Category Archives

Archive of posts published in the category: Personal Economics
May
31

Can Seniors Maintain a Fit and Healthy Lifestyle without Breaking the Bank?

When you reach a certain age, staying healthy can be quite a challenge. Not only does your body weaken over time, the cost of health care also increases. You might end up spending more than the usual. Health care insurance cost also rises if you are at a certain age.

The good thing is that there are ways for older people to maintain a healthy lifestyle without blowing their budget up. Considering that most seniors don’t have a stable source of income, it becomes even more challenging. You might be the only one who can help them live a healthy and active lifestyle. You should do whatever you can to make their lives longer and more satisfying.

Here are some tips to maintain a healthy lifestyle among older people without spending a lot of money. This is something that needs immediate attention considering their age.

Organic food delivery

Most old people couldn’t do difficult physical activities anymore. Cooking is one of them. It is a laborious process that takes a lot of time and effort. The good thing is that food delivery has become a lot easier these days. They don’t even have to order the food. You can order it for them. The food will simply be delivered to where they are and they can start enjoying a healthy meal.

Create a mini gym at home

Older people no longer have the capacity to go to the gym frequently. They can just stay home and do exercises at home. It helps if you buy them the best home exercise equipment for seniors. They can easily do exercises without leaving the house. The equipment doesn’t have to be expensive. There are more affordable options for you to choose from. Just make sure you teach them how to use the equipment to avoid injuries.

Cook for them

From time to time, you should visit them and try cooking for them. By then, they won’t have to rely on unhealthy food options. You can easily provide them with everything that they need in terms of nutritional value. Yes, you can’t do it all the time, but you should at least give it a try whenever possible.

Get good health insurance

At their age, it would be difficult finding affordable insurance. This means that you have to keep searching and comparing the options available until you can find one that is affordable. Just make sure their health is not compromised. Some insurance companies don’t cover pre-existing conditions. If they have medical issues, this is not a good insurance policy to take. The insurance should at least give free regular checkups and maintenance for their health problems.

Fill the fridge with healthy food choices

This is a good way to ensure that even if you are not around, they can still eat healthily. Just stock the fridge with fruits so they can eat something healthy whenever they are hungry. Remove anything that would tempt them like desert or preserved goods. For seniors who can still cook, make sure that you fill the fridge with grocery items that are healthy.

Create a list

Giving them the opportunity to stay fit and healthy is easy. The only problem is that they might not remember everything that you say. Write them down to avoid facing this problem again. You can call them every now and then to check their condition. Don’t give up just because you feel their hatred at your goal of eliminating almost everything they love in order for them to stay healthy. At this point, you have to be more forceful to keep them away from diseases and lengthen their lives.

It’s possible

It might be a challenge dealing with older people at first, especially if they are already too grumpy. They don’t want to change their lifestyle. They don’t want to eat healthily. They also don’t want to hit the gym. You need to be consistent in telling them what they have to do. You should also find ways to avoid blowing health care cost.

It might seem impossible at first, but it can be done. You will realise that with proper research and forceful reminder, you can make them change for the better.

Also read: Use These 5 Cost Cutting Tips for Your Home

Jan
5

Use These 5 Cost Cutting Tips for Your Home

It feels bad to know that each month, the amount you earn is just enough to pay the bills. There are times when you can barely make ends meet. You rarely have family vacation or even enough money to take everyone for a nice dinner outside. This has to change and there are a few things you can do to reduce the overall cost at home. Here are some of the tips that you can follow.

  1. Use public transportation. Considering the cost of gas and the maintenance cost of driving a car, it is in your best interest to use public transportation instead. This is true especially if only one person is leaving the house and you are going to a nearby place. You can see the difference in how much you spend for transportation each month by using a public vehicle and using your car.
  2. Sell unused items. Take some time off to clean up your house. You might be surprised to find out that there are actually a lot of things that are valuable that you no longer use. Collect them all and sell them through a garage sale or perhaps put them up online.
  3. Install LED Lights. These lights are energy savers. Compared with other lighting options, you will save a huge amount of money by using LED lights. They are also expected to last longer. This means that you don’t have to keep replacing them.
  4. Cancel unnecessary memberships. If you don’t go to the golf club that often or you don’t dine in a fancy restaurant, then let go of the memberships. Who cares about the discounts if you are not using the place anyway? It will just be added expense on your part.
  5. Use a gas range. Instead of using electric cookers, you can use gas range instead. It lasts longer and it can also provide heat in the same way as other cooking devices. You can check out the best gas range reviews for 2017 and find out which of the options available would be perfect for you.

