Financial trouble is one of the top stressors in people’s lives. It permeates the way they live, how they work and all of their personal relationships. As a result, unresolved financial issues can take a very serious toll on their overall health. Below are just some of the ways that anxiety over finance may negatively affect health and how to adopt ways to effectively deal with it.
1. Loss of sleep is something that many people deal with. However, those with financial stress are more prone to experience sleeping difficulties. Sleep deficits are known to impair judgment, which can lead to career and other mistakes and accidents. A lost job causes even more financial stress. Immune functions and cognitive abilities are also affected by lack of sleep which leads to additional health and relationship problems.
One way to avoid all of this is to first keep track of where you stand financially. Then address tax and credit card liabilities by hiring professionals. Finally, institute a system whereby spending and finances are tracked and managed to avoid further problems.
2. Credit card debt and tax bills can contribute to unhealthy emotions that can take a toll on personal health, both mentally and physically. Financial stress is linked heavily to depression which leads directly to other illnesses. It is said that mental health is the precursor to physical health, so resolving these financial issues is critical in order to get and stay healthy.
3. People experiencing financial anxiety become frustrated and often adopt a sense of hopelessness as debt continues to pile up. Increasing amounts of money are necessary just to pay for the interest. Tax liabilities only compound over time, just as credit card debt and unpaid obligations like mortgages.
The loss of a home creates its own high levels of very menacing stress. The negative attitude that results is something that many people never fully resolve.
4. Unhealthy coping mechanisms can easily develop in people who experience financial stress, which compounds into self neglect and poor care. For instance, people may seek to numb anxiety with smoking, alcohol, drugs, overeating, unprotected sex and prescription and over the counter medications. Taking these substances and engaging in these behaviors on a long term basis generally leads to deteriorated mental and physical health which causes even more expense and stress.
Resolving Financial Issues Less money available for necessities also creates a situation where corners need to be cut for essentials like health care. As a result, people are taking the chance that their health is suffering without taking action to remedy it. Remember that financial problems that are ignored will only get worse. One of the best ways to avoid these health problems is to hire tax relief and accounting professionals. Getting professional help, such as a tax relief specialist who offers free tax consultation, is what could make the difference between developing a serious illness or health issue or not. Seeking professional help is a far better strategy than allowing small problems to go unchecked that easily turn into much larger or even fatal situations.
Melanie Fleury has experienced financial stress due to a variety of reasons, including job loss and tax issues. She advises that getting a free tax consultation from a professional like Instant Tax Solutions is a good way to learn what your options are. Having a plan can reduce or even relieve the stress that comes with financial uncertainty.