Debt and health issues
Debt is proven to have a detrimental effect on an individual's health. One in six people have experienced debt related health problems. Debt leads to poor health; it also puts pressure and huge demands on an individual. Some common symptoms that might lead to debt related health problems are:
- Low confidence
- Loss of sleep
- Short temper
- High blood pressure
- Inability to concentrate
IVA.co.uk provides you with some healthy tips on your 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 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.
- Analyse your behaviour patterns: Get rid of all procrastination and unhealthy perfectionisms.
- Eat healthy: If your body gets the right nutrition you will have a healthy view of your finances.
- Exercise and relaxation: Go for a long walk or run, followed by a bath. It will help relieve stress.
- 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.
The aftermath of debt
- 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.