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Considerable debt can negatively affect mental health

On Behalf of | Nov 13, 2019 | Debt Relief |

Anyone can end up in a difficult financial spot. Some may think that the issue is only temporary and that they will get back on track next month or after their next paycheck. Unfortunately, some people may find their financial problems starting out small and growing into a seemingly insurmountable issue.

You may be one of the many people in Wisconsin and across the country who is struggling with considerable debt. Your problems may have started out small, or you may have faced a sudden event like a medical emergency or job loss that placed an unexpected but significant financial burden on you. Whatever the case, it is likely that your debt issues are taking a toll on your emotional and mental health.

Debt can have emotional impacts

You may worry daily about your money problems and wrack your brain for ways you could get back on track. Much of your daily life could even be affected by your debt, including your emotional well-being. Some impacts that your debt may be having on your life include the following:

  • Depression: You may feel as if you will never get out from under your debt burdens and that your life will never be how you want it to be because of your money issues.
  • Anxiety: You may worry daily about how you will meet your needs and cover the expenses you have.
  • Stress: Your debt issues likely also have you feeling stressed in various areas of your life, including work and school. You may even feel stressed about spending money on necessities.
  • Resentment: It is possible that you may resent yourself for ending up in this situation or even resent others who may contribute to the debt issues, such as your spouse. You could even resent friends or family for having more financial security than you.
  • Frustration: You may feel frustrated that an unforeseeable event led to your debt issues or that you cannot find a way to manage your debt better.

Debt and other money issues can easily take over your life. If you truly want to get a handle on your financial problems, you may want to consider filing for bankruptcy. This debt relief method can help you to get your debt under control and allow you to work toward healing the emotional damage caused by your financial issues.


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