Try implementing these tips and see the changes.

Oct
24

Getting Fit on a Budget – Should You Invest in a Home Gym?

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Hitting the gym is a great way to achieve your fitness goals. There are two main problems though. First, you spend a lot for gym membership fees. Another problem is time. You are so caught up with your job and you always end up having no time to drive to the gym and exercise.

This brings you to the idea of investing on a home gym. Is it better if you retain your gym membership, or would you rather bring the equipment home?

Advantages of gym membership

Although being a regular gym member requires you to spend money, the truth is that it is way cheaper than investing on the equipment. Those machines that you see inside the gym cost hundreds upon thousands of pounds. This does not even include the maintenance fees. It is also more fun if you hit the gym with other gym members. You can speak with them while taking a break. You may also be inspired by those who have already achieved their fitness goals. If you are unsatisfied of your chosen gym or you think they have limited equipment, you can always look for other options.

Another advantage of working out inside the gym is the presence of gym trainers. If you have just started your weight loss techniques, it helps a lot if there is someone who will guide you. Take note that even if you exercise often if you are not doing things right, you can’t see great results. Most of all, gym membership also entitles you to various amenities. This may include steam shower, Jacuzzi, sauna and massage services. You can get them elsewhere, but the price is higher.

Investing in a home gym

The main advantage of having your own gym is that you can exercise any time you want. Even if you have reached home really late, you can still exercise. Even if you feel really lazy, you know that the gym equipment is just within reach so you are motivated to exercise. You won’t procrastinate or look for excuses since you literally don’t have any excuse. You also need not drive elsewhere. Everything you need is at home.

Another advantage of having a gym at home is that you won’t be confused in operating the machines. There are no wires and cables that you have to regularly adjust since you are the only person using them. You also don’t have to worry about hygiene. This could be a bit of an issue though especially if you are using the gym along other people who don’t necessarily pay attention to hygiene.

In order to have a gym at home though, you need to have enough space. There should be an empty room where you can keep the equipment. You can’t just place them all inside your living room, as they could really look messy. The next thing that you need to consider is your budget. If it is not an issue for you, then buying the necessary equipment won’t be a problem. The best way to find out what type is best for you is by reading home gym equipment reviews. These reviews highlight the pros and cons of each one and can tell you how much space (and money) you would need.

Your choice

Ultimately, it is your choice on whether you will be a gym member or you will buy the equipment that you can use at home. The best advice though is to invest first on equipment that you can afford. Weights for instance are cheaper. They may also be sold individually instead of set. Weights are essential in building muscles for faster metabolism. If you can save more money, then you can start investing on bigger equipment. There is no need for you to hurry things up. You can gradually build your gym at home up until you are fully satisfied. In the meantime, you can continue your gym membership. You should also keep attending fitness classes such as Zumba and boxing. They are more fun if done with other people.

The point is that whether you hit the gym or buy the equipment, you need to exercise. There is no point in invest on the equipment or being a member if you don’t do anything to achieve your fitness goals.

Also read: Economics And Finance, Are They Same?

Oct
24

Top Tips for Saving Money in Your Home

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There are instances when no matter how you try to make ends meet, you just can’t. You always end up with more expenses than what you earn. This is not a problem though. You could make a few adjustments so you don’t have to come short the next time around.

1. Stick to the plan.

One of the biggest problems when people create a budget plan is that they don’t follow through. They have a detailed plan where they are able to fit in their expenses with the income. The problem is when they start buying stuff; they end up spending for items that are not on the list. This is why you have to stick with the plan no matter how tempted you are to buy other things. You should make sacrifices or plan to buy other things the next time.

