Want to improve your wallet, waist and wellbeing?

An image of an urban area as Andrew Milligan discusses his global economic view.

Savings

MoneyPlus Features Team

6th May 2015 at 3:58pm

Turns out that two of the most sought-after goals—a better body and more cash—can come hand in hand. What’s good for your waistline can be good for your wallet too.

When trying to save money we automatically look to things like our utilities or credit card rates but how often do we look to our lifestyle?

You could make some great savings there and get fit too.

If you want to drop pounds and save cash here’s some food for thought…

A road to some financial recovery

A good place to start is looking at your work commute, which can be pricey. Research from Quidco suggests we spend on average a whopping £161 a month on travel alone.

When driving we automatically think of the petrol costs but don’t forget the wear and tear of frequent use too as the costs of maintaining a car can be considerable on top of that fuel. If you live reasonably close to work, why not take the healthy option and consider cycling to the office instead of driving. The average commuter can save up to £600 a year by getting on their bike and the benefit to your health is incalculable. It’s worth checking out the government’s Cycle to Work scheme if you’re thinking of cycling to work, it gives you some great financial incentives.

Hit the streets

Travel passes don’t come cheap either. If you regularly take public transport, ditch your monthly bus or tube pass if you live in the city and walk to work, even if it means leaving a half-hour early. And if you live further afield then consider getting off earlier. Often transport costs are by zones so if you get off a zone earlier than your normal stop and walk, you could make some savings and shed some pounds.

In your own time

Getting gym savvy can help tip the scales in your favour too. Stats listed on letssavemoney.co.uk suggest the average gym membership is £2000 a year with the average person wasting £300 a year on membership they don’t use, which comes to a collective £37million. But there are other ways of beating the bulge and not hammering your bank balance.

Budget pay-as-you-go gyms, where there’s no contract, can be a cost-effective option of staying fit and keeping the costs down. Considerably cheaper, in some cases around only £5 for a pass, you can even try before you buy, and if you like it you’ll only pay for what you use, blitzing those wastage costs.

Comfort training

There’s loads you can do to keep fit from the comfort of your own home just by using the internet. Youtube for example has hundreds of great classes you can follow for free. Or you could sign up for online only gym classes at sites like Gymcube.com

Fitness instructors are filmed live delivering exercise classes daily which you can watch at home over the internet.

Another smart option

Your smartphone can be your gym buddy too. There are lots of free apps to help you become your own personal trainer – in control of your own DIY health regime – and can track your progress to help keep you motivated. And using these apps needn’t be time consuming or complex either. Apps like Seven – the scientific seven minute workout – which promotes seven minutes of exercise, seven days a week for seven months can be a quick, easy and cost-effective fitness programme. With Seven, by following on-screen directions, your aim is to work towards goals and unlock new workout routines every second month to help you keep up the challenge.

Stay on track

If you’ve opted to go for some of the earlier tips then you can also keep your motivation up, track your progress and set yourself goals too with apps such as RunKeeper which tracks running, walking and cycling. It will keep a live journal of your outdoor exercise and you’ll receive motivational feedback every time you go out running, walking or cycling with your phone which uses GPS to provide details of your route, average speeds, calories burned and more.

Get financially fit

So why not kill two birds with one stone, get in shape and save money too. Pound for pound it just makes great sense.

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The information in this blog or any response to comments should not be regarded as financial advice