This past weekend I sponsored a booth at our local Wellness Festival for my financial coaching business. It was interesting to see that while some were surprised to find me there, most thought it perfectly natural. The connection between healthy finances and healthy human is growing clearer by the day.

Saving is Good For Your Health!

I’ve long known intuitively that there was a connection between financial fitness and overall well being. Now studies are starting to prove this out. The good news is that it doesn’t take much savings to reap the benefits. And the connection appears to be independent of income.

Just as striking though, were the psychological impacts of having at least $500 in the bank.Those who had less than $500 were more than twice as likely to worry frequently about money — and much more likely to report they’d lost sleep, suffered health problems or been less productive at work.

So if you needed any extra incentive to get that first $500 in the bank you know now that your health depends on it! Read the full article here.

Of course the connection is true in reverse as well. Living healthy is good for your wallet! People who “invest” in their health take fewer prescription and over-the-counter drugs, visit doctors less frequently, have fewer down days (particularly important for the self-employed) and generally spend less on food since it is the prepackaged/processed foods that tend to cost more. See Lucy’s Be Your Own Trainer series for guidance on the exercise part of the health equation.

Photo credit: stock.xchng