How Finances Can Affect Our Mental Health and Vice Versa 

Our world revolves around money. From earning it to spending it, we are always surrounded by a desire to have and make money. We need money to pay for education, to provide for our families, to fuel our car, and to survive. Money is a constant, something that we all have to focus on and worry about. For something so essential to our lives, it can be an incredibly difficult thing to obtain, which adds a great deal of stress to our lives. Employment is not an easy thing for everyone to find, and money is rarely plentiful. We have to piece things together to get by, living paycheck to paycheck. When it’s all said and done, we feel like we still don’t have enough. Our society and its systems don’t help us the way we need them to. Add money issues to mental health challenges, and we can find ourselves feeling stuck and drowning.

The Link Between Mental Health & Debt

Mental illness can often take away a lot of our energy and leave us feeling low. When we are in this low energy state, we feel unmotivated to think about our spending decisions, resulting in rash and illogical purchases. A lack of energy can also cause you to lose track of your money, and you end up spending more than you should. If you have to take time to check into the hospital or a program, you can lose income simply because you have to take time off of work to seek help. For more severe cases, like those with dementia, spending decisions can be incredibly challenging to make. In all of these situations, our mental health hinders our ability to make the right decision when it comes to our finances. 

On the other side, debt is also a factor in the formation of mental illness. More than anything, being in debt can create a large amount of anxiety. Debt is a part of our lives, with many people needing to take out loans to go to school. Regardless of why we went into debt in the first place, however, paying off debt is not an easy thing. A lot of us may not have the proper support from creditors or our loved ones, leaving us feeling alone in the burden. We lose sleep over not being able to pay our debts back, which only worsens this anxiety. This massive stressor can create a lot of different mental problems. It leaves us spiraling, feeling anxious, and depressed because we feel like we have failed. Negative thoughts swirl in our heads, pushing us further and further into despair. 

Overcoming Debt

The good news is that there are options if you find yourself feeling anxious or struggling with debt. There are programs out there that can help you get back on your feet financially. There are companies you can speak with who can help get everything under control and get you out of the hole you’re in. Getting yourself in a better spot will assuage the mental effects of these struggles as well. But if that is not enough, you can also seek help from programs that can help treat your anxiety or depression. Whether your struggles are primarily emotional or financial, there are options for you. You do not have to be alone in your battle to get better. We are here to help you find the best path to healing.

Money and debt are stressful. So much of our lives are dependent on cash, and it causes problems for all of us. You should not be ashamed of struggling or feeling trapped. Understand that there are options, and you don’t have to suffer. There are dozens of programs available that specifically address your personal suffering. You don’t have to continue suffering alone any longer if you are willing to reach out your hand and ask for help. 

If you, or anyone you know, is struggling with anxiety or mental illness, do not hesitate to contact the team here at True Recovery. Our program, founded in 2014, is built around finding what’s best for you to overcome your addiction. Our facility is located in Newport Beach, California, with our supportive housing located close to our campus in Costa Mesa. Take advantage of the local beaches, nature preserves, and Orange County community while we fight for you. Contact us at (866) 399-6528 or [email protected]