In an ideal world, most people wish for two things; they want to be healthier, and have more money. With New Year just around the corner, wouldn’t it be great if you could set a new year’s resolution that could help you with both of those things?
Below are 5 great choices for resolutions that will save you money, and hopefully the peer pressure of publicly announcing your goal will keep you on the straight and narrow.
1) Quit Smoking/Quit Drinking
Starting with one of the more obvious resolutions on the list, it’s one that many of you have probably already tried in one way shape or form. You don’t need to be told of the health risks with drinking and smoking.
Financially the benefits are obvious too. Where you might have been spending money on a pack of cigarettes or a pint, you’re no longer putting down cash for cigarettes or a pint. You can give yourself additional incentives by putting some of the money aside to treat yourself.
eCigs are a great way to cut down on the amount of nicotine that you use, and eventually quit smoking. You can get all sorts of delicious flavors too, you don’t have to just stick to tobacco, but you can if you like. NEwhere Premium Vapor Products offers eHookas, eCigars and eCigarettes. For the price of one eCig, you get the equivalent of 2 packs of cigarettes! These don’t need charging or fluid refills, but you can recycle them with their program which is environmentally friendly, plus gives you even more savings!
2) Lose Weight
It may not seem like a resolution to lose weight will help your finances, but there are several benefits for your finances tucked away in this resolution. You can use it as an exercise to walk or cycle to work, saving yourself the cost of public transport or petrol.
This also has a knock on effect; you’ll be cutting down on lots of expensive habits, maybe making breakfast rather than buying it out or skipping a dessert at lunch. All of these will add up to save you plenty.
3) Get Out Of Debt
You know what’s really stressful and as a result bad for your health? Serious debt. Make a financial decision to get on top of your debt and you’ll be taking care of your finances while getting rid of all the stress that comes with it.
How can you do this? Try to avoid credit cards, payday loans or anything with a high interest attached, while it might seem like a great idea to start with, the interest can soon spiral out of control.
4) Think Positive
Walking around with a spring in your step Is pretty great all-round. Expecting good things from yourself is good for your physical and mental health while that “get up and go” attitude is going to help you achieve some of those financial goals
This goal can easily be paired with any of the others on the list and can be good for motivating yourself if you’re not feeling too confident! With the money saved, look into alternative savings plans and high interest savings accounts to help maximize your savings, these could be in the form of fixed rate bonds. Have a look into savings and investment plans from sites such as Fair Investment, MoneySavingExpert or MoneySuperMarket and see how you could make the best from your savings.
5) Start an Emergency Fund
Life has a funny way of throwing up obstacles, a broken kitchen appliance or problems with your car could leave with you’re a hefty bill. This can put people through a lot of stress as they struggle to cope with one financial disaster after another.
By starting an emergency fund, you’re keeping some money on hand for any problems that might pop up. Having that money on hand when you need it means you won’t have to put the expense on a credit card or take a cheaper option that might be costly later, because it’s what you can afford.
Why Not Make One Of Your Own?
If you’re thinking of trying a couple of these resolutions, why not try coming up with a few of your own? Getting healthy and dealing with your finances are both excellent goals. If you have a few great ideas, why not get in touch in the comments below?