You probably already know that working out and eating well can help your body. But it also has other advantages, including saving you money. For example, you’ll get lower life insurance premiums, and you might not have to spend as much on doctor visits. And you may not spend as much on habits that aren’t the best for you.
When determining your monthly premiums, insurance companies take several things into account. That could include your diet, weight, and past health history. If you are healthy and young, you might not be as high of a risk to insure. Then you will not need to pay as much each month for the insurance. If you make better lifestyle choices, you might not be as likely to need long-term care when you’re older. But it’s still worth considering the pros and cons of getting long-term care insurance with your life insurance. You can learn more by reviewing a guide when you need assistance with activities of daily living when deciding if long-term care insurance is worth it.
Living a healthy life doesn’t have to be expensive, and many times, it can save you money. Pre-packaged foods tend to cost more than the ingredients needed to make your own. So instead of purchasing a pre-made soup, you can make your own using meats, vegetables, rice, or other components. Plus, soups are a great way to use up items nearing their expiration dates not to waste as much food. A pre-made meal could last you one or two meals, but for that price, you could purchase the things to make your own, and it might last for several meals. Plus, then you’ll spend less on eating out, and you’ll know just what goes into your food.
Whether it’s gas, car maintenance, or public transportation costs, getting places isn’t always cheap. By making a few changes, you can reduce these transportation costs. When possible, consider biking or walking to your location. Perhaps you choose to walk with your kids to school instead of driving them. That gives you more family time while saving money. Of course, it’s not always possible to walk or bike to your location, but you might be surprised at what’s just a short distance away.
Some insurance companies might offer discounts for using apps or devices to track your health. That could come in the form of wearables to see how many steps you take each day and how many hours of sleep you’re getting each night. You might start by beginning an exercise routine. It’s easy to lose motivation after a time, but you can add a bit of variety to the workouts, so you are more likely to stick to them. For example, you might try lifting weights one day and going for a run the next. If you want to stick to your new habits, look for an accountability partner. It might be a workout partner or just someone who encourages you to keep eating well. When you meet your health goals, you might reduce your stress and save money in the process.