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Low-Hanging Financial Fruit And What Comes Next

Low-Hanging Financial Fruit And What Comes Next

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    When it comes to making major changes in your financial situation, you’ll probably get some pretty standard advice for saving money: stop buying coffee every day, brown bag your lunch and start clipping coupons. That’s because these sorts of changes are low-hanging fruit. For most people, making these sorts of changes in their spending is not too difficult — and because they’re everyday habits, it’s possible to save quite a bit of money over the course of a year.

    Finding Low-Hanging Fruit

    Most financial gurus have a few favorite recommendations when it comes to the low-hanging fruit of your finances. Coffee, in particular, gets singled out for attention, over and over again. The fairly common habit of picking up coffee each morning has even been vilified as the ‘Latte Factor.’

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    But what happens after you’ve cut out coffee — or if you don’t drink coffee in the first place? The standard suggestions may not be so useful for you. Instead, it’s worth taking a look around for some low-hanging fruit of your own. There’s no automatic identifier for such an expense, but a simple way to look for savings opportunities is to look at your daily habits. That’s because anything you do day after day can yield more savings because even a small expense can add up quickly over 365 days.

    That’s the real definition of low-hanging fruit: with relatively small amounts of effort, you can get big results. Of course, just how much effort is required for a particular project can differ with something as simple as whether or not you have a coffee pot at home. When you see a financial tip that seems like it would be fairly simple, it’s worthwhile to take a look at the effort and money involved. If the effort isn’t worth the money, it’s okay to keep walking — what is low-hanging fruit for one person is the hardest apple to reach in the tree for another.

    But not all simple changes are the same. Just as there are some relatively simple steps you can take to modify your spending, there are often a few basic options for bringing in more income — such as selling off a few collectibles on eBay. You may even find low-hanging fruit when it comes to saving and investing your money: any time you can automate your savings, you can generally see a better return than if you try to handle the process manually.

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    When You Run Out Of Low-Hanging Fruit

    It can take a little while to change even small habits and work your way through all the suggestions you find from various financial advisers — but sooner or later, you’ll run out of the low-hanging fruit available in your personal situation. That point can be an ideal opportunity to stop and reassess your finances.

    For some people, the easy fixes are enough to move them to where they want to be, financially speaking. Just by cutting down on habitual spending or automating savings, some people will be able to accomplish their financial goals. For other people, though, it can take a little more to move into a financial situation where they feel comfortable. If you find yourself in that second group, it may be time to start looking at some harder steps.

    A starting point is any financial tips you passed by when focusing on simple steps. If you initially considered something not worth the effort it would require — a programmable thermostat might have tripped up one person, while calling a service provider and negotiating a lower rate would be problematic for another one.

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    Another option is aiming for some more significant changes in your lifestyle. A raise would probably make a big difference in your finances, but it may take further education or extra hours at work — it’s the opposite of low-hanging fruit. But it is probably worth working towards if you need to make a bigger difference in your finances in order to meet your goals.

    Small Changes First, Then Big Changes

    Making the easy changes first may seem like a system that won’t pay off as well as chasing a few bigger changes — even if those bigger changes are harder to arrange. But the fact of the matter is that when you’re doing something like changing your morning coffee routine, you’re likely changing an ingrained habit. It’s not going to be the easiest thing to do, but after you’ve changed one or two habits, the rest get a little easier to handle.

    That practice at changing habits can pay off when you start focusing on bigger fish. Something like going back to school to improve your paycheck is going to require a whole new set of habits, in a stressful environment. Having a little practice with the process of changing habits can come in handy in such a situation. The process, as a whole, may take longer, but it will be more likely to pay off.

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    It doesn’t hurt, either that even a couple of the simpler changes you can make to your personal finance can translate into a good amount of cash. If you can stack several smaller steps with a couple of bigger changes, you can wind up with a significant difference in your financial situation. Do the numbers yourself: look at what you can save by changing one small thing in your daily routine and then build from there.

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    Last Updated on September 18, 2020

    7 Simple Rules to Live by to Get in Shape in Two Weeks

    7 Simple Rules to Live by to Get in Shape in Two Weeks

    Learning how to get in shape and set goals is important if you’re looking to live a healthier lifestyle and get closer to your goal weight. While this does require changes to your daily routine, you’ll find that you are able to look and feel better in only two weeks.

    Over the years, I’ve learned a lot about what it takes to get in shape. Although anyone can cover the basics (eat right and exercise), there are some things that I could only learn through trial and error. Let’s cover some of the most important points for how to get in shape in two weeks.

