Financial health is as important as overall health. Here are some tips from Xyngular, a healthy living website, to improve financial health:
Having an emergency fund is vital. A lack of an emergency fund is an emergency. Studies show that 50 to 70 percent of Americans couldn’t handle a $500 emergency without going into more debt. The key to breaking this cycle is a small savings account you can build gradually and access quickly.
It’s never too early or late. A $1,000 investment could become more than $50,000 in 20 years. Check out things like IRA, 401k, Roth IRA or HSA, which could be your nest eggs.
Frugal can be fun! Saving money doesn’t mean feeling deprived. Ask yourself: “What makes me happy? What makes my family happy?” Align your financial priorities to make these things happen, and see if you can tweak your budget to fit your priorities.
Healthy living pays off. Good health is the greatest wealth you can have, so any investment you can make in your health will pay off big time. Living a healthy, active lifestyle can help you save money on your insurance premiums, reduce medical costs, and protect you and your family from many of the preventable health problems costing billions of dollars around the world.
Xyngular offers ways to improve health and their lives. For information, go to xyngular.com.