Staying healthy seems like a punishment to many until it’s accompanied by a chance to win 200k.
Since both cost savings and staying healthy are desirable but challenging aspects that impact your financial well-being, several approaches can be employed to ensure both are achieved smoothly without ruling out the other.
Here are some of the approaches to staying healthy and earning 200k in cost savings and as additional income from various incentivized wellness programs.
- Insurance discount
Insurance premiums are periodically deducted from your income to make it easier to pay medical bills in the event you become ill. Some insurance providers promote healthy living among their clients to reduce the cost of claims. Customers who stay healthy benefit from discounts on premiums payable or cash rebates. Some insurance providers give up to 15% reimbursement to clients who exhibit healthy living on their medical records and activities.
- Wellness challenges paid
There are several wellness challenge apps on the market that promote healthy living by incentivizing the entire process using financial rewards. Subscribers commit to a program and set a goal that, once achieved, will be paid for in cash and cash equivalents. However, if the subscriber fails to reach the goal, for example losing 500 calories in a week, the app deducts an agreed amount from their committed funds. This approach provides both positive and negative motivation to promote healthy living.
- Alternative training
The average cost of a gym membership approximates $ 58 per month, not including additional charges such as the enrollment / initiation fee and other additional costs. That translates to roughly $ 1000 a year, depending on the location. Earn this $ 1000 by using alternative exercise regimens with equipment that is freely available at home or participate in outdoor activities and freely access public facilities.
- Bike to work
Average travel time and cost in the United States is $ 10 and 25 minutes, respectively. This translates to an annual cost of $ 2,600. Cycling to work not only eliminates this cost, it also gives you an extensive 50-minute mental and physical workout to and from work.
- Go vegetarian
You can save up to $ 25 a week or $ 1,200 a year by omitting meat and meat products from your meals. Not only does increasing your veggie intake help you stay healthy, stopping meat also improves the “health” of your wallet through cost savings.
- Become a friend of technology
Wearable devices and smart watches have built-in healthy living apps that record physical activities such as walking, heart rate, calories burned or added, etc. This data can be synced with other stakeholders, such as retail stores and businesses that promote healthy living, and the user earns points that are converted into cash discounts redeemable in the store.
It’s literally worth it when you stay active and healthy, and within 1-2 years of staying healthy you can earn up to 200k. Staying healthy and being physically active saves you money in the long run (pun intended).
