Debt Got You Down? 5 Tips for Managing the Money Blues

Debt Got You Down? 5 Tips for Managing the Money Blues

If you’ve ever suffered a mini heart attack after opening your credit card statement, then you know: Debt is stressful. But did you also know that being in debt is sometimes linked to serious mental health issues?

A recent infographic from Debt Consolidation, an organization that educates consumers about getting out of debt, illustrates the relationship between debt and chronic health conditions like depression. While it’s not clear that a negative account balance actually causes us to feel depressed or start depending on alcohol, people in debt are significantly more likely to experience these kinds of problems.

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But the good news is that there are plenty of ways to help cope with a scary financial situation—and you don’t have to go it alone. You might consider consulting a debt counselor, who can help you figure out a plan for making your payments on time. Or you can tap a financial planner, who can also guide you in creating a personalized budget you can actually stick to, so you don’t end up back in the red.

Curious about other ways you can keep your cool when you owe more money than you currently have? Read on to find out what you can do today to start taking control of your money and your health.

work Debt Consolidation Debt and Health copyLearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc. that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Infographic shown is used with permission from Debt Consolidation. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. LearnVest Planning Services and any third parties listed in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.

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