Tuesday, May 25, 2021

Financial Stress & Mental Health

 A number of studies have demonstrated a cyclical link between financial worries and mental health problems such as depression, anxiety, and substance abuse. Financial problems adversely impact your mental health. The stress of debt or other financial issues can leave you feeling depressed or anxious. But, it doesn’t have to be that way. Some tips to help cope with financial stress include: 

·     Declutter your budget – Take the time to schedule, organize, and declutter all the money coming in and out of your bank account. When you have more control, stress tends to be relieved. See what you can cut back on and focus on the necessities. We offer a FREE Credit Improvement & Making Ends Meet combo class where you learn everything you need to know about credit improvement & basic budgeting techniques. This workshop will provide you with the basic skills that are necessary to begin building a financial road map to a better future. You can find more information and sign up for FREE on our website here: https://originsc.org/classes/credit-improvement-workshop/

·     Understand the debt cycle – Once you know how to get out of debt, it is easier to build a healthy financial future moving forward. We have a debt management program where we develop consolidated payment programs that include lower interest rates and monthly payments which are made directly to our office and distributed appropriately to the creditors on the behalf of the client (you).

  • Don't forget general stress management- As you work on improving your financial situation, you can reduce stress by practicing stress-reducing techniques and making other changes to create a low-stress lifestyle. Find activities or hobbies that you enjoy, put yourself and your mental health first!

At Origin SC we are always here to help you on the path to financial freedom. https://originsc.org