At one time or another, we have all felt the stress associated with financial problems. Worrying about money, bills and financial stability are common in our society, and it affects our health in a very negative way. The good news is there are things we can do to manage that stress.
A Stress in America survey, published in 2017 by the American Psychological Association, concluded that a troubling 62 percent of Americans report being stressed about money. That stress, it has been proven, puts them at a higher risk for lower-quality health. But there are several things we can do to manage the stress associated with financial strain.
We need to take steps to manage the stress brought on by our financial issues because this stress has been linked to the development of migraine headaches, cardiovascular disease, absences from work, insomnia, among other conditions. An article published in the journal Social Science & Medicine states that financial stress can negatively affect our mental health, and it contributes to depression and other mood disorders.
Additionally, a study published in the journal Diabetes Care found that people who experience stressful work conditions or money-related woes had an elevated risk for developing metabolic syndrome, a group of conditions that increases the risk of heart disease, diabetes, and stroke.
But these following these responsible and common sense steps can help you to manage the stress that comes from financial issues:
- Assess your current situation – identify behaviors that can be changed to improve your future.
- Identify your relationship with money – recognizing that money can’t guarantee happiness or security will allow you to move forward.
- Ask for help – there are many avenues for help including family, financial advisers and even financial institutions themselves
- Make a budget and follow it – make a realistic budget and then dedicate yourself to following it
Just as with managing physical pain, we should strive to take action on the actual problem instead of masking the pain. In the end, the “all-natural” solution that addresses the core issue is the best road to take.
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