Financial Wellbeing

Budgeting and managing ZNMD Lifestyle with Lagaan Taxes

December 12, 2022
The Wellness Tribe Team
Budgeting and managing ZNMD Lifestyle and Lagaan Taxes

Striking a balance between lifestyle expenses and taxes can be difficult, but it is essential. On the one hand, you want to enjoy a comfortable lifestyle and have the financial resources to pay for the things you need and want. But, on the other hand, you also want to minimise your tax burden and keep as much of your hard-earned money as possible. 

This often requires spending money on things like travel, hobbies, and other leisure activities. However, paying our fair share of taxes is also important, as they help fund essential services and infrastructure that benefit society. So is there a way to achieve a perfect balance between these two? Let's explore how you can strike this perfect balance in this article. 

Stick To Your Budget

‍Stick To Your Budget - Balancing the Finances Managing ZNMD Lifestyle and Lagaan Taxes
Photo by Austin Distel on Unsplash

One way to strike a balance between these two competing priorities is to create a budget and stick to it. This can help us to keep track of our spending and ensure that we are not overspending on lifestyle expenses at the expense of our tax obligations. It can also help us prioritise our spending and make sure we spend money on the things most important to us.

By setting priorities and being mindful of your spending, you can simultaneously avoid overspending on unnecessary expenses and reduce your tax burden.

For example, consider contributing to a retirement account if you are trying to save money on your taxes. These contributions can be deducted from your taxable income, which can help reduce your tax bill. Additionally, you can take advantage of other tax breaks and deductions, such as the earned income tax credit or the child tax credit, to further reduce your tax burden.

Be Mindful of the Tax Implications

Another way to strike a balance is to be mindful of the tax implications of our spending decisions. For example, certain types of expenses, such as charitable donations or education expenses, may be tax deductible, which can offset some of the tax burdens. As a further benefit, tax-advantaged savings and investment accounts can help you save for the future and reduce your tax liability at the same time.

Cut Back Where You Can

‍Cut Back Where You Can - Balancing the Finances Managing ZNMD Lifestyle and Lagaan Taxes
Photo by GoodNotes on Unsplash

Another way to balance lifestyle expenses and taxes is to carefully review your spending and identify areas where you can cut back. For example, evaluate your monthly payments and look for ways to reduce your spending on things like groceries, entertainment, and transportation. By cutting back on these expenses, you can free up more money to put towards your savings or investments, which can help reduce your tax burden.

"Financial well-being is not just about having a lot of money; it's about having a healthy relationship with money and feeling financially secure." - The Financial Diet.

Identify Ways to Increase Income

You may also want to consider ways to increase your income. For example, you could take on a part-time job or start a side hustle to earn extra money. This additional income can be used to pay off debt, build up your savings, or make investments that can help reduce your tax burden.

This can be challenging if you have multiple sources of income and a complex financial situation. However, by using tools like budgeting software or apps, you can track your spending and income and see where your money is going. This can help you identify areas where you can cut back on your expenses. 

You can learn all these things in a financial wellbeing program if you struggle to keep track of your expenses. 

Closing Thoughts

Overall, striking a balance between lifestyle expenses and taxes requires careful planning and a willingness to make trade-offs. Our WellnessTribe Expert, Usha Mallya, a financial planner and advisor with KPMG, gives us some helpful tips above to start our new year.

Corporate Wellness

Desk Duty: Why Sitting Can be as Deadly as Smoking

October 28, 2022
Dr. Nikhil Latey
Desk Duty: Why Sitting Can be as Deadly as Smoking

Motion is lotion, isn’t it? Sitting isn't part of our design. You may not think of your office chair or the couch you enjoy binge-watching on when you think of something that might pose a health risk. When you sit for long periods of time, the body deteriorates, according to Dr Joan Vernikos, author of Sitting Kills, Moving Heals.

How Sedentary Are We?

Around three million avoidable deaths are caused by physical inactivity each year (6% of all fatalities). Among noncommunicable illnesses, it is the fourth leading cause of death.

The following studies demonstrate how sedentary we are:

  • According to PubMed Central, 52.1% of participants in the study were not physically active. Studies conducted in India and abroad have reported similar findings. 
  • It was reported that 56.8% of participants in a study conducted in Punjab, India, were not sufficiently active as recommended by the WHO. 
  • According to data from the Indian Council of Medical Research study, Chandigarh has a 66.8% prevalence of physical inactivity.
  • According to a study, 49.7% of adults in southern India were physically inactive.

