Just like your physical health, financial health is crucial to your wellbeing. Being financially healthy should be as important as being physically and mentally fit, so don’t just focus on your body and mind without focusing on your bank account, too! Take control of your overall health and wellbeing by utilizing these tips to improve your financial health.
DON’T MAKE IMPULSE PURCHASES
You already work hard to earn an income, so why waste it? Don’t make an impulse buy — before tapping that checkout button, take a moment to rethink it. You’ll likely realize you don’t truly want whatever it is you’re trying to buy.. Plus, if it’s replaceable, you’ll have another opportunity to buy it in the future, so for now remain focused on the big things, like saving for a house, retirement or maybe your next vacation!
EAT OUT LESS
We know it can be hard but cutting back on the number of times you order takeout per week can greatly impact your bank account. If you eat out multiple times per week, try limiting yourself to just once. After just a few weeks of saving, you’ll notice the dollars piling up.
The average U.S. household spends $2,375 per year on dining and takeout — that’s a big chunk of change! Consider how much that could add up to. In 5 years, you’d save well over $10,000 by simply choosing to cook your food more often than not.
SAVE FOR THE FUTURE
Life is unpredictable — literally anything is possible. That’s why you should always prepare for the unexpected. We recommend you set aside a minimum of two weeks’ pay toward an emergency fund. That way, you won’t get stuck in a situation that forces you to sell off your investments or tap into your 401k just to survive.
And speaking of 401k, are your savings putting in work for you? If you want to be able to kick back and relax in your later years, be sure you put money into a 401k, IRA or other financial instruments to set yourself up for a stable future. What better way than saving a little extra cash every month?
SUPPLEMENT YOUR INCOME
NewAge offers people a unique way to supplement or even replace their current income. ANYONE can start building their own business and earning money right now — all you need is a smartphone or computer. You decide how and when you want to work, so your personal and financial growth are completely in your hands. We provide all the free tools, guidance and support you need to succeed as a Brand Partner, but it’s up to you to utilize those resources to the best of your ability.
Take advantage of this unique opportunity to become your own boss; you’ll discover how easy it can be to grow your own team and create a significant stream of income — no degree required!