Earlier this week, I talked about financial willpower and how to improve yours for a more successful 2015.
Some of you may be struggling with willpower in another area: your exercise goals. Studies indicate a relationship between a healthy lifestyle and healthy finances, so don’t give up. Make 2015 the year both physical fitness and financial fitness are the norm for you.
Revisiting the Financial Willpower Muscle
Just like any other muscle, your financial willpower muscle can get stronger. One of the ways you can do this is by improving other areas in your life… and this is where physical fitness comes in.
By exercising and taking better care of yourself, you’ll find it easier to take better care of your finances as well!
How Physical Fitness Translates to Financial Fitness
1. You’ll be more productive
Being physically fit gives you more energy, which can help you at work and at home. You may find you’re producing higher-quality work, getting along with coworkers more easily, and taking fewer sick days. All of these can lead to a better raise or promotion.
At home, you may feel more inclined to cook, clean and de-clutter your household.
2. You’ll have less medical bills
Medical bills can be expensive even if you have insurance. Co-payments, medications and treatments quickly add up. The key to reducing this financial burden is to stay healthy and active.
3. You’ll spend less on bad habits
It’s hard to be physically fit when you over-indulge in anything. Your monthly expenses for fast food, alcohol and tobacco products should significantly decrease if you’re committed to a healthier lifestyle.
Physical & Financial Fitness Ideas
- Pick some goal numbers! Decide on your goal weight and the amount of money you’d like to save each month. Keep a spreadsheet to monitor progress throughout the month.
- Make a routine. Plan it out so you check transactions and savings goals and then complete your workout. Our mobile app makes this easy wherever you are!
- Plan your workout schedule and budget together. Decide your monthly goals for both and map them out.
By doing things a little differently, you’ll remind yourself how important both physical and financial fitness is to your health and how closely they are related.
What Financial Fitness Looks Like
So how do you know if all this effort is working? Being financially fit usually means:
- You’re not living paycheck to paycheck
- You have an emergency fund
- Your credit cards use less than 30% of available funds
- You pay bills on time and have a good credit report
Here’s to a physically and financially fit 2015!