Weightlifter Wisdom Can Help You Get Out of Debt

By Lauren Turinetti | April 3, 2018

Weightlifter Wisdom Can Help You Get Out of Debt

The gym is not just a school of fitness — it’s also a school of life. Several of the thought processes and ideologies of physical fitness also apply to life outside of the gym, like your financial fitness. We’ve come up with four; how many others can you think up?

Have a plan

Just as a beginning weightlifter needs to start an exercise regimen carefully, so must a person in debt. Sit with a family member or spouse and map out an action plan for paying off your debt.

  • ‎Focus on getting the highest debts under control first.
  • Reach out to different companies that offer debt consolidation and see your options. This is available for student loans, credit cards, and other debts (National Debt Relief).

Supplement

‎Most fitness enthusiasts take supplements to enhance their weight training results. If you find it unrealistic to pay off debt, consider supplementing your income. Although challenging, it is possible to increase your monthly income (The Penny Hoarder). Think about your current skill set and what you could offer to other people. For example, if you are a teacher you could tutor for a few hours a month. A few hundred dollars every month could go a long way.

Shed weight to move more freely

Weightlifters seek to shed unnecessary pounds. People in debt can shed needless expenses every month as well. When was the last time you closely examined your debits every month? Consider these following examples:

  • Instead of eating out everyday for lunch, pack your own.
  • Get a better quote on your auto insurance.
  • Trim your cell phone and cable plans.

To max or not to max? ‎

Not all gym practices apply perfectly to your finances, however. For example, maxing out. Maxing out at the gym means lifting the heaviest weight you can, which is one of the best ways to get stronger. But applying this concept to spending is not a great idea. Constantly using your credit card and running high balances will set you up for disaster. It is unlikely that you will pay off a high balance quickly if you are already having financial issues. Go to failure on a set at the gym, not with your credit card (Lift Credit).

Just going to the gym can help you achieve physical fitness, practicing good money management “exercises” can help you achieve financial fitness. You do not have to be meticulous with every dollar you spend, just like you don’t need to be meticulous about every calorie or rep, but being aware of how you manage your wealth will help you reach your goals faster.

 

Crossfit Black Bear offers powerful solutions to help you reach your fitness goals. Look through our success stories to get inspired today!

SHARE:

Leave a comment
[yuzo_related]

Five Cross-Training Exercises that are Easy on the Joints

Cross-training can be a great way to add variety to your training. That being said, sometimes certain exercises can be painful. If you are working through an injury, or just starting up after a long break, it's important to find exercises that are good for your overall health, but not painful.
Read More

How Crossfit Can Improve Your Performance at Work

The favors are long and includes improved cognitive ability, higher happiness quotient, enhanced productivity, and the perks of feeling strong and looking good.
Read More

5 Reasons Exercise and Supplements Go Hand-in-Hand

Many people who exercise may wonder if exercising alone is enough to meet their health and fitness goals. Learn more about the benefits of supplementation and why it's recommended for people of all ages and backgrounds.
Read More

What Is Functional Fitness?

In the simplest explanation, functional fitness is a method of using functional movements to train for everyday life. In our gym, we combine that with a level of intensity to ensure we are achieving results and maintaining health.
Read More

The POWER of Positive!

Whether we know it or not, our mindset towards a workout and the thoughts we have before, during and after a workout affect our abilities to perform.
Read More
About

At CrossFit Black Bear we provide you with the tools, and knowledge needed to live a healthy lifestyle, both inside and outside the gym. Serving Orono, Old Town, Bangor and Brewer Maine! 5 minutes from the University of Maine (UMaine).

Contact
482A Stillwater Avenue
Old Town, ME 04468
(207) 631-6136
info@crossfitblackbear.com
Instagram
Instagram has returned invalid data.
© 2017 CROSSFIT BLACK BEAR ALL RIGHTS RESERVED | SITE BY WKD1

Pin It on Pinterest