MooneyOnMoney.com

Lifestyle Read Time: 3 min

Money Draining Food Myths

The road to better health may sometimes involve an extra expense here and there, but you should be careful about wasting money on diet ideas with promises that are more based on myth than fact.

Identified below are four diet strategies that may be ineffective and financially expensive.

Vitamins and Supplements

Americans spend $53 billion a year on vitamins, minerals, and other similar products every year. But is that money well spent? There is no scientific consensus about the efficacy of many supplements, including multivitamins. In fact, supplements often promise more than they can deliver and may even be harmful to your health.1,2

Some supplements may be of some use to some people, but determining the right supplement for your age, gender, and personal health status is best left to you and your medical professional.

Gluten-Free

The growth of gluten-free products has been explosive. And, in many cases, consumers are paying a higher premium for them. Gluten is a protein found in wheat, rye, and barley, and is more beneficial than detrimental. Gluten is harmful to individuals with celiac disease and can cause gastrointestinal discomfort in individuals with a gluten sensitivity.

However, there is no evidence to suggest that a gluten-free diet helps with other health issues or losing weight. Unless you are one of the minority of Americans who truly need to avoid gluten, you may be wasting money on gluten-free products.3

Detoxing

Body detoxification using special juices has been touted as a way to lose weight, rid the body of "poisons," and treat or prevent any number of diseases. These expensive juices, however, don't live up to their billing. Indeed, detoxing may be dangerously unhealthy for some people.4

Your body already does a wonderful job of detoxing, thanks to your liver, kidneys, and intestines. Save the money and let your body do what it's ideally designed to do.

Superfoods

There is no generally accepted definition of a superfood, and it certainly has no meaning among nutrition scientists. Superfood is more marketing than it is science. Before you spend good money on the latest superfood, find out if the claims are backed by any independent qualified research. If there is none, you may want to help your pocketbook and stick with a balanced diet.

If you're considering a diet, you should consult your physician to determine the best approach for you.

1. Statista.com, 2023
2. NCCIH.gov, 2023
3. Harvard T.H. Chan School of Public Health, 2023
4. WebMD.com, 2023

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.

 

Related Content

Prevent a Rift: Money Tips for Newlyweds

Prevent a Rift: Money Tips for Newlyweds

Couples may be able to head off many of the problems in a marriage that money can cause.

Capital Gains Tax When Selling Your Home

Capital Gains Tax When Selling Your Home

If your clients are buying or selling a home, use this to help them determine if they qualify for capital gains taxes.

Should You Borrow from Your 401(k)?

Should You Borrow from Your 401(k)?

Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase?

 

Have A Question About This Topic?







Thank you! Oops!

Retiring Wild: National Parks and You

Get ready to enjoy America’s national park system with this helpful article.

Why Medicare Should Be Part of Your Retirement Strategy

How Medicare can address health care needs in your retirement strategy.

Is a Variable Annuity Right for Me?

Pundits go on and on about how “terrible” or “wonderful” annuities are, but they never talk about whether annuities are right.

View all articles

Can I Refinance My Mortgage?

This calculator can help determine whether it makes sense to refinance your mortgage.

How Compound Interest Works

Use this calculator to better see the potential impact of compound interest on an asset.

Long-Term-Care Needs

Determine your potential long-term care needs and how long your current assets might last.

View all calculators

Encore Careers: Push Your Boundaries

Ready for retirement? Find out why many are considering encore careers and push your boundaries into something more, here.

Retirement Accounts When You Change Your Job

This video discusses issues related to your retirement accounts when you move on from your job.

The Fed and How It Got That Way

Here is a quick history of the Federal Reserve and an overview of what it does.

View all videos