The food and money connection

Food and FinancesAs a money coach, I ask new clients about their relationship to food.

What?! Why am I asking that? Because food and money issues are often related. For starters, they are the two most common things we turn to, to make ourselves feel better.

Think of it this way– when we are depressed, sad or angry, many of us will eat to make ourselves feel better or we’ll spend money to feel better. They are also how we sooth ourselves when we feel anxious.

How about you? Have you ever had a bad fight with a friend or a boss and then found yourself out shopping? Or perhaps indulging in some yummy ice-cream?

We also turn to spending or eating when faced with fear of lack or not having enough. When people start a weight loss program, for example, it is common for their spending to spiral out of control. They are afraid of being deprived in one area of their life (food) so they turn to another area (money) to indulge and prove to themselves that they are okay.

I’ve had many clients sheepishly confess that before coming to their first appointment with me they did some major shopping. Why? They were afraid that when they really looked at their money, they’d see they wouldn’t have enough and they would be forced to spend less. They were worried. So they wanted to spend before they saw they “shouldn’t” spend. Now the truth is that when you truly learn how to take control of your finances, you learn how to truly take care of yourself. There IS enough. But the initial fear is that of not-enough.

Yes, food and money swing in the same orbit. We use food and money to reward ourselves. Sometimes we use food and money to punish ourselves. (It’s true- sometimes we don’t spend enough money on ourselves and we don’t eat enough. We may also deprive ourselves by underearning.)

I find that yet another reason food and money are so related is that there is no hard core “bottom line” for either. You can’t say to yourself, “I just won’t eat.” or “I just won’t spend money.” You have to eat and you have to spend. So what is the right amount? This is where it gets very personal. You need to discover, for you, what your ‘bottom line behaviors” are around money. What are your personal guidelines? They may be different than someone else’s. Money is very personal. And all of this goes for food as well.

The good news is that when we become aware that eating and spending have an emotional component, change becomes easier. It’s not all about “just do it”. When you take the time to see what is underneath the behavior, true change becomes possible.

For starters, I have clients think on these three simple but deep questions when they feel drawn to spend in an emotional way:

1. How am I feeling right now?

2. Am I trying to change how I feel or am I trying to numb out?

3. How else might I go about taking care of my feelings?

And as you can guess, these questions can work for emotional eating as well.

Money and food are deeply related. So here is to thinking about your own relationship to them. What do you notice?


Mikelann is a money coach with over 20 years’ experience, helping women escape the money fog, feel more in control of their finances and love their financial life. If you are ready to leave money stress behind and design a life you love, please see www.seattlemoneycoach.com and read about this life changing work.  Once there, grab her free eBook on how to stop worrying about money.