When financial planners are asked about how to save more money, one suggestion that is often repeated is to declare a moratorium on spending. Think of it like fasting. When we fast, we reset our internal food sensor. After a fast, we are more aware of the food we choose, and we tend not to automatically reach for junk food or to overeat. Similarly, when we cut ourselves off from spending, we reset our internal money sensor. It’s simple...but probably not easy. Here’s how to... [read more]