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Adjusting Your Lifestyle for Financial Security

Financial Security lifestyle

As the end of one year draws to a close and the beginning of a New Year is soon to arrive many people are thinking about ways that they can change their lifestyle to help them become more financially secure.   Some individuals start out with their New Year’s resolutions with great enthusiasm and they soon drift away from these, and they find themselves back into their own patterns.

At the same time many individuals are sick of being cash strapped and are becoming more proactive in ways that they can become more financially stable, which in turn helps to lift the daily pressures off of them.

One of the biggest areas that a lot of money is spent in the average family is on entertainment.   The focus here should be put towards finding entertainment that comes with no cost, which one has to admit that in this day of age that’s pretty difficult to do. However, looking in the local newspaper and checking out what is going on in your community often will open many doors for free entertainment.   It provides a good social platform for the kids to enjoy aside from it being technology based such as with their smart phones, the TV, or video games.

Something that many of us are getting away from is just merely taking the time to relax and read a good book. If you really want to bring both worlds of technology together and the old-style form of entertainment of reading, there is common ground that you can reach here. There are some great inexpensive E- readers which is the way to go for reading  books now, which will also feed the hunger for the technology ,but also satisfy you as a parent and encouraging more reading.

The next big lifestyle change that can take place is eating better and including more exercise and this actually can help with the pocketbook as well.  With the busy lifestyle we tend to rely a lot on fast foods and eating out which is far more expensive than making a meal from scratch with good wholesome foods.

Another one of the repercussions of a poor diet is it often leads to being vulnerable to many different types of illnesses and even colds of flus which in turn is hard on the pocketbook when you have to pay for prescriptions.

Finally another very simple about most important lifestyle change is getting enough sleep and this is applicable to the entire family.  For the younger generation they seem to be getting their days and nights mixed up where most of their activity takes place at night and their sleeping is done during the day whenever possible. This often becomes erratic and again leaves to the potential for poor health which can end up costing money.  For those that that managed to get enough sleep on a proper schedule they find that they are far more productive and this spills over into the working world.  These are just a few but simple lifestyle adjustments that really can have an effect on one’s financial security

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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
M3H 2S3

Telephone: (416) 398-1700
Fax: (416) 398-6226

Chartered Professional Accountant, Chartered Accountant, Licensed Public Accountant

Email: sam@torontoaccountant.ca

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