How to Cope with Debt-Related Stress
If you are struggling with an unmanageable amount of debt, you may feel guilty, anxious, or depressed. While being in a high amount of debt is never ideal, you are not alone, and there are ways to deal with your situation constructively.
Seek out Resources
There are many resources available for dealing with your debt. Debt management companies, like Rescue One Financial, can help you by connecting you with a counselor and creating a debt management plan. As long as you have discipline and stick to the plan, you will eventually become debt-free.
Confide in Loved Ones
Money is often considered a taboo topic in modern society, but that should not stop you from reaching out to close friends and family members in regards to your situation. Being able to speak with someone you trust should help you to work through any feelings of guilt or shame and feel inspired to take action. Your friends and family may even be able to recommend ways to earn extra cash.
See a Therapist
If you have reached out to your loved ones and begun a plan to pay off your debt but are still struggling with persistent negative feelings, you may wish to consider reaching out to a trained mental health professional. You are not your debt, and you should not allow your current financial situation to have a detrimental effect on your overall self-esteem. A therapist will be able to help you work through your feelings and provide valuable coping exercises.
By following these steps, you should be able to improve your emotional well-being while starting down the road to becoming debt-free. Even though you are most likely cutting out discretionary expenses in order to pay off your debt, don’t be afraid to leave some room for occasional indulgences. There is no shame in allowing for an occasional night at the movies or new pair of shoes for the sake of your sanity and sense of self-worth.