If you are up to your eyeballs in debt, it will affect your health. Put simply, being in too much debt is bad for your mental health and poor mental health can in turn lead to poorer physical health.
Here are some of the ways debt can affect health:
You struggle to sleep
Have you lost sleep worrying about how to pay the next bill? A good night’s sleep is crucial to mental and physical well-being. A lack of sleep can leave the body’s defenses run down and less able to fight infections. It can also leave you more at risk of a mistake that ends in an injury when carrying out tasks that require focus, such as driving, or using a power tool.
You suffer from stress and anxiety
Maybe you are jittery every time the doorbell or phone rings because you think it might be a creditor or debt collector hassling you. This is no way to live. Perhaps you feel on edge every time you wait in line for the till in the grocery store. You know you have to feed yourself and your kids, but you dread the total the cashier is going to ring up. Living like this day after day can do immense harm to your well-being. It can also affect your work and relationships, as you will be unable to be at your best.
.Maybe you can get out of your debt by scrimping and saving, taking on another job or securing a better-paying one. Knowing you are making progress and reducing the debt can feel uplifting and give a much-needed boost to your health. If, however, you can’t then you might want to consider filing for bankruptcy.
As with many difficult situations, sometimes the hardest step to take is the first one. Doing that now, by finding out more about the bankruptcy options available to you could be something you look back on with pride as the point where your life and mental health took a turn for the better.