Sitting and Exercising

Sitting Is the New Smoking
Photo by Gabin Vallet on Unsplash

Marathon sitting sessions cannot be negated by exercise. Lifestyle fitness, whether it is exercise in the gym, running, yoga, pilates, or another form of exercise, will not make you healthier if you sit for long periods of time. Instead, you are more likely to live a happy healthy life if you sit less during the day.

Sitting for Long Periods of Time.

Sitting for long periods of time can actually alter your metabolism. Sitting for just 30 minutes slows down metabolism by 90%. The large leg and gluteal muscles can weaken and waste when sat for long periods of time. 

With weak glutes, the legs are less stable and have less power. If you sit consistently with poor posture, it can also result in back problems. Even your sciatic nerve, which runs from your lower back to your toes, may be irritated by the back, hip, and buttock muscles together.

When you spend a lot of time hunched over a keyboard, your neck and shoulders can become stiff and painful. As you do this for hours and hours, you reduce your flexibility and movement, straining your neck and upper back muscles.

While scrolling through social media on their phones, people sit in compromised postures that can be detrimental to their rotator cuffs, wrists, and forearms.

Heart Health and Sitting

Sitting Is the New Smoking
Photo by Jon Flobrant on Unsplash

Heart disease is more likely to develop if you sit for a long time each day. Diabetes type 2 and obesity, two major risk factors for heart disease, can be caused by sitting, which can lead to insulin resistance. In addition, during a heart attack, the blood flow slows down, which causes the blood vessels to accumulate fatty acids.

Heart disease results from disruption of vascular function. According to a study published in the Annals of Internal Medicine, there is an independent relationship between prolonged sitting time and deleterious health outcomes, regardless of physical activity. 

You still have a risk of heart disease and death even if you clock in an hour of intense physical activity a day. This is especially true for those who work continuously without taking a break; therefore, companies are focusing more on employee wellness programs to assist them to build healthy working habits. 

"Sitting is the thief of health." - Steve Jobs

Depression and Anxiety

We don't understand the relationships between sitting and mental health as well as we do the ties between sitting and physical health, but we do know that those who sit more are more likely to suffer from anxiety and depression.

This might be due to the fact that those who spend a lot of time sitting lose out on the benefits of workout and fitness. If this is the case, getting up and moving may be beneficial.

Living a Movement-Based Lifestyle

Here are a few ways you can incorporate physical activity into your daily routine:

Make sure you take frequent breaks. After 30 minutes of continuous sitting, get up and move around

  • When possible, take the stairs instead of the elevator
  • Stop texting your colleagues and walk over to them instead
  • If you can, enjoy a short walk during your lunch break
  • Consider switching to standing and sitting-friendly height-adjustable desks. 

 You will have increased energy levels and endurance once you become physically active, and your muscles and bones will remain strong when you are physically active.

Final Words

It appears that stretching your muscles breaks up long periods of sitting, so strive to incorporate more exercise into your day. Every once in a while set a timer to remind yourself to get up and walk. Stand up while you're taking a call. You may want to consider an adjustable standing desk if you have a PC. Sit on a stability ball rather than an armchair while watching TV to keep yourself upright. Exercises to relieve joint pain are also recommended.

Corporate Kitchen Makeover

A Fresh Start: Reimagining Corporate Kitchens with Power8

July 2, 2023
Mohit Sahni
A Fresh Start: Reimagining Corporate Kitchens with Power8

As a co-founder of Power8, I've observed a significant, yet often overlooked, area that affects the health and wellness of employees: the corporate canteen. It's a truth universally acknowledged that good nutrition is a cornerstone of good health. 

Still, what happens when your work, an environment where many of us spend the majority of our time, doesn't support this critical aspect of wellness? That's where Power8’s Corporate Kitchen Makeover comes into play.

Ensuring a Healthy Foundation

Embarking on the journey of creating a healthier corporate kitchen, we commence with an in-depth, meticulous audit. This process isn't just a cursory glance over the pantry or a review of the vending machines. It's an extensive inspection that aligns with Schedule 4 of the FSSA, 2006, aiming to certify that the food served to your diligent employees is wholesome, safely prepared, and hygienically stored.

