I have played many sports throughout the years, some I found more challenging than others. One thing I have come to know, is that if you don’t know the rules of the game, it’s almost impossible to win. So how does this relate to money and financial wellness? You see, most people are uneducated when it comes to saving money, how debt works and how to get out of it, how to properly protect themselves from financial disaster, not to mention many other financial areas. I get it, you don’t want to talk about it, you don’t understand it, so it’s much easier to ignore the topic. However, what if you understood the rules of the game and the proper “equipment” that you should use to win, don’t you think you’d be a little bit better off?
In my opinion people carry too much stress these days. Society is so fast paced, people are overworked and underpaid, and not understanding ones finances just adds to the pile. I have been in the financial business for over 10 years, however, I have a degree in Physical Education, so I have a strong belief in being physically fit and healthy. Saying that, I also believe in being financially secure and feeling good about the future. Wouldn’t it be great to improve your overall wellness? By improving your health, fitness, finance, family, faith, relationships, etc.? It’s not as difficult as you may think.
The lack of financial wellness can have a significant impact on an individual’s overall health. Here are some examples illustrating the connections between financial struggles and health issues:
- Stress and Mental Health:
- Example: Continuous financial stress, such as debt or the inability to meet basic needs, can lead to chronic stress. This, in turn, increases the risk of mental health issues like anxiety and depression.
- Limited Access to Healthcare:
- Example: Individuals with financial constraints may avoid seeking medical attention due to the cost of healthcare services. Delayed or neglected medical care can result in the progression of illnesses and the development of more serious health conditions.
- Poor Nutrition and Diet:
- Example: Affordability often plays a role in dietary choices. People facing financial difficulties may opt for cheaper, processed foods that are high in unhealthy fats and sugars. This can contribute to poor nutrition and increase the risk of obesity and related health problems.
- Lack of Physical Activity:
- Example: Gym memberships, sports activities, and fitness classes can be expensive. Individuals with financial constraints may find it challenging to afford these, leading to a sedentary lifestyle. Lack of physical activity is linked to various health issues, including cardiovascular problems and obesity.
- Substance Abuse as Coping Mechanism:
- Example: Some individuals facing financial hardship may turn to substance abuse (alcohol, drugs) as a coping mechanism for stress and anxiety. This can lead to addiction issues and exacerbate mental and physical health problems.
- Sleep Disorders:
- Example: Financial worries can keep individuals awake at night, contributing to insomnia and other sleep disorders. Poor sleep is associated with a range of health issues, including weakened immune function and increased susceptibility to chronic conditions.
- Impact on Relationships and Social Well-Being:
- Example: Financial strain can put a strain on relationships. Marital and family problems can contribute to feelings of isolation and loneliness, negatively impacting mental health.
- Limited Preventive Care:
- Example: Regular check-ups and preventive care are crucial for maintaining good health. However, those facing financial challenges may skip these appointments, leading to undetected health issues and potentially more expensive treatments in the long run.
- Impact on Reproductive Health:
- Example: Financial concerns may influence family planning decisions. Lack of resources for prenatal care and childcare can affect maternal and child health, with potential long-term consequences.
- Reduced Productivity at Work:
- Example: Financial stress can lead to reduced concentration and productivity at work. This may result in job dissatisfaction, increased sick days, and a higher risk of job loss, further exacerbating financial strain and health problems.
These examples highlight the interconnectedness of financial well-being and overall health, emphasizing the importance of addressing both aspects for a holistic approach to well-being.
The holiday season is upon us, so here are some quick money saving ideas:
- Live within your means. It’s so easy to do today, because we want the brightest, fastest, shiny-est and best! We live in a microwave society and we want it NOW. Resist the temptation.
- Don’t carry debt on depreciating assets. Today shopping, especially online, is so convenient, we tap and it’s ours. Which makes it so easy to make impulsive buys and carry those purchases on our credit cards for months.
- Remember the purpose. The holiday season is about friends and family, not about drinking Dom and having steak and lobster every night. Save your cash by spending (time) on what really matters.
I believe when people start to workout and commit to physical activity they feel better and have more energy. The same goes with your financial life, once you start saving money, and understand a little bit as to how to win the game, then you just feel more secure and confident about the future. I would love to hear any comments or questions you may have.
