They say that money can’t buy happiness. In many ways this is true, but it is also true that financial problems, including poverty and debt, can create a huge amount of stress, unhappiness and misery. Therefore, making sure that you are in a healthy financial situation is important for your quality of life.
If you have been struggling with stress due to overwhelming debt, it is important that you understand the causes of this in more detail so that you can take action to resolve your debt, thereby improving your mental health and the quality of life of your loved ones. The following is an overview of Debt Stress Syndrome.
What is Debt Stress Syndrome?
There is an official name for the condition of suffering extreme stress due to your unfavorable financial circumstances. If you are struggling to concentrate, struggling with sleepless nights, and have seen a change in your eating habits, you may be suffering from Debt Stress Syndrome. This can have a huge impact on your life and even on your physical health going forward. You may also start to suffer from high-stress levels and diabetes, especially if you are turning to high sugar, high-fat foods as a result of your stress.
How can I address this stress?
The best way to address stress is to take positive action. Stress is the tension that builds up in your body, often because you are avoiding taking the positive action that you need to. Address the actions that you know you should be taking by writing them down. On another sheet of paper, write down the actions that you are taking as a means of avoidance. This could be eating junk food instead of calculating the true extent of your debt, or watching TV when you know that you should be looking for a job.
Going through financial struggles can be very difficult. If you have high debts and no obvious solution, you may want to consider filing for bankruptcy so that you are able to get a fresh financial start.