    1. Exercise Daily

    It is far easier to make exercise a habit if it is a daily one. If you aren’t exercising at all, I recommend starting by exercising a half hour every day. When you only exercise a couple times per week, it is much easier to turn one day off into three days off, a week off, or a month off.

    If you are already used to exercising, switching to three or four times a week to fit your schedule may be preferable, but it is a lot harder to maintain a workout program you don’t do every day.

    Be careful to not repeat the same exercise routine each day. If you do an intense ab workout one day, try switching it up to general cardio the next. You can also squeeze in a day of light walking to break up the intensity.

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    If you’re a morning person, check out these morning exercises that will start your day off right.

    2. Duration Doesn’t Substitute for Intensity

    Once you get into the habit of regular exercise, where do you go if you still aren’t reaching your goals? Most people will solve the problem by exercising for longer periods of time, turning forty-minute workouts into two hour stretches. Not only does this drain your time, but it doesn’t work particularly well.

    One study shows that “exercising for a whole hour instead of a half does not provide any additional loss in either body weight or fat”[1].

    This is great news for both your schedule and your levels of motivation. You’ll likely find it much easier to exercise for 30 minutes a day instead of an hour. In those 30 minutes, do your best to up the intensity to your appropriate edge to get the most out of the time.

    3. Acknowledge Your Limits

    Many people get frustrated when they plateau in their weight loss or muscle gaining goals as they’re learning how to get in shape. Everyone has an equilibrium and genetic set point where their body wants to remain. This doesn’t mean that you can’t achieve your fitness goals, but don’t be too hard on yourself if you are struggling to lose weight or put on muscle.

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    Acknowledging a set point doesn’t mean giving up, but it does mean realizing the obstacles you face.

    Expect to hit a plateau in your own fitness results[2]. When you expect a plateau, you can manage around it so you can continue your progress at a more realistic rate. When expectations meet reality, you can avoid dietary crashes.

    4. Eat Healthy, Not Just Food That Looks Healthy

    Know what you eat. Don’t fuss over minutia like whether you’re getting enough Omega 3’s or tryptophan, but be aware of the big things. Look at the foods you eat regularly and figure out whether they are healthy or not. Don’t get fooled by the deceptively healthy snacks just pretending to be good for you.

    The basic nutritional advice includes:

    • Eat unprocessed foods
    • Eat more veggies
    • Use meat as a side dish, not a main course
    • Eat whole grains, not refined grains[3]

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    Eat whole grains when you want to learn how to get in shape.

      5. Watch Out for Travel

      Don’t let a four-day holiday interfere with your attempts when you’re learning how to get in shape. I don’t mean that you need to follow your diet and exercise plan without any excursion, but when you are in the first few weeks, still forming habits, be careful that a week long break doesn’t terminate your progress.

      This is also true of schedule changes that leave you suddenly busy or make it difficult to exercise. Have a backup plan so you can be consistent, at least for the first month when you are forming habits.

      If travel is on your schedule and can’t be avoided, make an exercise plan before you go[4], and make sure to pack exercise clothes and an exercise mat as motivation to keep you on track.

      6. Start Slow

      Ever start an exercise plan by running ten miles and then puking your guts out? Maybe you aren’t that extreme, but burnout is common early on when learning how to get in shape. You have a lifetime to be healthy, so don’t try to go from couch potato to athletic superstar in a week.

      If you are starting a running regime, for example, run less than you can to start. Starting strength training? Work with less weight than you could theoretically lift. Increasing intensity and pushing yourself can come later when your body becomes comfortable with regular exercise.

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      7. Be Careful When Choosing a Workout Partner

      Should you have a workout partner? That depends. Workout partners can help you stay motivated and make exercising more fun. But they can also stop you from reaching your goals.

      My suggestion would be to have a workout partner, but when you start to plateau (either in physical ability, weight loss/gain, or overall health) and you haven’t reached your goals, consider mixing things up a bit.

      If you plateau, you may need to make changes to continue improving. In this case it’s important to talk to your workout partner about the changes you want to make, and if they don’t seem motivated to continue, offer a thirty day break where you both try different activities.

      I notice that guys working out together tend to match strength after a brief adjustment phase. Even if both are trying to improve, something seems to stall improvement once they reach a certain point. I found that I was able to lift as much as 30-50% more after taking a short break from my regular workout partner.

      Final Thoughts

      Learning how to get in shape in as little as two weeks sounds daunting, but if you’re motivated and have the time and energy to devote to it, it’s certainly possible.

      Find an exercise routine that works for you, eat healthy, drink lots of water, and watch as the transformation begins.

      More Tips on Getting in Shape

      Featured photo credit: Alexander Redl via unsplash.com

      Reference

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