How Healthy Living Saves You Money

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healthylivingYou might be surprised to learn that, when it comes to your financial health and your physical health, you can kill two birds with one stone. By changing your habits so that you live healthier, you can save money over time.

Better Health = Lower Costs

First of all, better health means lower costs in the long run. If you use health care services less often, your insurance premiums won’t rise as fast as they would if you were constantly seeing the doctor. Additionally, if you have fewer health care needs, you might be able to swing the out-of-pocket costs that come with a high-deductible plan. That means a lower premium, and the chance to save money in a Health Savings Account, which comes with tax advantages.

As you age and approach retirement, your good health habits as a younger person can transfer and cost you less. You’ll have fewer costs during retirement, and a greater ability to truly enjoy your “golden years.”

Saving Money Every Day with Healthy Habits

Healthy habits don’t just benefit you in the long run. You can also live more frugally when you make it a point to live healthy. Here are some of the ways you can boost your health at the same time that you save money:

The commute: If you can bike to work, or take public transportation, you can save on gas costs. You’ll get more exercise, since you’ll either be riding your bike or walking to and from transit stops. Plus, in some cases, you might be able to deduct your public transportation costs on your taxes.

Meal planning: Creating your own meals is healthier than buying processed, prepared foods, and it’s much healthier than eating out or picking up takeout. On top of that, some of these less healthy foods can be more expensive. Plan your meals ahead of time, basing your grocery shopping around coupons and sales, and you can save money on food while eating better.

Entertainment activities: Rather than spending money on a trip to the movies or some other expensive endeavor, look for ways to build memories with your family. Cheap activities like hiking and biking can keep you active and save you money. Playing with your kids, going on a picnic (pack a healthy meal), and other low-cost entertainment gets you in nature, results in quality time with loved ones, and promotes a more active and fulfilling lifestyle.

You might be surprised at some of the simple ways that living healthier can boost your budget. What are your favorite ways to save money and improve your health?

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Miranda is a freelance writer and professional blogger specializing in financial topics. Her work has appeared in numerous media, online and offline. Her blog is Planting Money Seeds.