Number 7 – Get Fit
About two years ago, I began a search for new term life insurance policies – one for myself and one for my wife.Â When the quotes started rolling in, I noticed something.Â Her premiums were lower – much lower – than mine.Â At first, I thought this might be because she’s a woman and I’m a man.Â I called an agent and asked why there was such a discrepancy, and he told me that it had much more to do with the fact that I was overweight, than it did with my wife being a woman.Â As a test, I ran a few more quotes, using my ideal weight, instead of my actual, and I was shocked.Â The premiums were reduced by more than 50%!Â Moral of the story?Â It pays to get fit.
Lower Insurance Costs
If you plan to purchase life insurance, disability insurance, or heath insurance, and you are not covered by a group policy from your employer, more than likely, the more in shape you are, the lower you premiums will be.
Lower Gasoline Costs
Back in July, Lazy Man wrote a very interesting post about saving money while driving – and he included a quick tip about how losing weight increases gas mileage.Â I’d never really thought about this, but after doing a bit of research, it looks like reducing the weight in an automobile by 100 pounds will reduce fuel costs by 2%.Â As some of you know, I also blog about weight loss, over at No. Calories Needed, and my ultimate goal is to lose (about) 80 pounds.
Lower Health Care Costs
When I write “get fit” – I usually mean “lose weight”.Â The truth is, obviously, that getting fit is about much more than simply losing weight.Â Here are two big time health issues that cost billions each year –
Smoking – If the fact that it causes cancer doesn’t deter you, perhaps the fact that it’s a very expensive habit will?Â At $3 a pack, per day, your habit costs you more than $1000 per year.
Type 2 Diabetes – From WebMD: Anyone can get type 2 diabetes. However, those at highest risk for the disease are those who are obese or overweight… My grandmother had diabetes.Â She had to learn to give herself shots, she was constantly checking her “sugar”, and she dealt with terrible pain in her joints and limbs.Â Diabetes is a debilitating, expensive disease.
Lower Clothing Costs
This one might be stretching it – (get it? stretching it) – but, as a big dude, I pay more for clothes than a skinny dude does.Â Well, I did, until last week when I moved down from 2X to XL shirts.Â That’s write, after losing more than 8 pounds, I bought a new shirt in the regular sizes department.Â Larger sizes, of the same style garment, cost more (at certain retailers).Â Losing weight not only reduces the cost of new clothes, it also makes those “one day I’m going to get back into these” clothes in the closet into “wow, these fit” clothes.
I’m sure that there are other benefits that I’m forgetting.Â Can you think of some more ways that losing weight helps us save money?