Financial fitness” is a popular phrase used to emphasize the importance of healthy money habits. But it might just be more telling than you ever imagined. More and more evidence is piling up that there is a link between working out regularly and making the most of your money.
Stress relief First, make a list of the types of purchases you most regret afterward. Next, write down next to each buy the emotional state coinciding with your poor spending choice. Chances are that feelings like anxiety, agitation or worry are closely linked to your problem purchases. As it turns out, these are just the kinds of negative states a vigorous activity can help alleviate. If you feel one these unhappy phases coming on, figure out a quick way to get a sweat going instead of reaching for your credit card.
Clear head Exercise not only invigorates the body, but it can also help the mind function better too. If you’ve got a big financial decision coming up, a brisk workout can help you achieve a focused, meditative state. This in turn can help to make the pros and cons of your alternatives more clear and help you prioritize what really matters.
Better health If you’re paying for your own health insurance, you’re probably pretty motivated to engage in healthy activities. But even if you’re on your employer’s plan, consider the benefits of paying less for prescriptions, sleeping aids, cold medications, pain relievers and other costs associated with health issues.
Increased productivity Striving for that big promotion at work? Wanting to give your own business every last ounce of your energy? No matter if they company is yours or someone else’s, you’re going to be able to give it more effort when you’re operating at your highest level of fitness. Don’t believe it? Compare your output after a day of lethargy to one when you’ve coming off a great workout.
Cheap fun If your usual entertainment options consist of trips to the mall, movie theatre, concert venue or trendy restaurant, the discretionary spending portion of your budget can really tip the scales. Consider instead active endeavors that cost much less, like hiking, swimming or bicycling. Your area likely has clubs dedicated to these activities that can help make staying fit a pleasurable and inexpensive activity.
Emerging research suggests that making positive change to your financial habits can follow directly from beefing up your exercise regiment. Time to put your exercise goals next to your savings chart on the fridge!