Financial education can help you get out of debt and stay away from depression and anxiety. Does money bring happiness or not? It depends on how we relate to him, right? But, and the lack of money or the lack of control of our financial life, can they make us sick? Depending on the situation, debts and health problems can go hand in hand, especially if you can’t think of a solution to solve. Find out why living in the red can compromise your peace and well-being.
Why do debts interfere with our mental health?
Debts can become a problem when they get out of our control. Just delay the first installment of the car or pay the minimum of the credit card bill and our nights sleep will go down the drain. In the following month, the amount due ends up multiplying with so many interest rates and fines. Pushing with the belly can make us get into a much more serious situation. When this happens, sensations such as stress, irritability, discouragement, fear and sadness become part of our days.
To end them, it is necessary to eliminate the root of the problem. However, depending on our ability to deal with these tensions, we may develop depression or anxiety. These diseases, in most cases, prevent us from seeing clearly the ways to end debts. That is why, if you are going through a difficult financial phase, it is important to first analyze how you are reacting to it. It is important to identify what are the signs that can indicate whether your health is at risk.
What are the signs of debts and mental health problems?
Having too many debts can cause you to lose or increase your appetite. Another sign that indicates that your mental health may be compromised is the famous insomnia. Guilt, shame and low self-esteem are also symptoms of debt and health problems. Our head doesn’t seem to react and the tendency is just to see the obstacles on the way, as if we are stuck in a maze. The consequence of this is the lack of productivity at work and even difficulty in living with family members.
It is not for nothing that fights start to arise over money, divorces, dismissals and isolations. Some people may even develop behaviors that lead to alcoholism, smoking or shopping compulsion.
Can debts hinder our physical health?
It is not just the mind that suffers from the consequences of debts and health problems . The body also shows signs that things are not going well. In this case, problems related to high blood pressure may arise, for example. In addition to them, we may end up developing gastritis, ulcers, allergies, dermatitis, digestion problems, migraines, among other diseases. Regardless of your reaction, it is important to have help to cope and get out of this situation.
How to solve problems with debts?
The feeling of dealing with a messy financial life is not pleasant. As difficult as it may be, there is always a way out of rock bottom. You need to start with the first step. It is step by step that you will pay off your debts. There is no point in wanting to put the cart in front of the horse or giving up altogether thinking that there is no solution for your case. There is always a way to solve it and we will explain how.
Analyze your debts: Don’t be afraid. Face the monster closely and put everything on the tip of the pencil, no matter how scary the result.
Renegotiate debts: Start with the ones that charge the highest interest rates. Don’t be afraid to ask for discounts and negotiate, either with the bank, the clothing store, your child’s school, among others.
Ask for an online loan: In this type of loan, depending on your financial profile, you get good payment terms and lower interest rates.
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This means that the chances of getting the amount you need and with the installments that fit in your pocket are greater. Visit our website to find out how safe and fast it is to apply for an internet loan from a trusted website.
Rearrange your expenses: As soon as you pay off your debts, be very careful not to start spending more than you can. Reduce credit card limit and cancel overdraft. In addition, reduce your internet bill, save water and electricity and plan your expenses. Take the opportunity to study more about financial education.
Earn extra income: Take advantage of a skill you have to earn money. It can be giving private lessons, taking care of pets of those who travel, playing at parties or events, writing articles, among other possibilities. Take care of your psychological: In addition to money, you need to learn to manage your mind to relieve stress. This can be done with daily walks, leisure time with the family, through a psychologist, among others.
Remember that nothing is more valuable than your health and well-being
Therefore, it is important to think a lot before spending money, especially with things that do not provide financial returns. When you start to manage your money better and insert financial planning into your life, it will be much easier to avoid or get out of debt before you get the rope around your neck.