How Spending Plays Into Your Financial Fitness Routine

If there’s one “truth” about a successful physical fitness routine, it’s that you must have a disciplined diet to accompany any exercise or fitness plan. In other words, all the working out in the world will be useless if you continue to eat junk food. When building a Financial Fitness Routine, the same can be said about spending. One of the cornerstones to building a plan toward financial freedom is to understand the kind of spender you are - being very aware of how, where and when you spend your money. It doesn’t matter what plans you make toward a stronger financial future if there is no restraint in your spending habits. We’re all guilty of reckless spending. Whether it’s being the first to get the latest iPhone, gaming platform or those Manolo shoes, we all have our guilty pleasures where self-restraint is thrown out the window. I remember when I was younger, I insisted on rewarding myself with a new Harley-Davidson – beautiful bike, but I would only drive it 2,000 miles in four years! Just like any nutrition program, a small indulgence once in a while is not the end of the world. For example, going out for a nice dinner on a special occasion or splurging for popcorn at the movie on a date night won’t necessarily take you off the tracks of your Financial Fitness Routine. But these must be the exceptions rather than the rule. So, what kind of spender are you? Are you naturally prudent and thrifty? Or are you a YOLO (You Only Live Once) type of spender? Are you the kind that likes to “live large” or “live within your means”? I launched a new website earlier this year with the idea to help people figure this out. GoAskNewton.com is a non-commercial website designed to help everyday people get more comfortable understanding personal finances. Two of the tools on the site are quizzes designed to gauge your personal spending habits. I’d like to invite CAREEREALISM readers to try one or both of these quizzes. The regular Spender quiz is here; but if you’re in your teens or 20s, you might like to try the YOLO quiz here. Either is designed to give you some insights into how you approach money management, with multiple-choice questions like:


  • What at your buying habits when at the grocery store?
  • You’re buying tickets for a concert, what seats do you choose?
  • How do you handle your workday lunches?
These are fun and insightful, and should give you a better idea of the kind of spender you are today. And knowing the kind of spender you are will help put together a Financial Fitness Routine.

Watch This Webinar!

Join us for this special presentation on building a financial fitness routine. Presenter: Patrick Bet-David, author of Doing the Impossible: 25 Laws for Doing the Impossible. Cost: FREE!   WATCH NOW ►  

When most people think of Nike, they think of shoes, retail stores, and, of course, athletes. That's all true, but there's more. Behind Nike's walls, you'll find the doers and thinkers who design, create, and innovate every day. There are also data scientists who discover and leverage athlete insights to create the future of sport.

You might be surprised to learn about the impact you can have in Data & Analytics at Nike versus at a major tech giant. Nike employees get to work on a wide array of challenges, so if you're obsessed with math, science, computers, and/or data, and you love sport, these stories may inspire you to work at Nike.

SHOW MORE Show less

Employee loyalty is something every company longs for. It's estimated employee turnover costs as much as 130-200% of an employee's salary. When a talented, knowledgeable, trained employee leaves, it's bad for business. And, when lots of them leave, it can be the kiss of death.

SHOW MORE Show less

If you saw our first video, you might have heard about the interview situation one of our viewers, Remi submitted. He was in an interview and was asked the question: How many cows are there in Canada right now? - What a weird question but this is a technique that some hiring managers are using these days.

SHOW MORE Show less

If you saw our first video, you might have heard about the awkward situation one of our viewers, Kevin submitted. He is a college student who's working a part time job to make ends meet. The manager/owner of the company has become a micro-manager who watches him work on camera and reads his company emails. A bit over the top wouldn't you say?

SHOW MORE Show less