Money problems can be unavoidable and we may have no choice about being in debt.
Fears about paying debts, bills and essentials such as food and electricity can be very stressful. If we feel responsible for sending money back home, or we’re the only earner in our household, we may feel burdened and isolated.
Feelings like this can make it harder to cope with everything, including the money problems themselves.
There are things we can do to help prevent financial problems causing issues with our mental health.
We might feel ashamed of what we’re going through, which may make it harder to tell anyone, leaving us feeling alone with it.
The truth is, we’re never alone with money problems. Research shows they are one of the most common and serious sources of stress for many people.
Even if our finances are impossible to change, sharing our fears with another person who’s not involved, and who you trust, is likely to help us feel less alone and overwhelmed. This may help us to see new ways forward.
If we are struggling financially, including with debt, it can be helpful to talk about it with an expert at a charity that offers free money advice. They are very experienced
with what can go wrong with people’s finances and what may help.
It can be really helpful to ask for help before any debt becomes unmanageable. But getting help will benefit everyone.