High prices and the fact that most of them won’t go down, no matter how much inflation falls, remain the main causes of concern for Romanians.

The percentage of those who worry about how they manage their money is more than double the next concern of Romanians – health. Given this humble societal pessimism, economist Corneliu Ionescu, a lecturer in Banometru’s financial education program, offers a different perspective: What if we treated the cost-of-living crisis as a weight-loss cure? Diet for personal finances, but also for the business environment, writes Panorama

Essentially, Ionescu suggests breaking out of the spiral of emotional consumption, senseless spending that not only leaves us penniless at the end of the month, but also contributes to environmental pollution and perpetuates unsustainable values ​​in a world where there are more and more of us and the same resources. For companies, this means being honest and having the courage to take on those costs that can be cut because they have no real economic benefit.

This is a recipe à la Marie Kondo (the famous guru of a minimalist life without objects that no longer bring us joy), only in economic terms.

As with any weight loss treatment, the idea is good, the result is desirable, and we know we’d be healthier if we were slimmer. Including from a financial point of view. But the economic diet explained by a financial education coach is not for everyone. To generalize, not even for the world we live in, where consumption is one of the pillars on which the entire global economic logic stands.

However, Cornel Ionescu suggests that skeptics apply some of the lessons of Lent to their personal finances, since we are still in the Easter season. It means being more aware of the excesses we do and how much they cost us: that they are money, that they are extra hours of work (that is, all the money, respectively the time of our lives).

Read the full article on Panorama.ro