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Debt and financial stress can make you feel like your head is about to explode. You might be overwhelmed by how much money you owe or frustrated that your income needs more to cover all your bills.

But debt and financial stress aren’t just about numbers; they’re about how we feel about ourselves, our relationships, and our lives. It’s important to know that these feelings are expected—and there are ways to cope.

“Debt and financial stress are serious matters. They can have a big impact on your mental health and your life in general, so it’s important to understand what debt is, why it’s important to pay off debt, and the effects that debt can have on you,” says financial management expert Shane Perry from Max Funding.

Here’s how debt and financial stress affect your mental health:

1. Debt Causes Anxiety And Depression

Being in debt is stressful. When you have a lot of debt, thinking about how you’ll pay it back can be overwhelming.
The sense of being overwhelmed can cause you to feel anxious about your financial situation. If this feeling persists for too long, it can lead to clinical anxiety or depression.

2. Debt Can Lead To Low Self-Esteem

People in debt often feel like their self-worth has been lowered because of their inability to pay off debts, which can cause them to feel even worse about themselves than they already do. Being in debt leads people to develop low self-esteem and even more anxiety.

Ways to Cope from Debt and Financial Stress

Having debt and financial problems is indeed problematic and can lead to mental health problems. But there are always ways to cope; here are some ways:

1. Recognise That Debt Is Affecting Your Mental Health

It’s normal to feel stressed by debt, but when it starts impacting your day-to-day life and relationships, it’s time to step back and look at what’s happening.

You may need professional help if the problem worsens or interferes with school or work.

2. Take Care Of Yourself

Mental health problems can make it hard for you to exercise or eat well, but these things will help keep you healthy and robust and help manage stress.

Try taking regular walks or doing yoga in the morning before work—it’ll help clear your mind and give you a sense of control over something small in your life.

3. Get Organised

Start by determining exactly how much debt you have, the interest rates, and the minimum payments.

This method will help you understand your situation better and make a plan based on reality rather than fear or anxiety.

Breakfree from Financial Stress and GetMore2Life

Financial stress is a common problem that can seriously impact your mental health. If you’re overwhelmed by debt and financial stress, it may be time to take a step back and get some help.

GetMore2Life offers business opportunities for wealth, health, and lifestyle growth.

Get in touch with us today and let us know how we can help you start your journey through financial growth.

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