How leading a healthy life can save you money in the long term…
Many of the goals that we set ourselves involve two things: either improving our health or improving our finances.
The two can very often go hand in hand, and making small daily changes can have a positive effect on your finances… who’d have thought it?
Read our top tips below to find out how a healthy lifestyle and a healthy bank balance can go together collectively.
- Eat well
Eating a healthy diet can be key to our mental and emotional health as well as our physical wellbeing. It can make a huge difference to our mood, energy, waistline, and how well we think and feel.
With all of us living busy lives and our finances stretched, a lack of time and cost can be one of the main barriers to eating a healthy diet. When we’re hungry and pushed for time and money, processed and fast food can often seem like a great option.
There are ways that we can eat healthy home-cooked meals and save money in the process. Creating a weekly meal plan and shopping list, only buying what we will eat or minimise waste and cooking extra portions for lunch and dinner can be a big help.
Over 5.1 million tonnes of food and drink is thrown away each year, this adds up to around £230 per person and about £800 per family. Not only is this a waste of delicious food, but it has serious impacts on the environment.
- Walk when possible
It might sound very obvious, but deciding to walk short distances, instead of driving could save us hundreds or even thousands of pounds a year.
Walking is simple, free and one of the easiest ways to get more active, lose weight and become healthier. Whether we enjoy a gentle stroll or a fast-paced walk, by walking for as little as 30 minutes a day we could lose weight, increase muscle and bone strength, and improve our cardiovascular fitness. Many of us will also find that walking is great for mental health too. It’s a chance to unwind and relax and to think with a clear head once again.
Switching our twice-daily bus journey to work for a brisk walk or bike ride could save up to £528 a year.
- Check your life insurance
Insurers look at factors like alcohol intake, smoking, weight, health conditions, hobbies and driving convictions when calculating our life insurance premiums. Making lifestyle changes that protect our health can reduce the cost of life insurance.
Our job, hobbies, smoking habit, alcohol consumption, driving, are all factors that affect premiums.
Giving up smoking completely for at least 12 months, for example, can cut the cost of a typical policy by £4.94 a month, or £59.28 a year – according to MoneySuperMarket.
Many insurers are using technology to get greater insight into their customers, for example, Vitality offers an Apple watch to help us get active and track our activity.
- Drink more water
Water is one of the most important things that our body needs, and if you are using a tap at home or out and about, it’s completely free. If we’re looking to cut down on our spending, introducing more water into your daily routine is one of the simplest yet most effective ways we can do this. NHS recommends that we should all drink 6-8 glasses of water a day.
A reusable bottle can be picked up easily and can be purchased from as little as £2, and, if used regularly, can save you an average of £25,000 across a lifetime.
Reusable bottles can promote better hydration as carrying them with us can encourage us to drink more, and allow us to refill with tap water for free whenever they are empty. Some reusable bottles also come with measurements to help monitor how much we are drinking and keep us properly hydrated throughout the day. Drinking water from a reusable bottle is good for us, our wallets and the environment.
- Say goodbye to expensive vices
The most common vices are smoking, drinking and overeating. Each of these has a significant impact on our health and your wallet.
These lifestyle changes come with many benefits such as having more energy, getting a better night’s sleep. Plus having more money in our pocket can make us feel more motivated to carry it on – and both our body and bank balance will appreciate it.
Get that healthy habit started straight away, the first two weeks are always the hardest.
There is no hard and fast rule for making these changes, but by making just a few changes to simple everyday habits you might be surprised at how quickly it all adds up.
You know that we love to hear from you, so if you have any other tips please email them to us at email@example.com.