Bills coming in the mail every single day. Collection letters piling up. Too much credit card debts. Banks and law firms are calling 24/7. You and your spouse don’t talk sense anymore because you keep on fighting and arguing about these issues. You cannot eat. You cannot sleep at night and you cannot keep up with all the phone calls and emails. Business seems to be going nowhere but down or you don’t have job security anymore.
It is obvious that financial stress is one of the main reasons why many people’s health fail. Lack of sleep, overthinking, not eating on time and just having no time for recreation have a great impact on a person’s health. In this life, stress is really inevitable but if you won’t be able to manage financial stress and your personal finance, your health may be at risk. This can lead to heart attacks, strokes, sudden weight loss and other more serious health issues. It’s true that this may be caused by overspending, medical bills, family and others but it doesn’t change that fact that indeed, this financial stress is causing you depression, anxiety and even low self-esteem.
It may seem that you are in a hopeless situation right now and it is true that it can have a domino effect in other areas of your life. But letting yourself be stucked in this situation and not doing anything about it can drown you into a “debt-pool”. So now, you have to put yourself together again and face this problem.
Here are some of the things you can consider for you to manage your financial stress.
Clearing your mind can really make you feel relaxed and more confident in facing this stress. Make sure you take the time to clear your mind before facing a person or taking another call.
Find a mentor or a friend who have experienced being in the same situation
As they say, experience is the best teacher. Seeking guidance and advice from people who have been in the same situation can help you in dealing with the problem. They can give you advices or can even suggest ways and things that they did in order for them to escape the financial debt.
List all the people and credit card companies you are indebted to
Make a list of all the people you owe and interest bearing cards or loans that you have. You can categorize them into non-interest bearing and interest bearing. From lowest to highest. From there, you will know who to call. Some companies can even offer you debt restructuring in order for you to settle your debts to them in the most convenient way for you.
The past is past. All these are just part of your past that you have to settle and face today. All you can do is move forward and not let the mistakes of the past affect your health permanently. Something can still be done and all you can do is promise yourself not to commit those financial mistakes again. Remember, once our health is lost, it’s a bigger problem. Do not let financial stress pull you down, let it be a lesson you carry for the rest of your life.
Featured and 1st image by stockimages/freedigitalphotos.net
2nd image by Serge Bertasius Photography/freedigitalphotos.net