Tag Archives: stress

Money And Mental Health

Hopefully the following article will help to answer  at least some of the questions about the relationship between money and mental health.

Mental Health Is Related to Financial Health

Financial health is often linked to an individual’s mental health.

Constant worrying can deteriorate one’s mental health, leading to several mental disorders; whereas, an existing mental illness may deprive someone of his or her ability to manage finances efficiently.

 Poor financial health is often associated with piling debts. According to a recent report from the Urban Institute, approximately 35 percent of Americans have debt in collections.

An individual’s debt, which could be a combination of high credit card balances, medical bills and unpaid utilities, may have an adverse impact on his or her psychological state.

How mind and money are intertwined

Mental Health Is Related to Financial Health

While a healthy mind can deal with debt in an efficient manner, a healthy and smart financial condition can work wonders for the mind.

Financial problems and challenges can lead to severe stress and worry, but one can always find a way out or use someone else’s perspective to find a remedy.

Financial worries can have the following impact on the brain:

  • An excessive expenditure or increasing debt can cause tremendous anxiety in spite of having a healthy bank balance.
  • Spending may give some anxious people a temporary high, but dealing with financial crisis or debts can heighten the existing stress and anxiety about an unknown future.
  • Simple things in life, such as planning for food, accommodation or medications, may seem cumbersome in the absence of finances, causing further stress and anxiety.
  • Debts or financial problems can affect relationships and social life, which can have a debilitating effect on  mental health.
  • Studies have demonstrated a strong link between suicide and debt. People who committed suicide are eight times more likely to be burdened by debt.
  • Additionally, those who are weighed down by debt are more vulnerable to problem drinking and drug dependence.

Mental Health Is Related to Financial Health

What comes first?

Some researchers believe that a chronic anxiety about one’s financial difficulties and mounting debt can increase stress levels and reduce resilience against certain mental health issues.

On the contrary, some other researchers view mental health problems as major obstacles in managing finances effectively.

Getting stuck in debts increases the possibility of being affected by a mental illness. 

A mental health problem may increase the risk of a significant growth in debt and other financial problems due to inability to sustain a regular source of income.

Though debt is a manageable issue, constant struggles with anxiety and depression might ruin the ability to seek a solution to solve the financial crisis.

Moreover, someone burdened with debts will certainly not be in a position to pay for his or her mental health treatment.

But whatever be the situation, it is important to deal with financial difficulties and ease one’s stress, since money troubles can have a long-lasting negative impact on the brain.

Seeking professional help

Mental Health Is Related to Financial Health

According to the National Institute of Mental Health (NIMH), approximately one in five adults in America experiences a mental illness each year.

Studies have shown that a significant number of Americans suffering from mental health problems are also likely to be in debt.

A sound mental health plays an important role in money management. Therefore, it is vital to be aware of this association to find out effective and customized solutions.

Feel free to leave comments and/or observations.

Top Ways To Relieve Stress

These days, almost everyone seems to be interested in the top ways to relieve stress.  Numerous factors, big or small, in the world may cause a person to feel stressed out. It is not a new term to come across,  especially in the age of Covid-19.

We as human beings often come across a stressful situation, such as a relationship issue, or death of a dear one.  And it is completely normal, until or unless it stops us from carrying  out all our daily tasks as we normally would.

This past year has been particularly stressful for many due to the  Covid-19 pandemic.  But even in that there are ways to help ourselves understand and deal with the stress.   Reference here to one of my previous blogs.

What is Stress?

Stress is primarily how we react to different situations. While some people may remain calm, some others may get panicked and stressed even in normal traffic, or maybe due to work pressure at their job.

Stress, if severe, can be problematic.  It may tend to adversely affect your physical health or make you feel dog-tired.  Or you may fail to concentrate on simple things.

Nevertheless, your body has a “fight-or-flight” response to such stressful situations. During this process, your body releases some hormones,  after receiving signals from your brain to boost your potential for responding to a possible threat.

 Due to stress having become a common issue, this “fight-or-flight” response process can become recurring. This is when stress management is required, since it provides you with a sea of tools to fight your stress.

Make stress management your goal that you constantly want to achieve.

And do not forget to analyze your stress level from time to time. Thereafter, move on to determine what causes you to stress out.

Ways To Relieve Stress

1. Notice how you feel – No two people will experience stress in exactly the same manner.  Take note of how you behave or think when you stress and when you do not.

2. Understand the source – Pay attention to what is the triggering factor of your stress.

This factor can be anything, including your relationship with your partner or spouse, your kids, your job, your financial issue, or anything else that matters to you in some way or the other.

3. Understand your way to deal with stress – Try to identify if you become unhealthy when you become stressed out.

Maybe you start eating more than enough when you feel uneasy and strained.  Analyze if it is your regular pattern or if in fact it is caused  by a specific situation only.

4. Ask for help – Choose to not keep your stress to yourself and continue to stress, but rather to share it with friends and family and feel a bit relaxed.

  Trust me, the latter will help you cope better with a stressful situation as compared to the former, in which case you might have to consult a professional psychologist in order to find an answer for your stress.

5. Keep physically active – Forget not making any physical movements at all.  Physical exercise of any kind is a great stress reliever, since the feel-good endorphins get a boost and bring an enhancement in your overall well-being.

6. Laugh more – Laughter is the best medicine.

Definitely, each of your illnesses is not treatable alone by your laughter, but, it certainly helps you feel better. You feel lighter mentally.

So, find humor in everything you see or experience.

7. Sleep enough – Get a proper sleep every night i.e. around 7-8 hours. When you sleep well, you feel well, and you react well.

8. Remind yourself – “I am special” – Don’t forget to eat well and drink lots of water every day.  Go for a walk, listen to music, and dance to your favorite number.

Be happy. Take a break from work.  Enjoy yourself.  Half of your problems will disappear.

To conclude, stress may be related to a positive or a negative situation.   Make sure you gauge your stress level keeping in mind both the aspects. 

Not suddenly, but gradually, you will learn to manage your stress in the safest and most effective manner.

Please feel free to add comments.