2. Let go of useless memberships.

Check your monthly memberships and subscriptions and determine which of them are no longer used. For instance, you might have a golf club membership even if you are not regularly going there. You might also subscribe on a magazine that you can easily check online. You need to cut expenses whenever possible. It might be difficult at times especially if you are used to those things, but you have to make the necessary changes to make ends meet.

3. Be careful in buying items on sale.

It might be easy for you to be tempted to buy items on sale. The problem is that you are forced to buy items that you don’t really need. For instance, you might end up buying a bigger bottle of heavy milk just because of a 10% discount even if you only need a smaller one. Make sure that you understand your needs first.

4. Use induction hobs.

Electricity bill is where a huge portion of your income goes. There are ways to reduce your expenses though. One of them is using the best induction hob for your cooking needs. In cooking for example, this technology allows you to not use fire. It is just a flat surface where heat is immediately spread. This means that you use less electricity. Imagine how many times you cook in one day and the amount of electricity used. This could be cut in half with the use of induction hobs.

With these tips in saving, you can soon have enough for all your home expenses.

Jun
19

Think Twice Before You Spend!

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The data from social media is an increasingly valuable resource for all corporate personals. This may range from the celebrity experts who tweets the changing markets to the annoyed consumers penning down on Facebook walls. Most of the important insights in the business sector are updated and displayed on the social media which would lead to the basic know-how of the secret trends in share broking. The information highlighting their brand, competitors, adverts or campaign are all allowed to monitor so as to channelize your business to higher levels.

Banks are capable of estimating the market fluctuation according to the situation prevails via social media. Everyone in the industry undergoes hassles with that of the changing economy. Inflation and Unemployment are the root factors that define a nation’s economy. The proportionality between labour market statistics and inflation determines the financial doctrine of a country. Regardless of whether you are employed or not, the balance of income and expenditure is necessary to meet both the ends of your home. Low-interest rates had been backed by the government which was the major cause for an increase in borrows. A comprehensive approach should be made while creating a spending-borrowing agenda.

Low-interest rates are often reinforced by the government to reduce the lending and promote reinvestment to the economy. It is obvious that your assets will have a long term value only when the stability of the economy is maintained. Hence, the practice of borrowing should be in check and invest cautiously. The fluctuations with the interests and the government control may eventually make you run out of your budget. Avoid extravagance, which means squandering a car, or buying a new home based on low interest will lead to debt. During these periods, make wise purchasing decisions which depend on income and the value of your assets in future.

Thus, low interest means that it is the relief from those shoot up bills and potential to recover the debt rather than giving out more money.

Read More : A Sound Decision For A Sound Future

May
23

A Sound Decision For A Sound Future

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All of us wish to be devoid of debts or liabilities. We wish to retire early with at least 10% of your income reserved. We dream to have a new home or car or send your children to the top Universities to study. But the challenge is to convert these intentions to practice with your framework of budget planning. Your future financial fitness is the result of the financial decisions that you arrive in your life.

Chances of success for financial fitness depend on your plan and scheduling of the budget. Do little calculations, which will be worth at the end. Find out the assets and liabilities, make a cross verification with that of your income. The net worth measures your monitory status where you should begin your budgeting. Calculations will be more successful if you do it with regard to the time. Plan ahead with flexibility. Each month is crucial and expect an additional expense which does not meet with your schedule, say for example an emergency situation occurred like medical or accident. So the plan should be flexible to cope up the situation.

Remove filthy expenses, and keep your savings as a priority. Categorise the income into alimony, bonuses, child support, disability benefits, interest and dividends, rents and royalties, retirement income and salaries/wages. Your expenses fall under child/elderly care, liabilities, education, recreation, food and housing, medical/healthcare including insurance, personal, special events, transportation and utilities.

Do not allow life-style inflation haunts your plan. To explain further, as you go ahead and excel in career and profession, you will have an increase in income where there is an increase in spending. Life style inflation will deter your financial health in the down roads, piling you with debt. Being professional, it is obvious that you need to consistently upgrade yourself with that of the peers. Over the time or as your family grow it demands to add more quality to life. Unless you have ample resources, you should always keep an eye on your needs and wants.