It’s True: Financial Problems are Linked to Poor Mental Health (3 of 3)
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HOW TO WORK YOUR FINANCES
If you want to avoid falling into financial ruin, it is important to make some very difficult decisions. But if you’re willing to stick to the plan, you will not only solve your problems, you will become a calmer, happier person mentally.
Ditch the credit cards – We know. This is not the easiest thing to do. It is very convenient to have a credit card, especially since it means you can buy now and pay later. But this is precisely what causes financial calamity in the first place. So get rid of the credit cards and either stick with a debit card or, better yet, just carry cash with you. People who use cash will always end up spending less money.
Make a budget – We understand that nobody likes doing this, but it is absolutely essential. You need to carefully plan how much you’re going to spend each month and stick to it. Not only will this allow you to spend within your means, you’ll have money left over to save for a rainy day.
It’s time to about your debt – If you’re in debt or very close to it, it’s time to talk to a professional money manager to help you deal with it. They will not only help you get out of debt, the end result will be peace of mind.
MOST IMPORTANTLY…
Whether your mental health issues are related to money or not, it is important that you get help. There are plenty of resources on the Internet and in your community to get you started on the right path. Remember that you are not alone!
