How Poor Mental Health Can Affect
How You Deal With Money
Some examples of the situations you may be in:
Your earnings could reduce or diminish altogether if you cannot work or have to take a leave of absence from work.
You may spend cash you don’t yet have on things that you don’t really need to make yourself feel better, but experience regret afterwards.
You may feel stressed or anxious about doing things like checking your bills, going to the bank or switching on your phone.
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You may feel nervous, anxious or worried about day-to-day money decision that you are required to make, and you may even choose to ignore them.
You may find being in debt or spending money makes you feel very anxious even if you have enough money. Visit Loanza for a 5000 loan poor credit.
You might not have enough cash to cater for your basic needs.
You might find it difficult to focus on decisions related to managing your money and finances.
You might forget to meet certain obligations or perform certain duties.
If you’re not sure if your suffer from poor mental health, or whether your condition is impacting how you deal with money then why not try the NHS Money Worries tool. It will only take you 5 minutes and you will get the answers you are looking for.
What to do when you don’t feel like doing anything
Everyone feels down every once in a while. If you often find yourself feeling like this, it’s very easy to feel stuck and hopeless. As a matter of fact, identifying when these feelings and how they affect your financial decisions is a crucial skill you need to develop.
If your down episodes become more frequent and they begin affecting your daily performance, you should get help from your doctor. It may seem difficult to share your struggles with your doctor, so Mind has come up with a tool known as Find the Words that can assist you to make the most of the time you have with a qualified doctor or therapist.
When it comes to your finances, the sooner you identify the problem and get help, the easier the situation will become for you. Some people may find seeking professional help extremely difficult.
Below are a couple of things you can try doing to make the process of dealing with your money problems easier.
Bookmark this page so that you can always know where to go to when you need sound advice regarding your money.
Let someone you trust help you manage your finances. Sometimes looking at your bills may be too difficult for you to do it alone.
Try your best not to avoid your creditors as this may encourage them to come after you as opposed to giving you time to pay your bills.
If you are not able to attend work, make a point to inform your boss or the HR department that you are not feeling well. Some employers are really sympathetic and may offer assistance with treatment.
Utility companies and financial institutions are improving on how they identify and offer support for clients with different needs. If you are able, reach out to your service provider and inform them of your situation. Ask them if they offer any specialized financial assistance to clients facing similar circumstances.
Remember, asking for help and clearly explaining your situation can go a long way in helping banks and other service providers to be considerate of your situation.
There are plenty of ways you can reach out to your service providers. You can physically visit their offices, or call them or use their online or web chat platforms.
Your doctor or any other health professional may be in a position to give you a Debt and Mental Health Evidence Form, which can prompt your creditors to take your mental health status into account. However, not all your creditors will need to see written evidence of your mental health status so don’t rush to get it before speaking to them.
There are tools that allow you to temporarily block websites that may contribute to your mental health condition especially if you are an impulse buyer or shopaholic.