Remember your New Year’s resolution? Yeah, the one you probably gave up on weeks ago…that one. What was it?
If you’re like most people, chances are it was one of two things. You: A) Wanted to save more money. or B) Wanted to lose weight or get healthier.
What most people don’t realize is how the two goals are related. Want to save more money and build wealth? You better start hitting the gym. Here are a few ways living a healthier lifestyle can have a positive effect on your finances.
1. Reduced Medical Bills – Spoiler alert: people who eat better and exercise regularly tend to have fewer medical problems than people who sit around
blogging watching TV while munching on a bag of chips.
High blood pressure, high cholesterol, diabetes and numerous other health issues can be easily prevented/kept in check by staying active and eating right.
By leading a healthier lifestyle you’ll save money on prescriptions, insurance deductibles and possibly even lost wages due to hospitalization for medical issues that could have been prevented.
Obviously our control over some of these health issues is limited. But by being in better shape you can at least delay the onset, or be in a better position to deal with the issues when they do arise. It’s one thing to become a diabetic in your 60’s, it’s a whole other thing to do so in your 30’s.
2. Spend Less On Your Bad Habits – Believe it or not, there are still millions of people who smoke. Here in the great state of New York a pack of cigarettes will run you about $9.
If you’re a smoker, not only will you save a ton of money long-term by quitting and avoiding all the typical smoking related health problems and costs. But you can save a lot of money right now by quitting. A pack-a-day smoker is spending $63 per week just on the habit. That’s over $3200 per year, just on cigarettes. That could be a nice Caribbean vacation!
The same applies to unhealthy eating habits. Bringing healthy lunches from home instead of going out to fast food restaurants every day will not only improve your health, but it will save you a lot of money too. $6-$7 on a value meal each day adds up in your budget just as much as on your waistline!
3. You’ll Make More Money – Not only will living a healthy lifestyle allow you to work later into your life (if you so choose), but studies have shown that people who exercise regularly actually earn more than their more sedentary counterparts.
While working out alone may not lead directly to a bigger paycheck, regular exercise leads to higher energy levels and improved mental function. Both of which will allow you to work more productively and earn your raise the old-fashioned way – by impressing the hell out of your boss.
4. You’ll Be Able To Enjoy Your Money Longer – Most of us will spend 40 or so years working and saving towards our retirement. The last thing you want to do is to not be able to actually enjoy that money once you retire. Just like starting to save at a younger age will pay enormous dividends later in life, staying healthy and fit while you’re young has the same effect. It can be the difference between continuing to play golf and take vacations into your 80’s as my grandparents do, or being wheelchair bound in a nursing home. We all work too hard, and for too long to not be able to enjoy the benefits of all that work.
When it comes to saving money you’ll find hundreds of articles, on this site and others with tips, strategies and advice on how to save and handle your money better. Likewise there are hundreds of health and fitness sites that help you lead healthier lifestyle.
With that said, I’d like to put a personal plug in for my sister’s blog: FITsique. She’s has a Master’s degree in Exercise Science from one of the top programs in the nation. She’s an ACSM Certified Health Fitness Specialist and an all around fitness and nutrition nut. On FITsique she’ll be sharing all of her fitness, training and nutrition knowledge (including some delicious recipes) as well as providing personalized diet and training plans a little on down the road.
She’s developed a diet plan and workout regimen for me in order to get me looking my best for my wedding which is happening in just under 100 days now! I’ll be sharing my progress (and likely complaining about how hard it is) over on her site so go check it out and subscribe to the feed so you can keep up with that and with all the great stuff she’ll be writing about that will help you live a healthier life!