SeaComm Federal Credit Union OFFICIAL BLOG

Achieving a Balance: Physical & Financial Health

financial health

With the constant demands of the professional world, it seems like we can never catch a break. Too often, people burn themselves out in an effort to improve their financial well-being, while unintentionally damaging their physical health in the process. I have encountered too many people who work multiple jobs just so they can ‘get ahead,’ without understanding that they are only hurting themselves. So is there a way to strike a balance? Is there a way to maintain both a financial and physical fitness?

 

The Connection

The first step in achieving a balance is to understand the connection. Physical health and a financial well-being go hand in hand- with CBS News reporting that financial problems are rated as the highest source of stress for people. The absence of financial health can cause anxiety, insomnia, depression, and feelings of desperateness. It is only a matter of time before these feelings lead to physical health problems, i.e. high blood pressure, various heart disorders, stomach complications, among other conditions.

Financial stress can consume a person, affecting their focus, attitude towards friends and family, and even lead them to neglect their personal health and maintenance.

See the connection now?

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Get Started

There’s no better time than the present to prevent financial stress, or to combat the financial angst you could be feeling right now. Here are some strategies from the balance to keep in mind while on your route to financial health:

  1. Create a Budget

You might think that by adding a budget, you will only be stressing yourself out even more. But that’s not true- A budget allows you to control your spending, in an effort to reach your goals to save and plan for retirement. At the end of the day, a budget will bring you closer to that ‘peace of mind’ we all want to achieve.

  1. Start an Emergency fund

Having money set aside for unexpected expenses will be a life saver- trust me. Although unplanned expenditures tend to be costly and stressful, if you know that you have a pool of money that you can tap into when you need it, a lot of the stress will go away.

  1. Get Outside Help

If you find that you are struggling with achieving that balance, you can always seek outside help. A financial planner or advisor can help you to draft a plan that can lead you towards financial health.

SeaComm offers its members FREE Personal Financial Advisor services. (You read that correctly, FREE!) The Personal Financial Advisor at SeaComm, Mathew Hastings, is there to help you achieve your personal financial goals, while also providing an abundance of knowledge and information concerning a variety of planning and investment services that are available to you.

If you are interested in taking advantage of this free personal advisor service, you can call Mathew today at 315-764-0566 ext. 555 or email him at Mathew.Hastings@cunamutual.com

  1. Determine What You Can Change

If you have financial issues, you most likely have a particular problem (i.e. spending or income, or a combination) that should be addressed. At this point, you should determine what the exact problem(s) is, and work to solve it.

By acknowledging your financial weaknesses, whatever they may be, you will gain control over your financial life, which will inevitably help you to achieve your financial goals.

  1. Find and Create Positive Aspects of Your Life Each Day

There is nothing wrong with patting yourself on the back when you know you have made financial progress. There is no quick solution to a problem, especially when it comes to financial issues. So when you notice that you have made positive changes, make sure you acknowledge it. This will only motivate you even more.

In addition, you should sustain a routine of regular exercise and personal maintenance, relieving stress and allowing you to focus on overcoming life’s obstacles. Replace activities like shopping, going out to eat and gambling with going for walks, practicing yoga, or hiking.

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The formula that is required to achieve a balance between physical and financial health isn’t so difficult to solve, it’s actually quite easy. But in order to succeed in achieving this balance, you really need motivate yourself. By understanding the connection between your physical self and your financial life, you will be able to come up with ways to strengthen your financial life without creating a negative impact on your physical health. So when you make decisions to enhance the financial aspects of your life (i.e. accepting a higher paying job that is more strenuous,) ask yourself, “How is this going to impact my physical health?”

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