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10 Healthy Habits That Will Save You Money

10 Healthy Habits That Will Save You Money

These healthy habits will help you look and feel good on a budget. If you’d like to boost your bank account while getting fit and healthy, try out these easy-to-implement health tips.

1. Establish a six-pack limit.

Confession: I love alcohol. Whether it’s a white russian, red wine, dark beer (Guinness especially) or straight-up liquor, you’ll be hard-pressed to find an alcoholic beverage I can’t say “cheers!” to. Of course, drinking too much is no good for your wallet or your waistline. For evidence, look no further than that guy you knew in high school who used to be a ripped monster (but now has an uber-big beer belly). That is the consequence of drinking way too much. To maintain a healthy weight and save money, limit yourself to 6 drinks per week. That could be one serving of alcohol per day, or, if getting drunk is your style, you’re welcome to save it for the weekend. Have fun (but don’t get carried away!).

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2. If you’re gonna eat out, split a dish.

Restaurant prices and portions are out of control these days. If you’re going out on a date, don’t be afraid to ask your waiter or waitress if you can split a dish. They are 99.9% likely to say “yes,” and you’ll spare some dough (not to mention that upset stomach you usually have after eating out).

3. Brew delicious coffee at home.

I love Starbucks as much as the next person, but a lot of folks get too carried away. You do realize that if you spend $3 per day on over-priced (and sugar-laden) coffee drinks, you’re out $90 per month, right? Even if you cut that in two, it is just too much. Think about what you could do with all of that money: the vacations you could take, the beaches you could visit, the things you could do! Convinced? Right then: I know some of you probably go to Starbucks because you don’t like real coffee. You like the sugar-bomb drinks masquerading as coffee (and at a mark-up!). For a healthier (and more budget-friendly) coffee, brew it at home. Add a dash of cinnamon and a splash of milk, then stir and enjoy (you’ll thank me later). For more ways to make your coffee super healthy, click here.

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4. Shop for meals (not just stuff).

Have you ever made the mistake of going to the store while you were so hungry that you could eat your hand? I have. Let’s just say the contents of my shopping card were a bit, shall we say, excessive? Hungry or not, going to the store without a plan is a sure-fire way to waste money. Instead of making a general shopping list, make a weekly cooking list. Write down everything you plan to eat for the next 7 days and list every ingredient you will need below your meals. If it’s not on the list, it doesn’t go in your shopping cart. Click here for a big list of over 100 quick and easy healthy recipe ideas that will make you say “nom, nom!”

5. Start a food diary.

Did you know a pen and paper can help you save money and get healthy? True story. Do this: write down every meal you eat for the next week. Also include any details like what time you ate, how you felt after eating (did your meal make you feel happy and fulfilled or sad and lethargic?), and a rating of how much you enjoyed your meal from 1-10. I would be willing to wager you’ll discover that natural, healthy foods like fruits and veggies make you feel a whole lot better than processed junk. This isn’t news: you know it — I know it — we all know it. But keeping a diary and being aware of the effect food has on your mood, energy, and body makes it a whole lot more personal (so you’re going to be more likely to make better decisions in the future!). While you’re at it, you should also start a training diary: click here to find out why.

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6. Keep your closet tidy and organized.

Get a really big bag and keep it in the bottom of your closet (an over-sized department store bag or trash-bag would work). As clothes become old and neglected, they go in the bag. If you can’t remember the last time you wore it, it goes in the bag. Every time your bag fills up, take your clothes to a local thrift store to make some dough (cha-ching!) and give the rest away to a charity (or friend) of your choice. Eliminating clutter will help you reduce stress (and who can argue with some extra spending money?).

7. Squeeze exercise into your busy schedule.

If you’re a member of club broke (or even if you’re not), it’s totally okay to work out at home. Exercise is the best medicine you’re not taking (and it’s a whole lot cheaper than that over-the-counter stuff!). It doesn’t have to be anything elaborate. You could wake up 30 minutes early and start your day with a dog walk or neighborhood run. You could park super far away or take the stairs to get some extra walking in. You could invest in a chin-up bar (or just grab onto a tree branch) and build a strong back that’s less prone to injury. Can’t do push-ups? Do incline push-ups on a wall, counter, or sturdy table. Any exercise is better than no exercise, so get moving (no matter how long you have!).

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8. Brown bag your lunch.

This tip is obvious, but it’s obvious because it works. If you’ve never tried preparing and packing your own lunch, just try it for a week or two. Compare the expense of eating out to the cost of cooking in and I have no doubt you’ll be pleasantly surprised. If you’re short on time, prepare 3-7 days of food at a time and refrigerate or freeze it as applicable (and then you can just “zap” it at meal time).

9. Feel the wind in your face.

Since gas is one of the most expensive things ever, why not turn a negative for your bank account into a positive for your body and environment? If you live close enough, bike to work. You’ll save tons of cash on gas, lose weight, and release endorphins (your body’s feel-good chemicals that make you feel on top of the world). If biking to work is out of the question, try to squeeze a quick walk into your morning and/or lunch hour.

10. Stick with it.

The best fitness plan is worthless if you can’t stick with it for more than a few weeks or months. I know changing your negative habits isn’t easy, but you just gotta do it. If you have a lot of bad habits and aren’t sure how to start, check out my guide to breaking bad habits once and for all.

I hope putting these healthy habits in practice helps you feel happy, look good, and save money. If you have any other cost-saving health tips, please post them below. Questions? Don’t hesitate to ask.

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Daniel Wallen

Freelance Writer

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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