yummmm.

Derek from Life And My Finances offers some thought provoking insight into wealth, in terms of income and time. Where do you stack up?

Sam wonders whether to sell his house on Financial Samurai. What price would get you packing?

Corey on 20′s Finances explores Extreme Frugality. Could public restrooms be part of your money saving strategy?

J$ wants to know how much your outfit cost on Budgets are Sexy. Strangely fun to think it through and see all the other breakdowns.

Happy reading!

 

Looking for some good reading?

Check out the lineup in the latest Yakezie Carnival – a round up of some stellar personal finance articles and blog posts from around the web.

Yakezie Carnival – The Superbowl Clones Game

Find info on saving money on car insurance, contributing to an IRA, low cost romantic dates (just in time for Valentine’s Day), and much much much more, including a recent Good Cents Savings post on restaurant and dining coupons!

Happy reading!

 

 

Must Read List – January 2012

Here’s my 2nd “Must Read List” collection of great financial posts and articles from around the web. Hope you enjoy these as much as I did -

Mortgage Payoff Update
By Crystal of Budgeting in the Fun Stuff
Looking for some financial inspiration? How about a young couple who is on track to completely pay off their mortgage this year? Yeah – that should do it. Total money saving rock stars if you ask me.

My Plan to Lose 10 Pounds in Three Months
By Erika of Newleyweds on a Budget
A little more inspiration but this time on how to lose weight. She mentions a very cool sounding website that I need to check out – MyFitnessPal.

Challenging the Shopaholic in Me
By Aloysa of My Broken Coin
A very ambitious goal from one of my favorite bloggers – three months of no unnecessary spending. Such a great thing to shoot for – I have tried it for a month or so before and can’t say I was ever 100% successful. Maybe I’ll give this a shot at some point this year.

How to Stop Buying on Impulse
By Andrea of So Over Debt
And finally a post that will probably be helpful if any of the pieces above have inspired you to set a savings goal of your own. I love her visualization “that Suze Orman will be going through my shopping bags when I get home.”

Happy reading! And happy saving!

 

The Must Read List

Man working on laptopOne of the great things about the internet is that it’s filled with tons of helpful, insightful, entertaining, information, published by knowledgeable, creative, and talented people. One of the seriously frustrating things about the internet is that it can be really tough to wade through the junk to find the good stuff! If you enjoy the personal finance posts you read here at GoodCentsSavings you will probably also love the following articles found on other blogs and websites that will also help you live well on less!

How To Raise A Financially Responsible Child
By Miss T of Prairie Eco-Thrifter, published on Yakezie.com
This article had great timing for me as I have been wondering lately when is the right age to start giving an allowance and  how to start teaching my 3 year old about money. There are some great tips in this piece, and some words of wisdom about first leading by example.

The Gift of Want
By Marie on Money Is The Root
Another must read for parents, this post deals with teaching your child not just to want to be given things, but to want to earn them. From budgeting to delayed gratification to the value of hard work to instilling an entrepreneurial spirit “The Gift of Want” deals with so many valuable lessons, each about a gazillion times more valuable than that baby doll or video game a child might receive this holiday season.

Christmas on a Budget
By Erika on Newlyweds on a Budget
Great ideas for keeping costs down and enjoying what really matters during this time of year that can be hectic and very expensive. It inspired me to make drinking hot chocolate and watching a Christmas movie our Friday night plan.

The Dangers of Earning More Money
by Corey on 20′s Finance
Wise warning of how easy it can be to turn earning more into spending more. A must read to help keep focused on your financial goals.

 

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