Many of the self-improvement goals that people have set boil down to one of two things: improving your health or improving your financial situation.
Health improvement and financial improvement have a lot in common: both require you to focus on making changes in your daily life, and both take a while to show any noticeable effects. However, if you stick to the changes, the positive effects can transform your life fundamentally.
Here’s the kicker: When you take steps to improve your health, they often lead to an improvement in your financial life as well. Many of the things that you do to improve your health, if used carefully and carefully, result in great long-term financial benefits, and even some short-term benefits.
How Healthy Living Improves Your Financial Life
Unhealthy vices are expensive
Most consumption-related vices, such as smoking, alcohol use, substance abuse, and soda, are not only harmful to health, but also expensive. All of these things have an out-of-pocket financial cost, then you use them up and you have nothing but an empty pocket.
Healthy living prevents many costly illnesses
Many of the basic steps of a healthy life, like eating better and getting some exercise, reduce your chances of developing conditions like type 2 diabetes, which can lead to a huge increase in your medical expenses out of pocket. Even a 5% reduction in weight can dramatically decrease the likelihood of a number of costly diseases.
Raw healthy foods are actually pretty cheap
The cornerstones of a healthy diet like fresh fruits and vegetables as well as whole grains are actually quite inexpensive. Many fresh fruits and vegetables, such as bananas, carrots, and cauliflower, are always cheap, and fresh fruits and vegetables are often discounted. Frozen vegetables are usually inexpensive too. Items like dry beans, oatmeal, brown rice, cottage cheese, and quinoa are almost always very cheap too. Making these items more central to your diet can save you a ton of money compared to the typical American diet.
Healthy living improves your insurance rates
Life, health, long-term care, and other types of insurance rates will be lower when you are healthy. Some important determinants of the cost of many insurance factors are your weight, blood pressure, and a basic blood test result, all of which can be improved with simple steps to keep your health in a good place.
Simple Inexpensive Practices for Healthier Living
While these benefits sound great, there is a perception that healthier living is more expensive. That’s just not true.
- Cut out tobacco, alcohol, and soda. This is a no-brainer.
- Eat more fruits, vegetables, and grains. We talked about the low cost of many types of fruits, vegetables, and grains.
- Exercise is always good, but you don’t need to get a gym membership. Make a walk a part of your daily routine.
- A full, uninterrupted night’s sleep, where you get up naturally in the morning, has tremendous health benefits beyond just feeling good the next day. Try to fall asleep earlier, ideally early enough so that you get up naturally before the alarm goes off.
We appreciate your feedback on this article. Contact us at Inquiries@thesimpledollar.com with comments or questions.