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Study Shows Link Between Frugality and Health

Your Frugal Self Could Be Your Healthiest Self

According to the results of a survey from financial planning firm First Command Financial Services, the upside to the recession isn't just a renewed focus on financial responsibility, it's an improvement in our health. Indicating that there's an unlikely link between health and frugality, survey respondents "said their frugal behaviors were making them healthier, while another 45 percent said at least a portion of their frugal behaviors were making them healthier."

With less fluid cash, many of the survey's participants revealed that they were spending less on eating out, buying alcohol and junk food. While the recession has encouraged cutting back on expenses, it's also spurred creative thought and solutions to costly issues. For instance, many opt to walk or bike to work to save on gas or other commuting costs, while others have started planting their own gardens as a solution to growing food costs. Still, some six percent of respondents indicated that their frugal habits had caused them to become less healthy. So, where do you stand? Has frugality helped or harmed your healthy habits?

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GlowingMoon GlowingMoon 6 years
Truthfully, I think being frugal contributes to my health. As far as being frugal, it's about being sensible about money, and not over-paying for goods or services. By the same token, I have that same approach to my health -- being sensible about eating, exercise, and not over-eating, not over-exercising (which in my case leads to injuries), etc. It's the same principle. I want to clarify that there's a difference between being cheap and being frugal. I'm not cheap. I'm just good with my money, and I get a lot of bang for my buck. Incidentally, when it comes to my family and friends, I am generous with my resources as far as gifts, treating for meals, etc.
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