A recent survey by the Metro newspaper found that more than three quarters of us are stressed about money. But talking about financial worries is still a taboo for many people.
The survey found that 77% of people are stressed about money, with 17% of respondents saying they were ‘very stressed’ about money.
Worrying about money takes up time and emotional energy. 14% of people say they worry about money every day and 12% say they worry about money two or three times a week.
When asked what part of money they worry about the most, 29% said their overall income and 20% said that they were worried about debt.
More individuals and businesses are struggling with serious debt problems and seeking debt solutions. In April, personal insolvencies hit their highest level for four years.
If you have serious money issues or are concerned about problem debt, it can have a significant impact on mood and mental wellbeing.
In some cases, money worries can contribute to depression and feelings of anxiety.
Staying active can improve your mood and protect your mental health.
Make sure you exercise, see friends when you can and put time and energy into finding a new job if you have been made redundant.
Face up to debt
If you are struggling with debt, it might be tempting to stick your head in the sand and push worries to the back of your brain. But facing your problems can help you stay positive.
Speak to friends or get help from a professional on how you can priorities and tackle your debts.
Find a debt solution
If you are struggling with serious debt and you cannot see how you will pay it back, the situation can seem hopeless.
But there are solutions that may benefit your situation. For more information on these debt services, speak to a member of our team today. Call: 0800 611 8888.
Don’t drink too much alcohol
For some people with money worries, alcohol can be a problem.
You might drink more alcohol to deal with emotions or just to pass the time, but drinking too much alcohol might add to your problems. Click here for tips to cut down on alcohol.
Seek medical support
The NHS recommends that you see your GP if you’re still feeling worried, anxious or low after a few weeks.
Your GP can advise you about psychological therapy services in your area.
For more information debt management services, speak to a member of our friendly debt advice team confidentially. Call: 0800 611 8888.