What are two things that people want and strive for? Better health and more money. If it were easy to have both, then everyone would have it. Truth is, we can have a little of each, but we have to put the effort in to forming new habits and making it happen.
There have been several studies done to show a correlation between health and wealth. A Florida State University psychology professor found that exhibiting self-control in one area of a person’s life affects others, so when you form a discipline like regularly working out or meditating for example, you already have that ability to practice willpower in other aspects of your life—like managing your finances.
Don’t be discouraged if you aren’t disciplined in finances or health. We are here to offer you some tips to help you gain the skills that can help you make a positive impact on your health and your wallet. It’s all about starting small and gradually introducing new habits into your lifestyle.
» Learn more: How to Save Money on Life Insurance
How de-stressing can help your financial well-being
Dealing with a bit of stress is normal and sometimes is what we need to motivate us to get something done. For example, you have company coming over for dinner and are rushing to get house cleaned – that’s normal stress. We experience it for a few moments and then it’s gone like the cabernet you served with the top sirloin.
There is a little thing called chronic stress which is not normal and is unhealthy. Chronic stress interferes with your daily life for an extended period of time. It may lead to fatigue, irritability, and wears on your body.
Those that suffer with high stress or chronic stress are prone to introducing new unhealthy habits into their life to provide a temporary reprieve. These habits may include overeating, retail therapy, gambling and/or smoking. All these habits will affect your wallet in a negative way.
Instead of reaching for the Oreos, take a moment and think about what is triggering that action. Take note of the patterns that cause stress and how you handle the situation. Refocus your attention and try taking a different action. Maybe go for a quick stroll, text a friend you haven’t talked to in a while, take five minutes for some quiet breathing exercises.
» Learn more: 10 Ways to Reduce Stress and Find Relaxation
How exercise can help your financial well-being
Remember that college professor that said when you can practice self-control in one area of your life then that discipline can spill into other areas of your life? Well, making exercise a priority in your life is a good place to start practicing that self-control.
Exercise is one of the best gifts you can give yourself. It provides so many benefits that cross into many aspects of your life. For starters, exercising gives you energy and produces endorphins (happy hormones). So, if you can have more energy and be happier you are already ahead of the game. Exercise also boosts your cognitive ability and improves your memory.
Neuroscientists at the University of California, Berkeley, found that chronic stress triggers long-term changes in brain structure and function which can lead to cognitive decline. So, this is just another reason to incorporate exercise into your lifestyle.
There are 10,080 minutes in one week. Allow yourself to schedule a minimum of 150 minutes to exercise. Put it on your calendar, don’t cancel on yourself. Make it a habit, once you have it down you can incorporate the same discipline with your finances.
Exhibiting self-control in one area of a person’s life affects others, so when you form a discipline like regularly working out or meditating for example, you already have that ability to practice willpower in other aspects of your life—like managing your finances.
How your food choices affect your financial well-being
We often hear about how it costs so much to eat healthy. But, nourishing your body now, will most likely keep medical bills lower later. That being said, there are ways to eat healthy without breaking the bank.
We cover these eight tips in our Eating Healthy for Less blog:
- Plan ahead
- Purchase frozen
- Buy in bulk
- Buy in season
- Look for specials
- Go for generic
- Avoid the convenient options
- Eat leftovers
One other huge factor that affects our health and finances when it comes to food is going out to eat.
Not only is it expensive to eat out, but it’s also not good for our skinny jeans. Do you ever look at the menu and think you are choosing the healthiest option only to realize that the salad is 1200 calories? Don’t you love when they place the calories on the menu? “I’ll have the broth, thank you.” All jokes aside, it’s okay to indulge every once in a while. It’s when restaurant week turns into restaurant month and you’re wondering how it’s possible that you managed to spend $527 on dining out in the last 27 days.
How sleep affects your financial well-being
Isn’t it the best feeling when you wake up from a good night’s sleep? The sun shines brighter, your mind is a clearer, and there’s a just a bit more of a pep in your step. But, what does sleep have to do with finances?
Lack of sleep leads to poor choices. Trying to function on no sleep is like trying to like trying to use your phone efficiently on 2% battery power. You cannot be 100% when you are at 2%. Sleep deprivation creates a domino effect of bad decisions. Get out of bed, skip your workout. Go to work, forget your lunch. Go out to eat, choose a burger and fries. Have important meetings, can’t concentrate. Drive home, too tired to play with the kids.
Studies show that moderate sleep deprivation produces impairments in cognitive and motor performance that are equivalent to alcohol intoxication. Have you made bad decisions after a few adult beverages? Have you purchased a stuffed monkey riding a unicorn after an evening of fun? Yeah, me either. But, I heard it can happen, so moral of the story is to get your 7-9 hours and don’t shop when you lack sleep (or after drinking.)
Here are a few tips from our 7 Tips to Help You Sleep Better blog:
- Don’t eat dinner right before bed
- Hide your alarm clock
- Turn off artificial light
- Prepare for the next day before bedtime
- Don’t go to bed until you’re actually tired
- Adjust the thermostat
- Set a schedule
Bottom line is that living a healthy lifestyle is great for you on so many levels including your financial wellness. At Quotacy we believe in taking care of your loved ones, taking care of yourself and living your best life. If you haven’t taken the step to financially protecting your loved ones, we can help you get started. Use our free quoting tool to start pricing out term life insurance for your family.
» Calculate: Life insurance needs calculator
Image credit to: Bruno Nascimento
About the writer
Marketing Content and Social Media Manager
Natasha is a content manager and editor for Quotacy. She has worked in the life insurance industry since 2010, and making life insurance easier to understand with her writing since 2014. When not at work, you can find her throwing a tennis ball for her pit bull mix, Emmett, or curled up on her couch watching Netflix. If it’s football season, the Packers game will be on. Connect with her on LinkedIn.