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Hill And Valley Fund - A Savings Plan For Full-time Fitness And Business Professionals

If you own a fitness business, you might want to consider getting a hill and valley fund. What is a hill and valley fund? A hill and valley fund is the concept of financial guru Dave Ramsey in which one builds and saves money during the time of abundance with an irregular income. This time period is a hill. When you are not making enough money to meet your expenses, which is a valley, then you have the hill and valley savings account to help you out.

As a fitness professional with a personal training business, valleys can happen unexpectedly and during certain times of the year. In Chicago, August and December can be slow training months. August is a vacation month for families before the kids go back to school and of course, a lot of people stop training during the Christmas and New Year holidays.

 Last May, seven of my clients had life problems which caused them not to train with me for one month which meant I had no money coming in. This caused me to dip into my emergency fund which is only for true emergencies. 

 I didn't know what to do until I heard the Dave Ramsey show about the hill and valley savings account. I started building a hill and valley savings account in September. I will add to my account when personal training hits its peak during the months of January, February, and March.

Savings Tracker

If you have a fitness business or any business, you might want to start saving for your hill and valley savings account in 2020 and beyond. Below is a savings tracker one can download upon purchase. Download it today to get your hill and valley fund rolling as soon as possible.
*Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.

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Comments

  1. KookyRunnerJanuary 1, 2018 at 10:55 AM

    Really great advice! I am not a fitness professional (I have an office job) but I take a portion of every paycheck and put it into my savings account. It's nice to know I have that cushion in case an emergency pops up.

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  2. FarrahJanuary 1, 2018 at 1:21 PM

    I'm not a fitness professional, but this is really useful information! I'll have to pass it along to my friends who do happen to own fitness businesses!

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  3. Deborah @ confessions of a mother runnerJanuary 1, 2018 at 1:37 PM

    I have not heard this term before but really great idea for everyone!

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  4. Wendy at Taking the Long Way HomeJanuary 1, 2018 at 3:17 PM

    I'm glad to know there is such a thing--I always feel guilty when i cancel on my coach, so It's good there's a safety net!

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  5. The Accidental MarathonerJanuary 1, 2018 at 4:06 PM

    I own a business that I run from my home, and the work is episodic, which has forced me to utilize the hill and valley strategy. My busiest times are the spring and the fall, but there have been times when I was busy year-round. I still work at a "regular job", and while it's only part time, it gives me a steady income throughout the year.

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  6. CocoJanuary 1, 2018 at 4:08 PM

    That's a great idea -- hopefulyl your income evens out over the year so you can budget too.

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  7. Janice @ Mom On The RunJanuary 1, 2018 at 4:21 PM

    Solid advice! I need to adapt this approach. I save $50 a month towards "fun" expensive things and only allow myself to book the fun things (this year a trip to Punta Cana) when I save enough. I should look into saving more during the months when my expenses are lower - great idea!

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  8. UnknownJanuary 1, 2018 at 6:59 PM

    Great idea! Didn't know something like this existed.

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  9. Angela CamposJanuary 1, 2018 at 9:17 PM

    This is such great advice! I will definitely check this out!!

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  10. Anna @ Pipers RunJanuary 2, 2018 at 12:17 PM

    That's a really great idea. And concept that could be for non fitness professionals as well.

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  11. Clarinda @ Enjoying the CourseJanuary 2, 2018 at 6:20 PM

    Such a great idea for people with irregular income!

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  12. Kathryn @ Dancing to RunningJanuary 3, 2018 at 4:58 AM

    This is a really great concept for people who don't have a regular paycheck. As a teacher I only get paid 10 months out of the year, so I utilize a similar idea and put aside X amount each month in a separate savings account, from which I "pay" myself during the 2 months that I don't get paid by my school district.

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  13. Debbie PSeptember 25, 2019 at 6:09 PM

    I am going to show this article to my cousin tonight. Thanks for the great info.

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  14. Angela DukuOctober 25, 2019 at 7:51 AM

    Guess I have learned something new today about what a hill and valley saving fund means

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