Physical fitness is very important at any age. Being conscious about your lifestyle, eating the right amount of healthy food in a timely manner, and flexing your muscles is the best way to thank your body. Though many of us might at least make an attempt towards a healthy living or make a resolution to hit the gym to shed those extra pounds lingering on to us, we delay pursuing our financial goals.
Without getting too much into math, here’s an equation for you to ponder about. It is our equation to help you get financially fit.
PDCA = qed
Financial fitness – How to get started!
Financial fitness is a matter worth focusing on as well. Sound financial health can have a positive impact on overall health and well-being. The book Leveraging Your Financial Intelligence: At the Intersection of Money, Health, and Happiness by Douglas Lennick Roy Geer Ryan Goulart focuses on how financial health, physical health, and happiness are profoundly interconnected.
So this month, we decided to focus on fitness and show you all how easy it is to relate physical fitness to financial fitness.
Check out our simple tips for building a healthy financial life. It’s nothing dramatic, just the PDCA – though a great technique for continuous business improvement, it can also be applied in any day to day scenario with equal ease.
It is essential to write down your financial goals and create a plan so that you have clarity when you reach your destination. The specifics may change from time to time, but always keep the big picture in mind. Planning is the key. We should all once again sing the song we used to annoy our parents during every car journey – “Are we there yet?”.
This is the most important yet challenging aspect. Fitness coaches generally advice to start out slow, with warming up exercises before a body straining workout regime. If you start with weights on Day 1, you are going to injure yourself for sure, which would, in turn, prove to be a hindrance to your fitness goals. The same applies when it comes to finances. Just because you have decided to build wealth, you don’t need to immediately put half of your paycheck into savings. Start slow and go along steadily. Deal one day at a time. For instance, if you are frequent credit card user, ditch it at least twice a month, then gradually stop using it.
Well, quality is measured when we check and revise if we are on the right path by comparing previous year financial data. In building your financial health, it’s also important to be confident, driven and focused. Mental preparation is key for both physical and financial fitness. Checking your investments, finding avenues to save taxes can place you in a great place during your retirement.
In building your financial strength, we recommend streamlining the process to ensure your goals are on track. Automation of savings, keeping track of your receipts can help you feel the progress. Just as we cannot stop working out, due to the boredom that sets in as you repeat the same set of exercises every day, same is applicable with finances. It could get monotonous, but you cannot afford to miss tracking even for a single day as every penny matters.
There are several apps for fitness, which motivates you to move and stay fit. We would like to introduce ourselves as your best-loved app for your financial fitness. Download NumReceipt and the time you spend with us would definitely reap sweeter benefits for you in the long run.
Our friendly support services ensure that you are able to use all the features in our app that ensure your goals are on track. We will help you with accountability and also let you appreciate your fitness journey, making you feel the progress.
PDCA = q.e.d (quite easily done)
Fitness ensures longevity and healthy life. The longer we live, the more important finances become - especially to save and plan for retirement. So make strides on your financial plan as you continue your fitness regime.
A good start is half the battle – Plato
So create a plan, start slow and before you know it, you’ll build a financially healthy life. With NumReceipt in your mobile, PDCA = q.e.d (quite easily done)
Recession – How to rebuild personal finance after the recession?