Being overwhelmed by debt can hurt more than your credit score; it can affect your job and relationships with family or others. The stress caused by money problems or harassing creditors can also lead to health problems such as these.
Insomnia
Are you lying awake at night worrying about money? Inadequate sleep does more than cause black circles under your eyes; it causes or contributes to health problems such as obesity, diabetes, and heart disease. Sleep deprivation also affects your memory, your mood, and your work performance.
Digestive Problems
The stress of being in debt can lead to a number of digestive problems, including heartburn, nausea, ulcers, and irritable bowel syndrome. Bad eating habits caused by stress can also aggravate these problems.
Unhealthy Habits
Many people turn to food, alcohol, or drugs in attempt to relieve stress or hide from their problems. Others, feeling that they have nothing left to lose, spend money they do not have, engage in promiscuous activities, exhibit aggressive behavior, or take part in other dangerous activities. All of these habits can harm your health by resulting in addiction, psychological problems, injury, or disease.
Depression
People with money problems are far more likely to suffer from depression. The hopelessness caused by spiraling debt can be immobilizing, robbing your life of joy. Even the simplest decisions become difficult, and you may think that giving up is your only way out. Talking to a financial professional, such as a Nashville Bankruptcy Lawyer , can help you explore your options for getting out of debt so you can get your life back on track.
Ignoring Basic Health Care
When you are in debt, all of your money goes to keeping creditors off your back. Unfortunately, going to the doctor is one of the first things you may give up when you have money problems. You might even consider canceling your health insurance to free some extra money for living expenses, but think carefully before you do. Minor health issues can become major ones if they are not treated, which may lead to even more financial woes if you lose work or end up in the hospital because of them.
Debt can have a number of negative effects on your body and your mind. If you are experiencing money problems and you cannot solve them yourself, seek professional help as soon as possible to get your finances in order. Getting out of debt can literally save your life.