Who knew that your squats record, or your daily burpees, could tell you something about your financial fitness? Actually, the two are a lot more related than you’d think—70% say that financial health has a positive impact on their physical health. But it turns out, the two aren’t just connected—the process of getting financially fit is a lot like getting physically fit.
Figure out a fitness goal.
If you want to get fit, you’ve got to work toward something—like a 10K race or a weight-loss goal. Same thing with financial fitness—paying off loans, buying a house, budgeting for a vacation, and saving for retirement all call for some serious financial flexing.
Schedule for training.
It’s the little decisions we make every day that make or break us. And creating a routine is a good way to make those decisions easier. So set some daily, weekly, and monthly budgets to keep you on track.
Start small and work up.
Yeah, we get that you’re really excited about getting fit, but don’t let your excitement drive you to a Level 10 CrossFit class before you’re ready. It’s the same with your finances. Start small—maybe with an emergency fund—and work your way up to the big stuff.
Progress, progress, progress.
Let’s face it, if you’re still lifting 5lb weights your third week in, you’re probably not pushing yourself. It’s all about raising the bar—that’s how your body improves. It’s the same with finances—you can gradually up your savings rate or increase your retirement plans over time.