Thursday, January 22, 2009

How debt may be affecting more than your bank account


Millions of Americans are feeling the devastating effects of a slowing economy. Millions of jobs and homes have been lost and rising credit card debt has made it difficult for many to sleep well at night. Although everyone has experienced some level of stress and its side effects, intense stress can have serious consequences on your body and mind.






Image courtesy of: astrologeometry.com

Major stress can lead to:

  • Depression
  • Anxiety
  • Ulcers
  • Heart attacks
  • Insomnia
Three out of every four families in the U.S are in debt, according to the Federal Reserve's Survey of Consumer Finances. The increasing amount of debt and the stress it causes can be emotionally draining but doesn't have to take over your life!
Here are a few tips to help you cope with debt related stress:

  • Attitude is everything! Don't beat yourself up over something that is already done. Instead think positive, reassuring thoughts and work towards getting organized and paying back your debt at a resonable, comfortable pace.
  • Keep a journal- Write down everything from your spending habits to any negative thoughts you may be feeling. Keeping a journal can help you relieve stress and look at situations in a more objective manner.
  • Stay healthy- eat well, exercise and get plenty of sleep. Keeping your body healthy will also have an effect how you think and feel.
  • Have a plan- Create a plan for getting out of debt. A clear plan can help you feel more empowered and in control which may help keep stress to a minimum.
http://www.webmd.com/balance/features/the-debt-stress-connection

http://www.fastupfront.com

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