According to a non-scientific poll on this site, roughly 7 in 10 respondents are "very stressed" about money, and only 1 in 10 report that they are not stressed about finances — and the proportion of people stressed about money is only going up. While money is a relatively common cause of stress and marital tension, the serious global economic downturn we’re currently seeing has many people concerned about losing their home or their savings -- or both! If you’re finding yourself stressed about money, the following steps can lead you to a greater sense of peace, and a brighter financial future.
Anxiety over money can negatively affect health in several ways:
- Unhealthy Coping Behaviors: People experiencing financial stress can be more likely to numb their anxiety by drinking, smoking, overeating and practicing other unhealthy coping behaviors. This in turn leads to more stress.
- Less Money For Self-Care: With less money in the budget, people who are already under financial stress tend to cut corners in areas like health care to pay for basic necessities like food. Small problems can go unchecked and turn into larger problems. This also leads to more stress. Read more