Health Issues
Debt is proven to have a detrimental effect on individual’s health. A person who has received a mental or physical health issue due to debt also tends to become less able to handle their debt problems and therefore will experience a downwards spiral. One in six people have experienced debt related health problems.
Some common symptoms that might lead to debt related health problems are:
- Stress
- Low confidence
- Isolation
- Loss of sleep
- Short temper
- Irritation
- High blood pressure
- Anxiety
- Headaches
- Inability to concentrate
- Nausea
Debt leads to poor health for the individual concerned; it also puts pressure and huge demands on health staff. Being in debt usually comes hand in hand with having a very low disposable income. Not being able to supply a household with a sufficient amount of food and fuel can cause illness due to cold and malnutrition.
The aftermath of money:
- Fighting is more common among couples with an income over £45000.
- Single mothers in debt are at high risk to health problems because they will deprive themselves of nutrition to be able to feed their children.
- Parents with debt problems are more prone to bad parenting due to stress and depression from their debts.
- An individual who spends a certain amount on health products, exercise, and visits to the doctor can experience health deterioration when having to decrease personal expenses interfering with their regular health routine.
- Common mental disorders are prolonged under financial pressure.
- Financial troubles can lead to exceeding vulnerability during or post a major life change.
- Mortgage debts have increased males visits to GP’s
There are proven links between poverty and health issues and also definite connections between debt reliefs leading to health improvement. IVA-info-uk.org provides you with some tips on taking care of your health and well being while handling your financial situation.
- Keep an eye on all your income and expenses, this will keep your mind at ease and prevent the constant worry of finance miscalculations and overcharges.
- Don’t beat yourself up over your debts; you cannot change what has gotten you into financial trouble.
- Accept your debt situation and concentrate on finding a way out.
- Analyze your behaviour patterns; get rid of all procrastination and unhealthy perfectionisms.
- Eat healthy; you still have control over what you put in your body. If your body gets the right nutrition you will think clearer and handle your finances easier.
- Exercise and relaxation. Go for a long walk or run, followed by a bath. It will help relieve stress, keep you healthy and take your mind of your finances for a while.
- Reward yourself in other ways than spending money. Feel a sense of achievement when you pay bills.
- Talk to people around you; don’t close yourself off from your friends. You can still enjoy life without spending over your budget.
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| Thomas
Charles & Co - the Debt Help Specialists |
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