Resolution #1 – Make 2020 the Year of Fiscal Fitness
Published on 1/2/2020
Happy New Year! Let the age old tradition of resolution-making begin. Simply google new year’s resolutions and you’ll be inundated with articles: “Let’s Kick Off the New Year Right – 55 New Year’s Resolution Ideas for 2020” or Good Housekeeping’s “45 Achievable New Year’s Resolutions for Healthier and Happier Living.” How about just one? Get Fiscally Fit in 2020. (Nope. We did not spell that incorrectly. Google it.)
Research indicates that finances play a key role in health and wellness. A recent study conducted on behalf of Bankrate found that more than half of Americans over 18 years of age lose sleep worrying about money.1 Lack of sleep can impact the immune system, affect hormone levels which could lead to weight gain, increase the risk of respiratory and cardiovascular disease and lead to mental health issues.2 On the flip side, an article published in an Association for Psychological Science, Healthy, Wealthy and Wise, indicated that people who saved for their future were more likely to have improved health behaviors than those who did not save.3
With numerous studies suggesting a link between finances and health, adding money goals to this year’s resolutions may up your fitness game in more ways than you expect. The challenge is to set clear attainable goals and measure your progress along the way, similar to a fitness routine.
Transforming your flabby finances into a lean, mean wealth machine doesn’t happen overnight. It takes commitment – time and discipline. So, if you’re ready to put in the work, we’re here to help on your journey to get fiscally fit in 2020.
STEP ONE: Follow Orlando Credit Union to gain access to fiscal fitness resources that will empower you to achieve financial health and wellness.