It’s easy to look to financial health as some kind of distant and theoretical mode of success that we can plan for, but it’s important to remember that those plans will always be tied to our day to day life and personal priorities. So for example, saving is useless unless you’re saving for a particular purpose, even if that’s just a personal budget.
Moreover, how financially disciplined you are will depend on your life circumstances and also your habits. For example, some may be more willing to cut coupons out of magazines, only purchase using internet coupons and deals, and save up loyalty points year-round to potentially purchase a festive dinner for free. All of that adds up, but it does take work and effort to save in this way.
In fact, one of the most essential considerations is that if you hope to be financially stable, you need a staple personal life and relatively worthwhile self-care to keep up with. That’s not to say every person with great health will be financially successful, nor does it mean every billionaire has perfect health. What it means is that by and large, discipline in the latter will make discipline in the former more possible.
Let’s consider what this might actually look like:
Managing Stress
Stress relief is an essential part of personal well-being. We all seek it in different ways, but meditation, exercise, and managing a good work-life balance are by far the best three habits to build to deal with it.
Stress can also lead to impulsive purchasing if you’re not careful, which is why it’s so important to consider. After all, if you’re continually stressed on a daily basis then your long-term thinking and planning can suffer because you’ll have less time and mental energy for thinking about it.
This means even small habits like purchasing convenience lunches instead of cooking them in advance could cost you hundreds more a year. When your stress is dealt with, you can feel more clear-headed about your daily expenditure.
Balanced Lifestyle
A balanced lifestyle is a temperate and moderated one, even if you do enjoy your indulgences. For example, you might enjoy a nice bottle of whisky from time to time, but you’ll invest in a better bottle that lasts longer and maybe a nice nightcap once every other week, instead of indulging in your taste and spoiling it as a treat for yourself.
This kind of balanced lifestyle and habit-setting can help you avoid overspending on items we all need. For example, if you purchase better clothes less often, the chance you need to replace or repair cheaper options over time. It’s not hard to see how that can save you money thanks to the longevity of a wise purchase, and how a balanced lifestyle can promote good, forward-thinking practices like this.
Reducing Anxiety
Anxiety can often lead to bad financial decisions. For example, you might overspend to try and keep up with other people’s possessions even if they’re not currently within your means, or you might self-medicate with bad habits like drinking, or perhaps even build unhealthy habits like retail therapy to help soothe your worries.
Of course, you should visit a doctor if your anxiety has gotten out of control, because falling into impulsive habits like repeated purchasing can be a bad idea, and only leave you worse off in the long run. Reducing anxiety means you’ll take constructive action towards working on the source of the problem, instead of masking it with unhealthy spending habits.
Poor Habits
It’s also true that habits in themselves can be very expensive. Most smokers these days will have to be exorbitant taxes on their cigarettes, which means they can save potentially thousands a year from quitting this habit. Of course, it’s important to note that disposable vaping is hardly a better option either, even if it might save them a certain amount of cash.
Now, that’s not to say you have to cut money from all of your habits. It might be you prefer to purchase beautifully baked sourdough than supermarket bread, and are willing to pay for the difference. But poor habits, removed from your lifestyle, can be a fantastic boon to your wallet and your mind, and will again reduce that impulse behavior we’ve spoken of above.
Sometimes, it’s not as easy as just dropping the habit, so visiting specialists who can help heal mental health disorders is absolutely a worthwhile use of your time, too, because implementing a robust solution to a difficult habit rather than addressing the symptoms will save you so much time and difficulty.
Quality Nutrition
One of the secrets of great nutrition is that it doesn’t have to be expensive in the least, but it can save you a great deal of money over time. How so? Well, keeping a healthy weight and feeding your body what it needs to thrive will ensure expensive medical bills are less common, even if it’s no guarantee of never contracting a health malady.
Learning to meal prep can also be extremely healthy while helping you save money on convenience meals throughout the week, especially lunch at work. That might involve cooking delicious curries filled with vegetables, soups, broths, ragus and more, and serving them up or freezing them when necessary for alternate days of the week. That kind of delicious cooking saves time and money at the same time, two of the most important resources anyone has.
Safety and Security
Safety and security are absolutely a part of personal wellbeing, and most people would agree with that. But how can it help your personal wellbeing? Well, protecting your assets, keeping your financial accounts safe, reporting any fraud symptoms immediately, canceling cards you lose, and reading your bank statement regularly will help you spot irregularities correctly. Moreover, having a lucid understanding of your exact fniancial situation and budgeting will ensure the safety and security of your general day to day life, be that keeping you in rented accommodation, planning for a home, and finding that emergency budget you need to help protect against life’s unpredictability.
With this advice, we hope you can see how financial health most often blossoms fro personal wellbeing.
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