Its a pretty common attitude to see your personal finances and your health as completely divorced from one another. After all, one of them deals with assets, interest rates and other things which revolve around numbers. The other is the mesh of chemical reactions that keep your body functioning! Although these two facets of life arent intrinsically linked, there are many ways that your health can affect your finances you may not know about. If all those public service campaigns havent convinced you to take care of your health, then perhaps these will!
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Im sure if you cast your mind back to college you can remember at least one time you pulled a brutal all-nighter, cramming information in frantically before you were due in an exam hall. That heavy wooziness that you felt right before you finally crashed has a scientific and fairly worrying explanation. When you go without sleep for 24 or more hours, you perform tasks like you would with a blood alcohol level of .1%. Thats well over the legal drink driving limit! Its probably been a few years since you pulled a full all-nighter, but its still very important to consider how your sleeping habits may be affecting your financial decisions. If youre consistently getting very little sleep every night, then your decision-making skills are certainly going to suffer. From impulse-buying at the supermarket to massive blunders like overspending on a new car, poor sleeping habits can put your money at risk.
Its also important to understand how various health conditions can affect the cost of life insurance. After all, the healthier you are, the less chance there is that the insurer will have to pay out to your beneficiaries. Of course, no one has any kind of illness or disability out of choice. However, the respective costs of various health problems may convince you to make certain lifestyle changes. Diabetes, for example, inherently leads to a shorter life expectancy, and can lead to a range of other, more serious conditions which can often be life-threatening. You can reduce your chances of developing diabetes by keeping a cap on your sugar intake, quitting smoking and cutting down on your alcohol intake. Obesity, and everything that comes with it (high cholesterol, blood pressure etc.) can also really drive up the prices of your life insurance premium. In fact, if you have a BMI of 39 or over, you may struggle to find an insurer who will accept you at all. You can find out more about these health conditions at http://www.genesage.com/high-blood-pressure-and-cholesterol-life-insurance .
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Exercise in general can also have a pretty significant impact on your personal finances. I know that meeting all the recommended exercise quotas isnt easy. However, youll be sacrificing more than skinnier jeans if you skip out on exercising regularly. First and foremost, when you exercise regularly it allows more energy to be used on your brain, which boosts your cognitive ability and makes it easier to remember important details. This means that when youre failing to exercise, youll be working with a pretty significant crutch compared to your co-workers, and holding yourself back from that next big step in your career. Exercising can also help you to develop a more positive attitude, and become more confident in making informed decisions. Youll find that a lot of successful business magnates have gruelling exercise regimens they keep up with every day. Try to clock about two and a half hours of rigorous exercise every week, and to walk for at least twenty minutes a day. Heres a handy guide on creating a new exercise regimen: https://www.nerdfitness.com/blog/2010/02/15/how-to-build-your-own-workout-routine/
Finally, stress. Im sure you dont need to me to tell you how potent stress can be! Sure, a little pressure from a deadline or some other factor at work can be a handy motivator. However, when it all gets too much, your stress levels can spill over and start having a negative effect on your performance at work. Again, this can make it harder for you to further your career, and achieve the financial stability that youre aiming for. However, theres a whole other side to how stress can have a detrimental effect on your finances. Just as many people drink or eat unhealthily when they feel stress piling on, you might be in a certain class who spend frivolously when theyre tense. Think of some of your latest new purchases, and how much you actually needed them. Impulse buying may feel good at the time, but making it a habit is never helpful.