We do not take this responsibility lightly; we're fully aware of the trust you put in us. This process ensures we are meeting the required health and safety regulations, but more importantly, it is about acknowledging and addressing the crucial role nutrition plays in overall wellness, productivity, and mental agility in the workplace.

"Creating a productive and healthy workforce demands a systemic and sustained approach. It starts in the kitchen."

Setting the Path

Having established a solid foundation through the audit, the next stage in the Kitchen Makeover involves a two-day on-site visit by our dedicated team of experts. These specialists bring a wealth of experience in assessing kitchen layouts, raw material storage areas, food handling and preparation techniques, hygiene, and sanitation practices, and food transportation. Their knowledge and expertise in food safety standards and protocols are pivotal in this phase of the makeover.

Their role isn't limited to merely identifying areas of concern but extends to providing immediate actionable solutions to improve these aspects. By the end of this phase, we ensure the canteen, a vital place in the company, is a hub for wellness and positivity, while still complying with FSSAI guidelines and SOPs.

Investing in Skills

To sustain the changes implemented, we organize a two-day training workshop for food handlers and kitchen staff. We focus on imparting knowledge about the best hygiene and sanitation practices, assessing the quality of raw materials, and preventing food spoilage. Training also involves teaching ways to avoid cross-contamination - a major issue in large kitchens - and how to follow FSSAI guidelines and SOPs.

This training isn't a mere seminar or lecture but a hands-on, practical session. We believe that true learning comes from doing, and so, our training workshops are interactive and engaging, designed to instill best practices and provide a deeper understanding of why they are necessary.

Healthy Menu Planning

With hygiene and safety standards well implemented, the next phase involves the actual food being served - we start the process of healthy menu planning. We collaborate with your chefs, taking into consideration the current menu, the preferences of the employees, and the kitchen capabilities. Our aim is to subtly reduce daily calorie intake, without compromising on the taste or satisfaction of the meals.

We've learned that the secret to a successful health-focused menu is in striking a balance. It’s not about eliminating favorite foods or making drastic changes; it’s about small, sustainable shifts toward healthier choices. For instance, introducing whole grains in place of refined ones, increasing the portion of fresh fruits and vegetables, or using healthier cooking methods.

"The food you eat can be either the safest and most powerful form of medicine or the slowest form of poison." - Ann Wigmore

Weight Loss Challenge

To motivate employees to embrace these healthier food options, we facilitate a 5-week weight loss challenge, tracked through our app - PlanMyFood. This isn't just a competition to lose weight, but a holistic challenge that encourages employees to make smarter, healthier food choices, despite the busyness of their work schedules. This interactive challenge also brings an element of fun and engagement to the workplace, fostering a sense of community and shared goals.

Encouragement and motivation are critical when making lifestyle changes, and our weight loss challenge provides this in spades. Weekly check-ins, healthy recipes, progress tracking, and support from fellow participants make this a positive and motivating experience. The aim is to inspire long-term changes, transforming not just the corporate kitchen but the health and wellness attitudes of the employees.

Re-adjusting Daily Calorie Intake

Adjusting the daily calorie intake in the kitchen menu is the final touch in our Corporate Kitchen Makeover. The objective here is not just weight loss, but optimal health and vitality. By taking into account factors such as portion sizes, food groups, and timing of meals, we strategically redesign the menu to ensure that it's well-rounded and balanced.

This is where our expertise truly shines. Our knowledge of nutritional science allows us to develop menus that cater to diverse dietary needs and preferences. For instance, if your team contains a mix of vegetarians, vegans, and meat-eaters, we can design a menu that everyone will enjoy. In this phase, we also consider factors like dietary restrictions, food allergies, and specific nutritional requirements of your workforce.

Closing Thoughts

The Power8 Corporate Kitchen Makeover is more than a revamp of your canteen; it's an investment in the health, productivity, and well-being of your employees. By optimizing the heart of your workplace – the kitchen – we create an environment that not only feeds the stomachs but also nourishes the health and well-being of your workforce. 

With improved diet and nutrition, you'll notice a boost in morale, productivity, and overall workplace satisfaction, proving that when you invest in your employees' health, the returns are manifold. Remember, a healthier workplace is a happier workplace!

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This month we are focusing on food and how it affects your mental health. Join us as we bring in the most relevant interesting content from across the wellness segment.

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