I don’t believe in diets. I know people who are chronic dieters that never lose weight. There’s something about depriving yourself that makes you splurge later on. I advocate changes in eating habits.

I have the same view about budgets. Budgeting doesn’t mean you can’t spend any money leisurely. If you try to budget that way, you’ll end up feeling deprived and splurging on impulse. Then, you’ll think budgets don’t work and you’ll give up trying all together.

When you make your budget, allocate some money, even if it’s just $5-$10 to spend recreationally. Don’t go overboard though. Make sure all your obligations are met, then budget your “fun” money.