Photo by Sharon McCutcheon on Unsplash
We’re told from a young age that we should always save our money, to only buy what we need to and look for good deals on products. And you have to admit, it sounds like excellent advice.
That’s often easier said than done in a society so fixed on consumerism and excesses. Sometimes, people who don’t want to spend money are mocked for being ‘cheap’. The fact is, not only is developing the savings habit good for your bank balance, it can actually have a positive effect on our health too.
It teaches patience and self-discipline
Saving your money can be hard. Even people with healthy incomes find it difficult to avoid spending. So it’s not simply a question of having money to save, it’s about developing the mental discipline to do it. Even if it’s just a few spare dollars.
If we do want to buy something, learning to save up for it or waiting for the Frontera coupons rather than just racking up credit, is a great habit to get into.
Feeling like you have a safety net
A lot of people live paycheck to paycheck, which can be a nervewracking experience. Developing a savings safety net can bring your stress levels down. We’re not talking about lifechanging amounts of money here, but wouldn’t a few months salary saved up to make a huge difference if you were suddenly to become ill or have to find another job?
Lowering your underlying stress levels will also bring many added physical health benefits to your life. Improved blood pressure and quality of sleep bring huge health benefits and reduce your risk for a lot of other health conditions.
It promotes confidence and assertiveness
The continued self-discipline it takes to have a savings mindset leads to an associated uptick in confidence and assertiveness levels. You are more likely to believe in yourself and your skills. Being self-confident is an amazing asset that can really help you in all areas of your life.
It gives you a sense of personal freedom
Being in debt can take a toll on your physical and mental health. The effects can be far-reaching and make you quite ill. Having the personal freedom to do things without being under a financial cloud can really open up your life and your mindset.
Conclusion
Saving money, and spending less is not only good for our bank balances and the environment but our health too. Saving improves our wellbeing in many ways. It isn’t always that simple though. There are some people who have a saving mindset who, due to circumstances, just aren’t able to save any money. There are others who might have a really good income but just can’t get a grip on not spending it every month.
It really is a skill that needs to be learned a nurtured as you get older so that you can reap the benefits in all areas of your life and pass them on to your children too.
