Can You Ever Be Too Rich Or Too Thin?
Posted on October 09, 2011 by Lynn Telford-Sahl, One of Thousands of Money and Finance Coaches on Noomii.
Did you know that wealth and weight are often tangled issues for women? Women will spend thousands of dollars on diet products, but not invest....
“You can never be too rich or too thin.”* Babe Paley, 1950s socialite
Did you know that wealth and weight issues are often tangled together for women?
Women will go to extreme measures to look good and spend thousands of dollars over a lifetime on diet products, clothes and shoes and justify the expense for reasons that vary from: “I have to look good for work,” to “I’m working so hard I deserve this.” By the way, *that same justification works for food as well as shopping. *Some women shop (or eat or restrict eating) to fill time because they’re bored, or for the adrenalin high that comes with shopping anticipation.
These are not bad or wrong behaviors or feelings but they only work temporarily to make you feel better and they can dilute your power and productivity.
Weight and money issues are self-esteem issues. Insecurity and the advertising industry drive the multi billion dollar dieting industry, pressure women to have more clothes than they can wear, purchase designer bags and shoes, and develop wasteful spending habits. I’m not saying it’s not fun to spend money, but to take charge of our money women need to be very MINDFUL of what the energy it takes to earn money and where their money goes.
Here are some questions to think about:
Guesstimate how much you’ve spent in your lifetime on dieting books, videos, products. (Don’t include gym memberships you actually use for health or fitness). What’s your annual budget for clothes? If you don’t have a budget or know how much you spend you need to. Guesstimate how much you really spend each year on clothes, purses, shoes, jewelry. How much of this is is a need or a want? How much of the dieting or spending is to distract yourself from anxiety or emotional upset? Remember what Peggy Gardiner, the Organizer said: A shopping need is to replace something worn out, a want is anything else. (I think that’s a little stringent, but good to think about.) I hope this fuels some thinking & discussion.If you’re in business for yourself how much do you invest each year on education, self-improvement, business or financial education compared to what you spend on dieting or clothing? Be honest and gentle.
