Every time you stress about money, your whole body suffers, as well as your relationships with others. What do the experts say about this?
Financial stress is even more harmful than you might think at first glance. It doesn’t just mean an intense preoccupation with income and expenses, but spreads in all areas of your life.
Recently, doctors and psychologists have become increasingly concerned with how it affects us.
Financial stress is a widespread problem that brings feelings of anxiety, tension, worry and panic related to one’s finances and money-related situations.
Financial stress: causes
The major causes for the appearance of such a situation are: an inadequate income compared to expenses, the acquisition of a large volume of debts, living from paycheck to paycheck, lack of savings or insufficient funds for unexpected emergencies, poor financial management skills, the impossibility of pay an insurance and many others.
Financial stress is generally caused when there is a discrepancy between expenses and income. Recessions and economic crises can exacerbate these feelings on a larger scale. Major events, such as job loss, a health emergency, a car breakdown, or a stock market decline, also cause an increase in stress.
Unexpected shocks demonstrate how weak financial resilience is when there are not enough shock absorbers and protective measures. This, in turn, can have a profound impact on mental and physical health, including causing depression and, in severe cases, leading to suicidal thoughts.
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How your finances affect your mental health
Chronic stress, including financial stress, can lead to mental health problems such as irritability, sadness or feelings of hopelessness, depression and anxiety. Chronic financial stress can seriously affect mental health. It can lead to serious disorders, depression, substance abuse and can also increase the risk of suicidal thoughts.
How does financial health affect physical health
Stress can also lead to physical health problems, such as frequent headaches, high blood pressure, unexplained pain, changes in appetite, fatigue, heart disease, high blood pressure, and other stress-related illnesses. Stress taxes the body and impacts hormone levels in ways that initiate depressive symptoms.
How financial problems can affect a relationship
Financial stress can strain relationships, leading to conflicts, separations or divorces. Relational conflicts related to money add isolation from others. In the absence of an improvement, despair, the emotional tension of financial stress can lead to a severe depressive state.
How to manage your money and be more balanced from a financial point of view
How to deal with financial stress
1. Carefully analyze your expenses and then think of a realistic budget to put your finances in order. Seek advice from a financial advisor on debt matters, if necessary.
2. Find sources of income and additional resources through collaborations, investments and freelancing.
3. Do not neglect your health and choose to do those things that help you manage your stress level. Exercise outdoors, seek therapy and try to think positively, because that’s how you’ll find the solutions you need.
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With planning, resources and support, financial stress can be managed. Don’t hesitate to ask for help when you need it – you don’t have to go through this alone, no matter how hard it may seem. Family and friends are certainly ready to support you morally or even financially, to overcome the impasse. Put your health first and stop putting off finding solutions, because they will get you out of the dark situation that sometimes seems hopeless and will show you how good you will feel when you learn to manage economic resources efficiently.
Photo: freepik.com
2023-11-09 06:08:50
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