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Your Tax Refund, Frugality Fatigue, and the 10% Rule: Jessica Moorhouse
Tax refund season has a predictable problem: the money gets spent mentally before it ever arrives. Jessica Moorhouse says writing it down before it lands changes the outcome.
Her ratio is 80 to 90 percent toward something responsible and 10 to 20 percent toward something just for you. Jessica Moorhouse calls the alternative frugality fatigue: budget too strictly for too long and you will eventually blow it on something you will regret, the same way an overly strict diet ends in a binge. Fun money is not optional. It belongs in the budget because without it, people eventually rebel.
On the…
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