There are many benefits to living a healthy lifestyle. When you make good choices, the quality of your life can vastly improve. Eating well and exercising is proven to improve both your physical and your mental health. But did you know that a balanced lifestyle can also make your bank account look better? Living well has benefits outside of your personal health and it can save you money in the long-term. Here are some of the ways that making the right choices can improve your personal finances.
Reduce Medical Costs
Unhealthy people tend to rack up higher medical bills, as they may make more frequent visits to the doctor. If you maintain a wholesome lifestyle, hopefully you will not see too much of your doctor which will mean less fees and medications. In addition, insurance premiums are often higher for those with medical issues, and it is often a requirement to undergo medical screening for access to insurance. Living a healthy lifestyle can have a positive impact on your life insurance policy. Life insurance is a valuable tool to help you through unforeseen circumstances and healthier people often pay lower premiums and if you are short on cash, you can always sell your life insurance policy for a payout. This is all done through what is referred to as a life settlement.
Cutting Down on Bad Habits
The rise of health problems due to poor habits, such as cancer and obesity, has caused governments to enact taxes on some harmful products. These taxes are meant to encourage wholesome living by striking at the pockets of consumers. If you cut down on cigarettes and alcohol, you could be looking at massive savings due to the heavy taxes on these items. Some governments are even going so far as to enact sugar taxes in order to combat obesity. If you switch from buying fizzy drinks to drinking tap water, you could also find yourself with a lot more money at the end of the week. Sugar reduction can also help you lead a healthy and stress-free life as the effects of a diet high in sugar can be quite damaging.
Cutting Down on Transportation Costs
One of the important things you can do to look and feel good (and save money) is to get off the sofa and move your body. An easy way to incorporate exercise into your daily routine is to start walking or cycling to places like work or school. It’s an easy way to get moving and it can also help you cut down on spending. If you only use your car for long journeys, you will find that you will save hundreds on your monthly fuel costs. Cutting down on your transportation use should really be a no-brainer decision, as both your body and bank account will thank you for it.
Making Homemade Meals
When trying to achieve a better lifestyle, many people switch from eating pre-packaged, processed foods to cooking their own meals at home. Skipping on artificial and processed foods can make all the difference for both your physical and financial health. If you always buy your lunch from a fast-food chain, you could be paying as much as $10 per day. However, if you make a healthier meal at home and bring it to work, $10 dollars could provide you with lunch for a whole week. If you continue to make these choices over a long-term basis, you can decrease your monthly food spending by hundreds of dollars.