It’s True: Financial Problems are Linked to Poor Mental Health

It doesn’t take a genius to understand that financial stability is strongly linked to a healthy state of mind. Although it is true that money can’t buy happiness, we all know that if we have enough money to take care of our basic expenses with something left over for pleasure, it creates significantly less stress.

WHAT DO STUDIES SAY?

There is plenty of science to back up the claim that money problems can cause mental health issues. For instance, the UK-based Royal College of Psychiatrists conducted a study that found that half of the subjects who had debt were more likely to suffer from anxiety and depression. This makes perfect sense, of course. When a person is constantly struggling to make ends meet, the uncertainty can become too much.

SHOW PATIENCE AND NOT PANIC

If you are having money problems, rest assured that you are not alone. The good news is that there are many sound strategies that will help you confront and solve your financial issues. The important thing is to show patience and not panic. If you are experiencing difficult times, check out our suggestions. We lay them out step-by-step, which allows you to formulate a plan to become debt-free for the rest of your life.